January 30, 2018 / 4:18 PM / in 5 months

Russia's Novak: neither U.S. firms nor world economy benefit from sanctions

MOSCOW (Reuters) - Neither U.S. companies nor the global economy would benefit from new sanctions against Russia, Russia’s energy minister Alexander Novak said on Tuesday, after the U.S. Treasury published a list of Russian businessmen and officials close to the Kremlin.

FILE PHOTO - Russian Energy Minister Alexander Novak addresses a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. REUTERS/Heinz-Peter Bader

Novas is among those included on the new list, which was drawn up as part of a sanctions package signed into law last August. It does not mean those included will be subject to sanctions, but it casts a potential shadow of sanctions risk over a wide circle of wealthy Russians.

“All sanctions... aim to create obstacles for business which means hindering market competition,” Novas said in a statement.

Reporting by Denis Pinchuk; Editing by Gareth Jones

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