Support The Moscow Times!

Russia's Economy Can Weather New U.S. Sanctions, Kremlin Says

Kremlin.ru

The Kremlin said on Thursday that Russia's economy could cope with any new U.S. sanctions, adding that it had demonstrated macroeconomic stability and even achieved growth while facing punitive measures from the West.

The Kremlin comments came a day after U.S. senators introduced a bill seeking to punish Russia for meddling in U.S. elections and for its aggression in Ukraine by imposing sanctions on its banking, energy sector and foreign debt.

Kremlin spokesman Dmitry Peskov said the legislation would flout international trade law and be an act of unfair competition aimed ultimately at helping U.S. business. He said it had been drafted by U.S. senators hostage to anti-Russian sentiment.

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