Moscow says 'short-sighted' sanctions will aggravate Russia-U.S. ties

MOSCOW Wed Jul 30, 2014 9:23am EDT

Russia's President Vladimir Putin (C) chairs a government meeting at the Novo-Ogaryovo state residence outside Moscow, July 30, 2014. REUTERS/Alexei Nikolskyi/RIA Novosti/Kremlin

Russia's President Vladimir Putin (C) chairs a government meeting at the Novo-Ogaryovo state residence outside Moscow, July 30, 2014.

Credit: Reuters/Alexei Nikolskyi/RIA Novosti/Kremlin

Related Topics

MOSCOW (Reuters) - Russia called new U.S. sanctions "destructive and short-sighted" on Wednesday and said they would only aggravate ties between Russia and the United States, already at their lowest point since the end of the Cold War over the Ukraine crisis.

"Such decisions by Washington can bring nothing but further aggravation of U.S.-Russia relations and create an utterly unfavorable environment in international affairs, where the cooperation between our states often plays a decisive role," Russia's Foreign Ministry said in a statement.

"The de-facto losses from this destructive and short-sighted policy will be quite tangible for Washington."

The United States and the European Union announced new sanctions against Russian banks, energy and defense firms on Tuesday, in carefully coordinated action against what they call Russia's instigation of a separatist uprising in Ukraine. The measures mark the start of a new phase in the confrontation between Moscow and the West, which worsened dramatically after the downing of Malaysian flight MH17 over rebel-held territory on July 17.

The West says Russian-backed rebels almost certainly shot down the airliner with a Russian-supplied surface to air missile, killing all 298 people.

The targets of new sanctions include VTB, Bank of Moscow and Russian Agriculture Bank, the U.S. Treasury said. The measures prohibit U.S. citizens or companies from dealing with debt carrying maturities longer than 90 days, or with new equity.

Five of the six largest Russian state-owned banks are now under U.S. sanctions.

(Reporting by Thomas Grove, editing by Elizabeth Piper)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (2)
pdavis68 wrote:
“Moscow says ‘short-sighted’ sanctions will aggravate Russia-U.S. ties”

Short-sighted artillery fire into Ukraine and short-sighted arming of the rebels will aggravate ties even more.

Jul 30, 2014 9:38am EDT  --  Report as abuse
JPHR wrote:
US an EU are intentionally in creasing the the tension to induce fear within their own nations. Nations in gear are a lot easier to manipulate. The objective is a US led US/EU militairy-economic power block.
http://www.clingendael.nl/publication/geopolitics-ttip
From the PDF included in that link:
“The Transatlantic Trade and Investment Partnership….a new coalition…with EU and US at its core.”
“Hillary Clinton labels TTIP as an ‘economic’ NATO”
“TTIP can renew NATO”

Jul 31, 2014 3:01am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Full focus