07:37 GMT +322 October 2019
Listen Live
    Sculpture of rouble sign in Novosibirsk

    Russian Minister Sees Prospects for Lifting of Sanctions 'in Short Time'

    © Sputnik / Alexandr Kryazhev
    Politics
    Get short URL
    Western Sanctions Against Russia (737)
    157
    Subscribe

    Russia's economic development minister said the sanctions could be eased or lifted "in a short time".

    HELSINKI (Sputnik) — Russian Economic Development Minister Alexei Ulyukayev said Wednesday that the western sanctions imposed on Moscow could be eased or lifted in a short time.

    "It is hard to say when they could be lifted, but it is not the best way to do business. The situation is such that they could be lifted or eased in a short time," Ulyukayev said at the meeting with Finnish businessmen, speaking about the western restrictive measures.

    In 2014, the United States, the EU states, including Finland, and some of their allies imposed a series of economic sanctions targeting key Russian sectors as well as a number of individuals and entities over Russia’s reunification with Crimea and its alleged interference in the conflict between Kiev and independence supporters in eastern Ukraine.

    The Russian authorities have refuted the allegations, warning that the Western sanctions are counterproductive. In response to the restrictive measures, in August 2014, Russia announced a food embargo on some products originating in states that imposed sanctions against it.

    Topic:
    Western Sanctions Against Russia (737)

    Related:

    Russia’s Space Exploration 'Reviving' Despite Sanctions, Budget Cuts
    Kalashnikov Set to Increase Civilian Products Share Over Western Sanctions
    Plan B: This is How Western Banks are Bypassing Anti-Russian Sanctions
    Sanctions Aftermath: Italy Loses €3.5 Billion Annually in Exports to Russia
    Tags:
    sanctions, Russian Ministry of Economic Development, Alexei Ulyukayev, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik