Russia Ready to Protect Economy, Medvedev Says

[Purveyor]

Source: Bloomberg

By Anna Andrianova and Olga Tanas Apr 22, 2014 11:39 AM ET

Russia’s government is prepared to protect its economy from the possible wider sanctions by the U.S. and its allies, Prime Minister Dmitry Medvedev said.

Crimea is being used to put political pressure on Russia, Medvedev said at the lower house of parliament in Moscow today. The government will seek to shield local businesses, minimize the effect of economic sanctions and fulfill its social obligations regardless the restrictions, he said.

“The government is ready to operate under conditions where the priority is to protect the economy and citizens from the unfriendly actions that may follow the escalated foreign-policy situation,” Medvedev said.

U.S. Secretary of State John Kerry yesterday warned Russian Foreign Minister Sergei Lavrov that “there will be consequences” if Russia doesn’t act “over the next pivotal days” to restrain separatists controlling parts of eastern Ukraine. That would threaten to tip the world’s largest energy exporter’s $2 trillion economy into recession.

Read more: http://www.bloomberg.com/news/2014-04-22/russia-ready-to-protect-economy-medvedev-says.html

[NYtoBush-Drop Dead]

1. PRepared to protect their economy...

LOL... They should take a good look at North Korea... it will be winter for a long time.

[joshcryer]

2. Hah, good luck with that.

If Russia escalates this thing and is sanctioned they will be brought to their knees.

[davidpdx]

4. Oh come on

We are suppose to worship at the alter of Putin.

[okaawhatever]

3. I wonder if one of the ways he is going to protect it is to get Sheldon Adelson to bring one of his

casinos into Crimea?