Support The Moscow Times!

Russia Shrugs Off Latest U.S. Sanctions

Putin's spokesman Dmitry Peskov. Sergei Savostyanov / TASS

The Kremlin on Friday dismissed a new package of U.S. sanctions, saying Russia had learned to "overcome" such economic hurdles since the Ukraine conflict began.

Washington on Thursday sanctioned several Russian energy and finance companies as well as individuals and firms in Turkey, China and the United Arab Emirates it said were supporting Russia's offensive against Ukraine.

"Of course, sanctions create additional problems. But I will repeat once again, we have adapted to sanctions... We have learned how to overcome them," Kremlin spokesman Dmitry Peskov said.

A massive hike in military spending and redirecting vital energy exports to China and India has helped Moscow avoid the West's early hopes that sanctions could push Russia into economic collapse.

However, hundreds of Western companies have left Russia since it launched its assault on Ukraine last February, and a volatile currency and high inflation continue to cause concern among Russian policymakers.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more