Arab Today, arab today russia hit by \real economic pain\ over crimea
Last Updated : GMT 12:50:22
Arab Today, arab today
Arab Today, arab today

Russia hit by \'real economic pain\' over Crimea

Arab Today, arab today

Arab Today, arab today Russia hit by \'real economic pain\' over Crimea

Washington - AFP

Russia's intervention in Crimea has cost it "real economic pain," the United States said Wednesday as it readied a new slew of sanctions to punish Moscow for taking over Ukraine's southern peninsula. "The question at this point is not if we will do more sanctions, it's when," State Department spokeswoman Jen Psaki told reporters. On Monday, Washington rolled out a series of sanctions against 11 mostly Russian officials, including seven of President Vladimir Putin's inner circle. Psaki insisted there has been "a huge economic impact" following Moscow's intervention in Crimea. Asked about reports that the whole 450-member Russian Duma has responded by calling on the US to sanction them, Psaki retorted: "Be careful what you ask for." Publicly, Russian officials have laughed off the US sanctions, which freeze their assets in the US, despite similar travel bans and sanctions imposed by the EU. But Psaki hit back "that there is real economic pain, and if President Putin cares about the economy in his country, cares about the economic impact on the people of his country, cares about his place in the world, then those are all factors that should be looked at." She reeled off a list of figures, including that Russian stock indexes plunged 17 percent Friday to their lowest levels since 2009, and that the ruble has hit a five-year low against the dollar. "Russia's 19 richest people lost $18.3 billion due to stock market volatility on March 3 -- the first day of trading after the beginning of Russian military intervention in Crimea," Psaki told reporters. "More capital has already fled Russia this year than in all of 2013. And finally, forecasts for Russia's 2014 growth rate hover around under one percent. Some even predict a negative growth rate." It remains unclear when more US sanctions could follow, but President Barack Obama has called for the EU and the G7 group of most industrialized nations to meet on Ukraine next week in The Hague. Britain announced Tuesday that it had suspended all military cooperation with Russia and halted export licences for military material. And Germany halted a major deal to provide a fully equipped training camp to Russian forces reportedly worth about $140 million. US officials hope that they can force Putin's hand by keeping up the threat of even more sanctions. "I wouldn't, if I were you, invest in Russian equities right now -- unless you are going short," White House spokesman Jay Carney said earlier this week.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia hit by \real economic pain\ over crimea Arab Today, arab today russia hit by \real economic pain\ over crimea

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday