Home / Market Update / The Kremlin: Russia Will Impose Retaliatory Sanctions on The West

The Kremlin: Russia Will Impose Retaliatory Sanctions on The West

The Kremlin said on Friday that Russia would impose retaliatory sanctions on Western countries on the basis of reciprocity.

Kremlin spokesman Dmitry Peskov said the sanctions would cause problems for Russia but their impact could be contained and had reduced Moscow’s dependence on foreign imports.

He declined to comment on how long the Russian invasion of Ukraine, which triggered the sanctions, would take, saying that questions about Ukrainian civilian deaths should be referred to the military.

Check Also

Rising U.S. Inflation Expectations Shake EUR/USD as Central Bank Decisions Loom

The EUR/USD currency pair is facing a notable decline as the U.S. dollar strengthens following …