Russia to widen trade, economic ties with Asia after Western sanctions By Reuters

2/2© Reuters. FILE PHOTO: A view shows stacked shipping containers next to trees at a port in the Baltic Sea town of Baltiysk in the Kaliningrad region, Russia October 28, 2021. REUTERS/Vitaly Nevar2/2

MOSCOW (Reuters) - Russia's economy ministry on Friday said it was working on measures to minimise the effect of Western sanctions imposed after Russia's invasion of Ukraine and would be stepping up trade and economic ties with Asian countries.

"We understand that the sanctions pressure we have faced since 2014 will now intensify," the ministry said. "The rhetoric of some of our foreign colleagues was such that we have been ready for potential new sanctions for a long time."

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!