Russia promises a tough response to new U.S. sanctions

Moscow’s answer “will be painful for Washington,” says Russian Foreign Ministry. Source: Reuters

Moscow’s answer “will be painful for Washington,” says Russian Foreign Ministry. Source: Reuters

Analysts are sceptical about the latest round of sanctions and believe they will most likely prove to be ineffective.

The U.S. imposed new sanctions against Russian companies and individuals. The new list includes, in particular, Rosneft Chief Executive Igor Sechin and the general director of the state corporation Rostekhnologii (Russian Technologies) Sergey Chemezov. The Russian Foreign Ministry has warned that Moscow would make a “painful” response to Washington’s decision.

The new list also included the deputy head of the Kremlin administration Vyacheslav Volodin, Deputy Prime Minister Dmitry Kozak and Russian presidential envoy in Crimea Oleg Belaventsev. The sanctions also affect the chairman of the Duma Committee on Foreign Affairs Alexey Pushkov, as well as the head of the Federal Security Service Yevgeny Murov.

In addition, sanctions were placed against 17 Russian companies. All of these are controlled by either Gennady Timchenko or Arkady and Boris Rotenberg, or the Rossiya Bank. The list of companies also includes several banks, such as Ivestkapitalbank, Sobinbank and SMP Bank.

Russian Deputy Foreign Minister Sergey Ryabkov said the new U.S. sanctions against Russia would not remain without a “painful” response.

“Of course, we will reply. We will never hide the fact that the possibility for such a response exists, and a set of measures that will be applied is rather wide,” Ryabkov was quoted by Interfax. He noted that, “this response will be painful for Washington”. No one has the right to speak the language of the sanctions with Russia, and any attempts to dictate something to us, set us ultimatums, will only turn against those who do this,” said Ryabkov.

A New Cold War

Political scientist and chairman of the Council on Foreign and Defence Policy Fyodor Lukyanov, in his turn, said that the list of companies is important here. “The chief sanctions are not against individuals, but against large companies, and this list will likely be expanded, cutting off these organizations from external financial markets. As to the personal sanctions against Sechin or Volodin – these are pure symbolism.”

Lukyanov added: “We are in the second phase of the ‘Cold War’. It is difficult to say how long it will last, but certainly for the next few years. It will bloom and embrace all areas of relations.”

Political analyst Gleb Pavlovsky, who is believed to be close to the Kremlin, said that, “this is not a solution to the crisis, but a further aggravation of the situation.” According to him, the goal of the current sanctions “is a combination of two motives: first to strike at the Russian economy, and second, to make Moscow furious, and thus reduce Russia’s ability to make an adequate response.”

Yuri Rogulev, director of the Franklin D. Roosevelt Foundation for Studies of the U.S. at the Moscow State University, said that the list promulgated by the United States was predictable. “This is just a demonstration of their position. Indeed, for such a big country as Russia, such sanctions cannot have an instantaneous effect. However, I would not talk about a new Cold War or even very serious aggravation of relations; these are still just some additional cosmetic steps,” Rogulev said.

Based on articles first published by Interfax and Gazeta.ru

All rights reserved by Rossiyskaya Gazeta.

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