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Monday, May 10, 2021
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Sanctions will not lead to serious consequences for Russian economy

 Russian analyst, director of Carnegie research center, Dmitri Trenin on Friday (April 16) said that U.S. sanctions recently imposed on Russia will not lead to serious and long-term consequences for the Russian economy.

Trenin linked it to Kremlin policy to increase the economic independence of Russia from the West.

Russia will respond with a mirror expulsion of American diplomats from Russia, but further steps were hard to predict as they would not be symmetrical, the analyst said.

The United States on Thursday imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market, to punish it for interfering in last year’s U.S. election, cyber-hacking, bullying Ukraine, and other alleged “malign” actions.

(Production: Anastasia Adasheva, Elena Ostrovskaya)

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