A top Russian legislator Wednesday urged the West to stop threatening sanctions against Moscow, as the potential isolation could be mutually counter-productive.
"Threats and language of sanctions towards Russia are absolutely counter-productive. It is impossible to imagine how sanctions could isolate Russia from the global economic process," Xinhua quoted Valentina Matvienko, chairperson of the Federation Council or the upper house of the Russian parliament, as telling reporters.
She also said that the Russian economy was deeply integrated into the global economy and trade between Russia and the West was mutually beneficial.
Noting that 40 percent of Russia's imports came from the European Union (EU), and 50 percent of its exports went to the EU, Matvienko said it was hard to imagine how these trade flows could be stopped.
She said any reasonable politician must understand the Russian and Ukrainian economies are intertwined and hence Moscow cannot be detached from Ukrainian affairs.
"If a radical and neo-fascist plug in Ukraine is not stopped now, other countries will soon experience the overthrow of their authorities too," Matvienko said.
"It is time to stop speaking to Russia with the language of ultimatums. Only through political dialogue can it be possible to work out a positive agenda for Moscow and the West," she added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
