Additional U.S. sanctions damage bilateral ties between Moscow and Washington but Russia's financial system is resilient to external pressures, Finance Minister Anton Siluanov said Saturday.
U.S. President Donald Trump has imposed another round of sanctions on Russia over the poisoning of a former spy in Britain, the White House said Friday.
"Russia's economy has already proved to be resilient to external restrictions in recent years," Siluanov said.
He added: "With regard to the public debt and corporate debt, we are confident that the financial system we have created allows us to meet the needs of the budget and enterprises in borrowed resources."
The U.S. State Department said in a statement that with the new round of sanctions Washington will oppose the extension of any loan or financial or technical assistance to Russia by international financial institutions.
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.
Remind me later.