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    Anti-Russian Sanctions Extension Harms Primarily Foreign Companies - Minister

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    The extension of anti-Russia sanctions to include several energy companies will not hurt them but those who impose the sanctions, Russian Energy Minister Alexander Novak said Friday.

    MOSCOW (Sputnik) — On Thursday, the US Treasury added a number of Gazprom energy company entities and subsidiaries of Gazprombank, as well as of Bank of Moscow and several other financial companies, to the US sectoral sanctions imposed on Russia over the Ukrainian issue.

    "In my opinion, the foreign companies and foreign investors suffer from the sanctions more, because the Russian market is a great market. If these companies are not able to work with our [companies], this niche of the market will be occupied by other companies, something we have been noticing for the last two years. That is, of course, those who introduce these sanctions, those, of course, damage their own companies," Novak told Rossiya 24 in an interview.

    He added that the last two years were marked by constant complaints from foreign companies, which were forced to limit their operations in Russia.

    Related:

    EU 'Highly Unlikely' to Toughen Sanctions Against Russia
    Kremlin Urges to Not Overestimate Negative Consequences of Anti-Russia Sanctions
    US Anti-Russia Sanctions to Have Little Impact on Russian Economy
    Tags:
    anti-Russian sanctions, Alexander Novak, Russia
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