APN News

  • Wednesday, July, 2018| Today's Market | Current Time: 05:45:44
  • Putin shrugs off US sanctions but holds off on reprisals

    Russian President Vladimir Putin on Friday made light of the latest US sanctions against his aides over the Ukraine crisis, saying putin goodMoscow would hold off on reciprocal punitive measures.

    “You know, both in the first case — the American sanctions — and in the second case — the introduction of a visa regime with Ukraine — I think we should for now hold off on reciprocal steps,” Putin told a meeting of his Security Council.

    US President Barack Obama yesterday announced fresh punitive measures against 20 lawmakers, officials and billionaires believed to be close to Putin.

    In Moscow, targeted officials derided the measures even though a new round of sanctions proved biting, with shares tumbling and ratings agencies Standard and Poor’s and Fitch changing Russia’s outlook to negative from stable. Putin also signed off on legislation completing a legal procedure to absorb Crimea into Russia after the upper house of parliament ratified a treaty on the peninsula.

    The president ordered the incorporation of the Russian-speaking peninsula to be celebrated today with firework displays over Moscow and the Crimean cities of Simferopol and Sevastopol, which hosts the Russian Black Sea fleet, his spokesman said.

    Putin also said he would open an account with a bank targeted by the Washington sanctions, which came in response to Kremlin’s decision to send troops to Crimea and subsequent move to make it part of Russian territory.

    Putin said he would task his aides with transferring his salary to Bank Rossiya described by Washington as a “crony bank” for the Russian elite.

    “No doubt we should not only protect but also render every possible assistance to the bank’s clients,” Putin added, speaking to Russian journalists.

    Putin, known for his dark sense of humour, also suggested he should steer clear of the officials targeted by the US. “You have to stay away from them, they are compromising us,” he said to laughter.