Russia's deputy PM on decisions made on sanctioned companies

Russia's deputy PM on decisions made on sanctioned companies

Russia's government has made virtually all decisions concerning the sanctioned Russian companies, the country's Deputy Prime Minister Dmitry Kozak said.

"Today, all necessary decisions with respect to all companies affected by restrictive measures have been made," he told RBC.

Kozak stressed that the government supports Russian businesses and takes measures to minimize the effects of the administrative barriers created by sanctions. Assistance is provided, first and foremost, by "maintaining demand for the companies’ products in the domestic market, increasing access to financial resources for them, because sanctions imply primarily restricting access to financial resources in Western markets," he recalled.

On April 6, the US authorities announced sanctions against a number of Russian officials, businesspeople and companies. Among the sanctioned entities were several companies controlled by Oleg Deripaska. These include Agro-Holding Kuban, EuroSibEnergo, Russian Machines, GAZ Group, B-Finance, Basic Element and En+.

The sanctions imply that these companies’ assets in the US are frozen. They also provide for a ban for US citizens to do business with them. The restrictive measures also affected other businessmen and companies.

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