The Kremlin criticized the West for behaving like “bandits” when cutting economic ties because of the Ukraine war, asserting that Russia is too big to be isolated.
“Against the backdrop of economic robbery taking place around the world, as you know, an appropriate response is required,” Kremlin spokesman Dimitry Peskov told a news conference on March 5. Peskvo has not announced the retaliatory measures, but insists they will be in the interests of Russia.
The Kremlin spokesman warned that if the US imposes sanctions on Russia’s energy exports, this decision will cause a significant shock to the energy markets. Russia is one of the largest gas suppliers to Europe.
Peskov insisted that Russia is not isolated. “The world is too big for the US and Europe to isolate one country, it’s even harder for a country as large as Russia,” the Kremlin spokesman said.
Kommersant newspaper reported that Russian officials are preparing a plan with priority activities to support the economy in the context of sanctions. The plan also proposes abolishing penalties for using unlicensed software.
After Russia on February 24 opened a special military operation with the goal of “de-arming and de-fascistizing Ukraine”, the US and Europe issued many sanctions. These measures include removing several Russian banks from the SWIFT global financial system, crippling Russia’s central bank assets and closing airspace to Russian planes.
France, Germany and Italy have seized the superyacht of Russian tycoons under Western sanctions. US President Joe Biden said the country will seize yachts, luxury apartments and private jets of the rich Russians.
Russia claims the Western embargo does not change its position on Ukraine, and closes its airspace to aircraft from more than 30 countries and territories in response. Russia’s parliament on March 4 passed a law “protecting the economy and people from foreign sanctions”.
Nguyen Tien (According to Reuters, TASS)