The Kremlin announced Friday that Russia will impose retaliatory sanctions on Western countries on the basis of reciprocity.
Kremlin spokesman Dmitry Peskov said the sanctions would cause problems for Russia but their impact could be contained and had reduced Moscow’s dependence on foreign imports.
The Russian spokesman declined to comment on how long it would take Russian military operation in Ukrainewhich led to the imposition of sanctions, saying that questions regarding deaths of Ukrainian civilians should be referred to the military.
Russia was subjected to extensive and harsh European, American and British sanctions after entering Ukraine.
And US President Joe Biden announced, in a speech to the nation, Thursday, that the United States imposed new economic sanctions on Moscow and approved restrictions on exports to Russia.
Biden said that four additional Russian banks will be included in the sanctions list, and that Russia will be deprived of more than half of its imports of advanced technological products, considering that this will incur heavy costs for the Russian economy, immediately and in the long run at the same time.
The European Union has also imposed sanctions on several high-ranking Russian officials, including Defense Minister Sergei Shoigu.
In addition to Shoigu, the list of sanctions included Putin’s chief of staff Anton Vaino, Deputy Prime Ministers Marat Khosnolin and Yuryevich Grigorenko and Minister of Economy and Development Maksim Gennadyevich.
Earlier on Thursday, Russian President Vladimir Putin announced the launch of a military operation in the Donbass region in eastern Ukraine.
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