10:43 GMT +311 December 2017
Listen Live
    The Moscow Kremlin. Vodovzvodnaya Tower, foreground. Background, right: the Grand Kremlin Palace, Ivan the Great Bell Tower and Cathedral of the Archangel.

    Russia May 'Retaliate' Over New US Sanctions After G20 Summit, Senior MP Says

    © Sputnik/ Natalia Seliverstova
    Politics
    Get short URL
    263

    Russia will review the expansion of sanctions by the US Department of the Treasury against Russian individuals and entities working in Crimea and the response may come after the upcoming G20 summit, Vladimir Dzhabarov, the first deputy chairman of Russia's Federation Council foreign affairs committee, told Sputnik on Tuesday.

    MOSCOW (Sputnik) — Earlier in the day, the US Treasury Department Office of Foreign Assets Control (OFAC) announced a new round of sanctions against 38 individuals and entities, including two Russian government officials and 11 individuals and entities that operate in Crimea, over the ongoing conflict in Eastern Ukraine.

    "We need to analyze the restrictions being introduced against our country and the possible retaliation measures of Russia for such unfriendly steps. This decision may be made after the G20 summit in July in Hamburg, which will be attended by the presidents of Russia and the United States," Dzhabarov said.

    He added that the new sanctions may be a concession to Congress and meant to stop them from approving a law on restrictions against Russian economy for allegedly meddling in the US election. The law was already approved by the US Senate, with the new sanctions including additional punitive measures against Russia’s defense, intelligence, mining, shipping and railway industries and restricting dealings with Russian banks and energy companies.

    "Maybe, Trump took this step [introduced new sanctions over Ukraine] to slow down the draft bill on anti-Russian sanctions, which is currently in Congress and which he does not want to sign," Dzhabarov explained.

    The new sanctions include freezing of assets subject to US jurisdiction and prohibit US individuals from doing business with them.

    Related:

    G20 Finance Ministers Agree on Trade Provisions in Draft Communique
    G20 Eyes New Consensus on Int'l Trade, Offsetting Fears of US Protectionism
    July's G20 Leaders to Discuss Overcoming Global Economic Hurdles - Putin
    Tags:
    sanctions, G20 summit, United States, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment