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Counter-sanctions against West to hit its ‘weak spots’– Moscow

RT | February 25, 2022

Moscow will respond to sanctions imposed by the US and its allies over Russia’s military operation in Ukraine, the head of the Russian Senate, Valentina Matviyenko, told journalists during her visit to Tajikistan on Friday.

“As for the reciprocal sanctions … they are ready,” Matviyenko said, adding that Russia’s response would not mirror the restrictions imposed by Washington and its allies but would instead hit the western nations where it hurts.

“We are well aware of the West’s weak spots and we have drafted an entire package … a series of potential sanctions to be used against those nations that announced sanctions against Russia,” the Senate head has said, adding that “the West has many soft spots.”

The official has not elaborated on any details of the drafted sanction proposals. She only said that the measures would be designed so as not to hurt Russia itself. The Russian government has taken “all the threats stemming from sanctions” into account and developed “safety mechanisms.”

Matviyenko has also said that Russia will remain a reliable gas supplier for Europe despite measures taken by the US and Germany against the Russian-backed Nord Stream 2 pipeline project. Berlin decided to put an immediate halt to the certification of the project even before Russia launched its operation in Ukraine. The decision was taken following the official recognition by Moscow of the two breakaway Donetsk and Lugansk Republics earlier this week.

The Russian Senate head’s words also come after US President Joe Biden imposed “long-term impact” sanctions against Russia over its military operation in Ukraine on Thursday. The measures targeted Russia’s banking sector, as well as the nation’s ability to do business in dollars, pounds, or yen. The restrictions did not involve cutting Russia off from the SWIFT system, though.

Later on Thursday, the EU followed suit by also targeting “70% of the Russian banking market, but also key state-owned companies, including the field of defense,” as the EU Commission head, Ursula von der Leyen, put in her statement.

February 25, 2022 - Posted by | Economics | ,

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