Russia tells West to end threats

Image
IANS Moscow
Last Updated : Mar 05 2014 | 7:37 PM IST

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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 05 2014 | 7:30 PM IST

Next Story