Sanctions against Russia will backfire and actually benefit the economy, President Vladimir Putin has said. His comments follow US President Obama’s threat that the White House has prepared a third round of sanctions.
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.
Washington is inching closer to imposing a tighter financial grip on Russia. The next round of sanctions could target more banks and the heart of the Russian economy - the energy sector. In sights is Gazprom, Russia’s largest natural gas producer.
The Ukrainian crisis is likely to push Russia to develop a crucial relationship with China, and it’s also probable that the US will cozy up more with China to balance against Russia, both of which benefit China, Chinese expert Andrew Leung told RT.
Despite the Islamic Republic’s off-limit trade status, a US corporate jet was spotted on the tarmac of a major airport in Tehran, fueling speculation in aviation and political circles as to how and why the aircraft got there.
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.
Ukraine is on the frontline of Russia v US superpower tensions, while a major naval base there makes it the bottom line underlying this confrontation, Richard Sakwa, professor of Russian and European politics at the University of Kent, told RT.
Asian business is keen to snatch development opportunities in Russia as economic ties with the West are weighed down by the Ukraine crisis, the Deputy Chairman and the Board member of Russia’s Vnesheconombank Aleksandr Ivanov, told RT.