Support The Moscow Times!

Russia Shrugs Off Latest U.S. Sanctions

Putin's spokesman Dmitry Peskov. Sergei Savostyanov / TASS

The Kremlin on Friday dismissed a new package of U.S. sanctions, saying Russia had learned to "overcome" such economic hurdles since the Ukraine conflict began.

Washington on Thursday sanctioned several Russian energy and finance companies as well as individuals and firms in Turkey, China and the United Arab Emirates it said were supporting Russia's offensive against Ukraine.

"Of course, sanctions create additional problems. But I will repeat once again, we have adapted to sanctions... We have learned how to overcome them," Kremlin spokesman Dmitry Peskov said.

A massive hike in military spending and redirecting vital energy exports to China and India has helped Moscow avoid the West's early hopes that sanctions could push Russia into economic collapse.

However, hundreds of Western companies have left Russia since it launched its assault on Ukraine last February, and a volatile currency and high inflation continue to cause concern among Russian policymakers.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more