Russia's Central Bank predicts effect from U.S. possible sanctions on Russia

Russia's Central Bank predicts effect from U.S. possible sanctions on Russia

First Deputy Chairman of the Bank of Russia Sergey Shvetsov said that possible new U.S. sanctions against Russia will have less effect than those introduced earlier. 

"Even if the laws on sanctions are adopted, we have quite a lot of experience in such conditions," he stressed.

We are much more prepared in the financial market than other countries, so the effect that these sanctions had on 2014 will be much smaller now," TASS cited Shvetsov as saying.

The bill in question was presented on Wednesday by a group of U.S. lawmakers. The document suggests, in particular, the introduction of sanctions against 24 FSB officers, who, according to the American side, are related to the Kerch Strait incident in November 2018. U.S. lawmakers are proposing to limit transactions with newly issued Russian sovereign bonds, as well as impose sanctions on energy projects in Russian state-owned companies outside the Russian Federation and some banks.

2635 views





Populars