Counter-sanctions against West to hit its ‘weak spots’– Moscow
Moscow will respond to sanctions imposed by the US and its allies over Russia’s military operation in Ukraine, the head of the Russian Senate, Valentina Matviyenko, told journalists during her visit to Tajikistan on Friday.
“As for the reciprocal sanctions … they are ready,” Matviyenko said, adding that Russia’s response would not mirror the restrictions imposed by Washington and its allies but would instead hit the western nations where it hurts.
“We are well aware of the West’s weak spots and we have drafted an entire package … a series of potential sanctions to be used against those nations that announced sanctions against Russia,” the Senate head has said, adding that
“the West has many soft spots.”
The official has not elaborated on any details of the drafted sanction proposals. She only said that the measures would be designed so as not to hurt Russia itself. The Russian government has taken
“all the threats stemming from sanctions” into account and developed
“safety mechanisms.”
Matviyenko has also said that Russia will remain a reliable gas supplier for Europe despite measures taken by the US and Germany against the Russian-backed Nord Stream 2 pipeline project. Berlin decided to put an immediate halt to the certification of the project even before Russia launched its operation in Ukraine. The decision was taken following the official recognition by Moscow of the two breakaway Donetsk and Lugansk Republics earlier this week.
The Russian Senate head’s words also come after US President Joe Biden imposed
“long-term impact” sanctions against Russia over its military operation in Ukraine on Thursday. The measures targeted Russia’s banking sector, as well as the nation’s ability to do business in dollars, pounds, or yen. The restrictions did not involve cutting Russia off from the SWIFT system, though.
Later on Thursday, the EU followed suit by also targeting
“70% of the Russian banking market, but also key state-owned companies, including the field of defense,” as the EU Commission head, Ursula von der Leyen, put in her statement.
Russia launched a large-scale military operation in Ukraine on Thursday morning, seeking to
“demilitarize and de-nazify” the
“regime” in Kiev, according to the Kremlin.
Moscow has drafted a set of counter-sanctions designed to hit the West’s “weak spots,” the Russian Senate head has said
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Germany’s ‘complete blockade’ of Russian banks excludes gas payments
Germany’s finance minister said on Friday that EU sanctions over Russia’s military operation in Ukraine had led to Russian banks being nearly completely blocked in his country. The only transactions still allowed were those by German companies to pay for Russian gas, Christian Lindner said.
“There is already a complete blockade of Russian banks. Thus, business traffic with Russian enterprises is practically blocked. In some cases, transactions are still possible. For example, to pay for gas supplies, so that German companies can make transfers to their subsidiaries in Russia,” Lindner said.
In a video posted on the German Finance Ministry Twitter account on Friday, Lindner added that Germany had secured energy supplies and was prepared for the possible consequences of the EU sanctions against Russia. He admitted, however, that the government is currently unsure what the exact consequences of the sanctions would be, and could result in even higher inflation, he said.
According to Lindner, the EU could impose further sanctions on Russia but the bloc had to make sure they impact the Russian economy specifically. The German government has been reported as saying on Friday that no sanctions against Russia’s energy sector were planned, as such measures could hurt Berlin more than Moscow.
The EU introduced sweeping sanctions against Russia earlier this week, targeting the country’s banking sector, as well as technology and airline industries. Europe’s energy sector faces some uncertainty in the wake of the Ukraine crisis as 40% of the bloc’s natural gas supplies come from Russia.
Earlier this week, Berlin suspended the Nord Stream 2 project – a pipeline that was intended to increase Russian gas deliveries to the EU. Germany’s Foreign Affairs Committee said on Thursday that new gas contracts with Russia were inconceivable.
Gas prices in Europe reacted to the developments by climbing as high as $1,500 per thousand cubic meters on Thursday. The German Energy Ministry said on Friday that it had begun to secure alternative sources of coal imports, as half of its coal supplies come from Russia.
Germany has blocked almost all transactions by Russian banks with only gas payments allowed as part of EU sanctions over the Ukraine crisis
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Peskov sees ‘positive’ signs in Zelensky’s remarks
Kremlin spokesperson Dmitry Peskov considers President Volodymyr Zelensky’s readiness to discuss a neutral status for Ukraine “
a movement towards the positive.”
Earlier on Friday, the Ukrainian leader said he was prepared to discuss the possibility of neutrality for Ukraine with Russia, but on condition of securing “
third-party guarantees.” However, he expressed doubts that any third countries would provide Kiev with such guarantees, as Ukraine is not a NATO member and “
everybody is afraid.”
Peskov responded to Zelensky’s remarks, telling journalists that his preparedness for negotiations about neutrality is “
a movement towards the positive,” and that the Kremlin would now have to analyze the statement.
Peskov’s comments appear much more restrained than recent remarks by Russian Foreign Minister Sergey Lavrov. Following his meeting with officials from the Donetsk and Lugansk People’s Republics on Friday, the country’s top diplomat said Zelensky “
is, to say it simply, lying, when he declares that he is ready to discuss the neutral status.”
“
The opportunities missed by President Zelensky are well known, so there is no need to shift the blame to others,” Lavrov said.
He added that, by “
freeing Ukraine from militarism and neo-Nazism” through its military operation, Russia was aiming to provide Ukrainians with the opportunity “to determine their own future without any pressure from outside.”
The offensive, which was launched on Thursday following an order by Vladimir Putin, has prompted international outrage with the British foreign minister calling the Russian government “
an international pariah.” The widespread condemnation of the “
unprovoked” attack has caused a new wave of sanctions against Russia and cancellations of various sports and cultural events, both Russia-based and Russia-related.
Vladimir Putin’s spokesman says Volodymyr Zelensky’s remarks about neutrality represent “a movement towards the positive”
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Not that their words mean much when they regularly say up is down.