Russia Orders Relief For Companies Affected By U.S. Sanctions - FbiCables Network | The News that Shapes World Opinion

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Wednesday, April 11, 2018

Russia Orders Relief For Companies Affected By U.S. Sanctions

Russia says it will continue to support companies being targeted by U.S. sanctions.
Prime Minister Dmitry Medvedev ordered his cabinet to draw up measures to support sanctioned companies in the energy, metals, and arms sectors.
Following news of the sanctions, Russian stocks and the ruble dropped sharply.
Russian Prime Minister Dmitry Medvedev, right, leads a cabinet meeting in the Gorky residence outside Moscow, Russia, Monday, April 9, 2018. Medvedev ordered his Cabinet to draw up measures to support sanctioned companies in the energy, metals and arms sectors, Russian news agencies reported. (Alexander Astafyev, Sputnik, Government Pool Photo via AP)
The sanctions also erased yearly gains of dozens of the wealthiest tycoons in Russia — falling by $16 billion.
Russian residents spoke about the possible outcomes due to the sanctions.
“Our country has found itself in isolation because of the foreign policy of our government and consequently, the economy stagnates,” stated Moscow resident Sergei Yankovsky. “I travel a lot in the regions, because of my work and if we look at what happens there, then it’s total decline: factories, companies and hospitals shut down.”
Last week, U.S. Treasury officials announced sanctions against seven leading Russian businessmen and 17 government officials as well as dozens of Russian companies.
Meanwhile, the Russian foreign minister says the expulsion of his country’s diplomats is an unprecedented provocation, and has nothing to do with furthering the goals of the international community.
Russian diplomats who got expelled from various countries over spy poisoning accusations wait for a meeting with Russian Foreign Minister Sergei Lavrov in Moscow, Russia, Monday, April 9, 2018. Lavrov said that such a massive expulsion of Russian diplomats in unprecedented and that Russia will have an adequate response. (AP Photo/Pavel Golovkin)
The comments by Sergei Lavrov came at a Monday meeting with the Russian diplomats expelled from several countries.
The diplomats were sent back to Moscow in response to the poisoning of a former Russian spy in the U.K. back in March.
Lavrov says the countries reacted without proving that Russia was involved, adding, it’s a political ploy pushed by the West.

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