SMRs and AMRs

Wednesday, August 06, 2014

Putin Urges Economic Retaliation for Sanctions Over Ukraine Conflict

By NEIL MacFARQUHAR and ANDREW ROTH, NYT, AUG. 5, 2014

MOSCOW — Russia should retaliate against the economic sanctions being imposed on the country over the Kremlin’s Ukraine policy, President Vladimir V. Putin said Tuesday. His was the strongest endorsement yet for calls in Russia to ban everything from major Western accounting firms to overflights by European airlines to frozen American chickens.

Mr. Putin said that Russia should signal that it finds the economic sanctions offensive, but that it should do so without harming Russian consumers.

“The political tools of economic pressure are unacceptable and run counter to all norms and rules,” he was quoted as saying by Russian news agencies.

He noted in a meeting with a local governor south of Moscow that the Russian government had already proposed a number of measures “in order to protect the interests of national manufacturers of consumer goods,” the agencies reported. Dmitri A. Medvedev, the prime minister, was also quoted on Tuesday as saying, “We need to discuss possible retaliatory measures.”

(More here.)

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