Russia considers additional counter-sanctions against EU

As EU Leaders mull the passage or extension of its sanctions against Russian leaders and upper class, an economic aide in the Kremlin said that the Russian government is considering additional measures that can be taken in response, in addition to the already-in-place ban on Western food imports and travel bans on European officials. Either way, however, Russian officials are waiting for the EU to make the first move.

The imposition of sanctions against Russia by a cabal of Western nations have exacerbated severe economic distress for the Russian Federation, whose economy was hit hard by the precipitous decline in oil prices and the simultaneous fall in the value of the ruble against the strong US dollar.

Economy Minister Alexei Ulyukayev said on Thursday that Russia would almost certainly be extending the food embargo, but remained ambivalent about any new measures that would be taken against the EU in the form of sanctions, saying that he will likely “keep the status quo.”

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News Briefs:

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