Photo: Safron Golikov / “Kommersant”
The Finance Ministry has prepared a plan of measures to reduce the impact of foreign sanctions on the Russian economy. According to “Kommersant”, the document has been approved by the first Vice Prime Minister, Minister of Finance Anton Siluanov.
The plan consists of five thematic blocks and 17 points. Among them, in particular the development of strategies to reduce the use of the dollar in foreign trade transactions and the transition to settlements “mostly in the national currency”. Part of that plan will be the reduction of Central Bank reserves in us bonds.
Another unit is devoted to access of entities under sanctions, in the domestic financial market other unit — antitrust — designed to limit “unfair competition from foreign countries.” It is noted that in the framework of work in this direction has already increased duties on certain goods from the United States.
Separately, the Finance Ministry should prepare a draft of retaliatory sanctions against Ukraine, which includes the ability to block the assets of individuals, including politicians, members of the government and law enforcement officers.
In early April, the US Treasury imposed new restrictive measures against Russian companies, officials, public managers and businessmen. June 11, in the sanctions list were three of the Russian company. And on 17 July the speaker of the house of representatives Paul Ryan said that the US can impose on Russia next package of sanctions if the Congress deems it necessary.
The law of counter-sanctions against the US and its allies, the state Duma adopted on may 22. It has caused widespread controversy in the political environment. As a result, after a series of discussions from the law were excluded the mention of specific industries, goods and services, and a list of possible countermeasures is reduced. President Vladimir Putin signed it on 4 June.
In early July, Prime Minister Dmitry Medvedev signed a decree on the introduction of Russia offsetting measures in response to the application of additional U.S. import duties on steel and aluminum.
Video, photo All from Russia.