Western-led sanctions will not deliver a fatal blow to Russia’s economy and may actually bring benefits, Prime Minister Dmitry Medvedev said Tuesday, adding Russians won’t be caught in the political crossfire in Ukraine.
Royal Dutch Shell’s new CEO Ben Van Beurden met with Russian President Vladimir Putin on Friday, signaling Ukraine tension has not affected investment in Russia, and that energy contracts won't be derailed by international politics.
As the US and Europe escalate talks of sanctions, Russia is recommending companies unregister abroad and bring their shares to the Moscow Exchange to protect from possible future sanctions and provide economic security.
Both US-based rating agencies Fitch and S&P downgraded the outlook on Russia's long-term foreign and local currency ratings to negative from stable, referring to the potential impact of US and EU sanctions on the economy.
A list has surfaced containing the names of more than 100 Russian businessmen and politicians allegedly targeted for EU economic sanctions. German newspaper Bild reported Igor Sechin, CEO of the world’s largest-listed oil company is on the list.