12:06 GMT +3 hours29 August 2016
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Russia Develops New Retaliatory Measures to Protect Against Possible New Western Sanctions

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Russia has developed new retaliatory measures in the aircraft and engineering industries, but will only implement them if the West imposes new sanctions against Moscow, Russian Economic Development Minister Alexey Ulyukaev told journalists.

NAYPYIDAW, August 28 (RIA Novosti) – Russia has developed new retaliatory measures in the aircraft and engineering industries, but will only implement them if the West imposes new sanctions against Moscow, Russian Economic Development Minister Alexey Ulyukaev told journalists.

“A lot will depend on the future actions of our partners. If everything stays the way it is, we will not impose new restrictions. However, if they decide to choose a different path and escalate the sanctions, we will have to respond with new measures, for example in the aircraft and engineering industries. We have already made the proposals,” Ulyukaev said.

Ulyukaev also stated that if Western countries extend their sanctions lists against Russia, Moscow will file a relevant lawsuit with the World Trade Organization (WTO).

“It is very important to see how our partners will act now. If they will not proceed with any sort of escalation, we will not take the measures. In a different scenario, we will have to respond,” Ulyukaev added.

Back in March, in response to Crimea’s reunification with Russia, the United States and the European Union introduced a package of targeted sanctions against Russia.

As the Ukrainian crisis escalated, the United States introduced several new rounds of sanctions targeting Russia’s defense, energy and banking sectors, and persuaded its allies to add Russian individuals and entities to their own blacklists.

In August, Russia introduced protective measures banning the import of agricultural and food products from countries that had imposed sanctions on Russia for a year.

Moscow has repeatedly called the language of sanctions “counterproductive,” saying the measures “threaten international peace and stability” and run counter to the principles of international law.

Tags:
economy, blacklist, political crisis, sanctions, European Union, World Trade Organization (WTO), Russian Ministry of Economic Development, Alexei Ulyukayev
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