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New Retaliatory Steps to Western Sanctions Not on Russia’s Agenda: Industry Minister

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Russia is not going to introduce new measures in response to Western economic sanctions, Russian Minister of Industry and Trade Denis Manturov told reporters on Tuesday.

MOSCOW, October 14 (RIA Novosti) - Russia is not going to introduce new measures in response to Western economic sanctions, Russian Minister of Industry and Trade Denis Manturov told reporters on Tuesday.

"We are not interested in responding [to Western sanctions] with some unreasonable measures. It's our [Western] colleagues who should be thinking about when they will lift [the sanctions], as Western enterprises have been hit; they have had the most serious discomfort from the measures, imposed by their governments," the minister said.

He added that the Russian authorities will be more humane in this regard and are not going to close opportunities for businesses by resorting to additional restrictive measures.

The West has imposed several rounds of sanctions against Russia's largest banks and energy and defense companies over Moscow's alleged involvement in the Ukrainian conflict – a claim repeatedly denied by senior Russian officials.

Russia responded by introducing a one-year ban on certain food products importation from the United States, the European Union, Canada, Australia and Norway. On Monday, Economic Development Minister Alexei Ulyukayev said the ban on food imports will stay in effect until the European Union lifts its anti-Russian sanctions.

In September, presidential aide Andrei Belousov told RIA Novosti that Russia had already prepared a new package of retaliatory measures to the latest wave of Western sanctions, which includes restrictions on imports of cars and textile products.

Tags:
economy, sanctions, business, Denis Manturov
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