Russia highly likely to prolong 'counter-sanctions', may adjust them

There is a high probability that the Russian government will decide to prolong its measures adopted in response to Western sanctions imposed on Russia, but a period of their extension will be discussed further and these measures may be adjusted, Russia's First Deputy Economic Development Minister Alexei Likhachyov told Interfax.

There is a high probability that the Russian government will decide to prolong its measures adopted in response to Western sanctions imposed on Russia, but a period of their extension will be discussed further and these measures may be adjusted, Russia's First Deputy Economic Development Minister Alexei Likhachyov told Interfax.

"There is a high probability that a decision will be made to prolong these [counter-sanctions]," he said.

"However, the sanctions [counter-sanctions] may be adjusted as they are adopted," he added.

Russia introduced its retaliatory measures for a period of one year as well, Likhachyov said.

"Consequently, the government will decide whether to prolong them. Obviously, the [counter-sanctions] will be prolonged," he said.

The first deputy minister, however, declined to say how these measures may be adjusted - whether they may be strengthened or eased.

"Separate discussions will be held concerning a period of time for which the new sanctions will be introduced. Obviously, it will also take account of the positions of our trade opponents," Likhachyov said.

On August 7, 2014, Russia banned meat, fish, dairy, vegetable and fruit imports from the United States, Canada, European Union countries, Norway and Australia in response to sanctions imposed by these countries on Russia over the events in Ukraine.

Read more: EU Committee of Permanent Representatives agrees on extending sanctions against Russia>>>

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