Russia's Foreign Ministry Slams New EU Sanctions

World | July 26, 2014, Saturday // 16:50| Views: | Comments: 75
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Bulgaria: Russia's Foreign Ministry Slams New EU Sanctions Photo: EPA/BGNES

Russia's Foreign Ministry harshly criticised the new set of EU sanctions, reports  ITAR-TASS.

On Saturday the EU announced it widens the sanctions list to include Russian intelligence chiefs and organisations of the pro-Russian separatists in eastern Ukraine.

The reason for this is the perceived involvement of Russia in the downing of the Malaysia Airlines MH17 flight over eastern Ukraine last week.

The European Union jeopardized international security cooperation when it agreed with Washington’s policy regarding sanctions against Russia over events in Ukraine, the Russian Foreign Ministry said in its statement.

“The additional sanctions list is direct proof that the EU countries have set a course for complete termination of interaction with Russia in international and regional security issues, including the fight against proliferation of weapons of mass destruction, terrorism, organized crime and other new challenges and threats,” the ministry said.

It said that the EU only harms itself by supporting the United States in the sanctions issue.

“We are convinced that such decisions will be enthusiastically perceived by the terrorist International,” the Russian Foreign Ministry said. 

The ministry also noted that the sanctions expansion shows that the EU “has become totally addicted to Washington and Kiev fairytales about events taking place in Ukraine” while depriving itself of an alternative and objective source of information.

“Do they realize in the EU capitals what these irresponsible steps, be it in the political or economic spheres, may lead to?” the Russian foreign policy department said.

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» To the forumComments (75)
Optimistic - 6 Aug 2014 // 17:24:49

The sanctions will not effect current supplies of oil and gas, the sanctions will prevent BP and Shell using their technology to develop new supplies of oil and gas especially deep artic drilling.

This winter Russia will charge the Ukraine more for gas and gas sales to Europe will continue, there are no viable alternatives for Europe.

Russia is doing rather well, it will get more for its gas this winter and the Crimea is worth 89 billion euros so if you do the maths Russia is ahead.

Western media is saying that the US spent 5 billion dollars in de stabilizing the Ukraine it is not getting payback.

Seedy - 6 Aug 2014 // 16:24:42

Russia doesn't need pipelines to export its main produce - hot air and BS ;) Apart from that, all they have to offer is empty promises, medieval thinking.......and BUK missiles to fake Freedom Fighters.

Thunderstorm - 6 Aug 2014 // 15:24:35

Russian money comes from oil and gas exports, hardly nothing else. Without this, Russia will bankrupt within a year. China is no option, there are no pipes to export there.

Russophobe - 6 Aug 2014 // 14:28:36

Another Russian travel company, Nordic Star, declared bankruptcy today leaving thousands of peasants stranded. This is the 7th Russian travel company to collapse since July. Aeroflot's Dobrolet low cost airline was grounded because of sanctions.

Russia is collapsing even faster than I thought. It will be interesting to see how by the end of the year they are handing out ration cards again.

Optimistic my boy, don't despair, your Russia is collapsing faster than your sphincter on Friday nights. The rockets don't worry about, the US has good friends in China and France that can help it launch those satellites without issue. Anyways, aren't the Russkies going to need to get money any way they can? LOL.

Optimistic - 6 Aug 2014 // 13:00:30

Yes the Russian money will move East so the sanctions will hurt the West.

As regards flight bans the US space programme will stop soon when the US runs our of Russian rd 180 rocket engines. This should happen by November.

It will be fun seeing Obama explain that the US can't launch satellites because it doesn't have Russian rocket engines.

De-dolarized assets - 6 Aug 2014 // 02:36:34

Russian mobile network MegaFon has decided to place 40 percent of its cash in Hong Kong dollars to diversify and de-dollarize. The move is also a preventative move to protect against Western-led sanctions.

Dollar-based assets are a risk for the company, Chief Financial Officer Gevork Vermishyan told Bloomberg News in a phone interview.

Hong Kong offers a simple alternative to the US dollar since the Hong Kong dollar has been pegged to the US currency since 1983. Its value mirrors the US dollar, and has never fluctuated beyond 1 percent above or below the US currency.

The rest of the company’s cash is kept in rubles, according to Vermishyan. As of June 30, MegaFon had $1.3 billion in cash and cash equivalents.

MegaFon is owned by Russia’s richest man Alisher Usmanov, and has an estimated value is $6 billion.

One of Russia’s largest mobile carriers, MegaFon previously kept its foreign holdings in US dollars and euros, according to the company. It is working to lessen its dependence on foreign currency, Vermishyan said.

Closed Russian air space - 6 Aug 2014 // 02:32:14

On Tuesday, Vedomosti daily reported Russia was considering limiting, or even completely blocking European flights to Asia that cross Siberia, in response to EU sanctions that caused Aeroflot subsidiary, Dobrolet, to suspend flights on Monday

Optimistic - 5 Aug 2014 // 15:58:54

To Zeus - BP its full name is British Petroleum has billions of Euros invested in Russia.

Their boss said they are committed to maintaining their investments in Russia.

For sure they will find a way to maximize their profits from Russia by interpreting the sanctions in a suitable way.

What is fantastic is British Petroleum is selling Russian Oil all over the world and the US anti Russian propoganda wont stop this as people filling up in BP filling stations wont connect BP with Russian Oil.

The Brits are fantastic Comrades.

Zeus - 5 Aug 2014 // 09:06:00

BP was a giant before Russian oil was ever tapped. BP is already fracking in the US. It will be more profitable in the medium and long run (and likely the the soon to be short run).

Optimistic - 5 Aug 2014 // 08:28:17

To Russophobe the US will have to stop its space programme because Russia is not supplying them with any more rd 180 rocket engines.

Google rd 180 ban and you will see western news on this story.

It will take the US years to develop a replacement for the Russian rd 180 rocket engines.

Thank you for your concern about Russian equities they will bounce back.

Dogfish - 5 Aug 2014 // 08:25:30

Germany is suspending delivery of a military training installation. Two conclusions: the Germans are willing to bring economic sacrifices in order to teach Putin a much-needed lesson, and Russian technology has fallen back in such a way that they cannot construct such installations on their own (like helicopter carriers and airliners). What "great power" is this?

emanuel36 - 5 Aug 2014 // 06:19:44

Although these still require the same ongoing attention and maintenance, you will be saved the initial trouble of building the car from scratch.

Russophobe - 5 Aug 2014 // 01:37:03

Optimistic, I know you're getting a bit worked up seeing your slavemasters being decimated but don't despair. We know Russia is quickly collapsing as the West had intended and even its travel companies are folding by the day leaving thousands of angry Russian peasants stranded in Greece, Spain and other countries.

Read some more information about the severe damage being inflicted on your buttfuckers:

Russian equities have collapsed by 10% in recent days. And this is just the beginning.

Meanwhile the US grew by 4% last quarter and has been creating an average of 250,000 jobs each month this year. The EU is finally getting out of the pit and even Spain is expected to grow by over 2% this year.

LOL Optimistic, start putting good vaseline on that red anus of yours because you will get FUCKED HARD when you see your dear Russia collapse a la Zimbabwe or Venezuela by the end of the year.

Optimistic - 4 Aug 2014 // 23:52:17

India is the second largest purchaser of Russian military equipment after China.

John Kerry went to India last week to ask them to stop buying from Russia, they said they will carry on buying from Russia.

Israel has also said it will continue to trade in military equipment with Russia.

Optimistic - 4 Aug 2014 // 21:35:21

Germany has cancelled a 120m euro defence related deal with Russia and Addidas from Germany says it is suffering financially from the sanctions with Russia.

Go sue your stupid government, the EU and the US for the anti Russian actions they have created.

These things Russia can do without lol.

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