Europe

Russia says west ‘struggling’ with sanctions

Moscow has managed to turn the tables on the west when it comes to sanctions placed on Moscow, the Kremlin has announced, arguing that a myriad of restrictions failed to crash the Russian economy.

“The Westerners are struggling because they are seeing that the sanctions are not hitting [us] as they were supposed to,” Kremlin spokesman Dmitry Peskov told broadcaster VGTRK.

“Moreover, as always, the Russians have managed to find ways to benefit from them.”

Peskov stressed, however, that Moscow would stay vigilant and closely monitor all restrictions imposed by the West because the “are no lengths they would not go” just to hurt Russia.

The US and many of its allies have imposed sweeping sanctions on Moscow in response to its military operation in Ukraine, targeting Russia’s financial and energy sectors, among other spheres. However, the Western officials have repeatedly admitted that the negative impact of the penalties on Russia has not been as significant as expected.

Nevertheless, the EU is currently working on the 12th round of sanctions, which RFE/RL described on Friday as “weakest EU sanctions package to date on Russia”.

Speaking at a government meeting in September, Russian President Vladimir Putin said that although the sanctions had “slowed down” certain economic projects, they also were “stimulating development”. Russian officials have said that foreign restrictions have ultimately failed to tank the country’s economy, instead providing an opportunity to boost domestic production and reroute existing trade.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Recent Posts

Advisor to Iran leader: Tehran ready for talks, but won’t give in to pressure over nuclear issue

Kamal Kharrazi, the head of Iran's Strategic Council on Foreign Relations and an advisor to…

6 hours ago

President Pezeshkian says Tehran committed to complete North-South transit corridor

Iran's President Massoud Pezeshkian has reaffirmed the Iranian government's commitment to completing the North-South transit…

6 hours ago

Art event brings diplomats, artists and ordinary citizens together inside Iranian Foreign Ministry

An artistic event titled Autumn-Leaf was held in Meydan Mashgh, within Iran’s Foreign Ministry’s premises…

9 hours ago

North Korea preparing to ship more forces, drones to Russia: S. Korea

North Korea is preparing to deploy additional troops, weapons and other military equipment, including drones,…

9 hours ago

Iran, E3 set to resume talks in January: Spokesman

Foreign Ministry spokesman Esmaeil Baqaei has stated that a fresh round of talks between Iran…

9 hours ago

Legendary Iranian actress, voice performer Zhaleh Olov passes away

Zhaleh Olov, a celebrated actress of Iranian cinema, theater, television, and a renowned radio voice…

11 hours ago