16 hours ago
- Business
- New Indian Express
We will cope with US sanctions: Russian Foreign Minister on Trump's 100 per cent tariff threat
TIANJIN: Russian Foreign Minister Sergey Lavrov on Tuesday downplayed US President Donald Trump's threat to impose 100 per cent tariffs on Russia and its trading partners, asserting that Moscow is well equipped to withstand additional sanctions.
Addressing a press conference after the meeting of the Foreign Ministers Council of the Shanghai Cooperation Organisation (SCO) here, Lavrov underlined that Russia is already under an unprecedented number of sanctions and expressed confidence in the nation's ability to cope with any new burdens.
"The number of sanctions announced against us is already unprecedented. We are coping; I have no doubt we will cope (with the possible US sanctions)," he said.
This conclusion is based in particular on the assessment and the analysis of many independent Western economists and politicians, he said.
Trump has threatened to impose import tariffs at about 100 per cent on Russia and its trading partners if Moscow fails to reach an agreement with the US on the settlement in Ukraine within 50 days.
