Newscast Media MOSCOW—Though the international market conditions create a
difficult situation for Russia, the country will withstand, Russian Prime Minister Dmitry
Medvedev said over the weekend.
“The situation of the international financial market for our banks is unfavorable,
almost all positions are barred from obtaining foreign liquidity, i.e. foreign funding,”
Medvedev said in an interview with Russian television channel Russia 24.
The prime minister stressed that “it was a judgment call by our European partners,”
adding, “We believe that it is pointless and just ugly in relation to Russia and we can
live without this.”
The new restrictions introduced on September 12 target Russia’s largest banks, oil
and defense companies, as well as certain individuals. The companies were denied
access to the European capital markets, while a number of individuals were subject to
entry bans and asset freezes.
Moscow has responded to previous rounds of Western sanctions with a one-year food
ban that targets a range of products from the countries that implemented sanctions
against Russia. Russian President Vladimir Putin claimed the country would retaliate
with countermeasures but details have not yet been revealed.
Source: Ria Novosti
