Russia dismisses new U.S. sanctions: You will never defeat Moscow

Published November 03,2023

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Russia on Friday dismissed new U.S. sanctions over the conflict in Ukraine, saying that the United States would by no means defeat Moscow, whereas the boss of Russia’s quickest rising pure fuel firm quipped the sanctions had been a badge of success.

The United States on Thursday focused Russia’s future power capabilities, sanctions evasion and a suicide drone that has been a menace to Ukrainian troops and gear, amongst others, in sanctions on a whole bunch of individuals and entities.

“This is a continuation of the policy of inflicting as they call it – a strategic defeat on us,” Maria Zakharova, a spokeswoman for the Russian overseas ministry, instructed Russian state tv when requested in regards to the new sanctions.

“They will have to wait in vain forever before that happens.”

Western leaders and Ukraine have repeatedly stated they search to defeat Russia on the battlefield, although some Western leaders have denied what President Vladimir Putin says is a Western plot to carve up Russia and steal its pure sources.

Putin is girding the $2.1 trillion economic system for an extended conflict and Western hopes of stoking a swift Russian financial disaster with among the hardest sanctions ever imposed haven’t been realised.

The International Monetary Fund forecasts Russian progress of two.2% this yr – sooner than both the United States or the Euro space – although the Fund final month lowered its forecast for 2024 progress to 1.1%.

The West has frozen a whole bunch of billions of {dollars} of Russian cash, however Putin has joked that the sanctions haven’t stopped the import of Western items akin to luxurious Mercedes to Russia and that Moscow will work to undermine the sanctions by shopping for what it desires on international markets.

The U.S., itself a big LNG producer that exports to Europe, can be attempting to scale back Russia’s LNG shipments to Europe, which has solely banned Russian fuel despatched by way of pipeline.

The Arctic-2 LNG venture – focused by the brand new sanctions – had been anticipating to begin exporting quickly and it’s unsure how a lot Russian LNG will now be blocked.

The largest Russian LNG producer Novatek NVTK.MM stated in September it might begin shipments from Arctic-2 LNG early subsequent yr.

Leonid Mikhelson, the pinnacle of Russian pure fuel producer Novatek, instructed a convention within the Uzbek metropolis of Samarkand that the U.S. sanctions had been a badge “of our professionalism”.