Source Pravda.Ru

Russia develops most stringent law in response to US sanctions

Russian senators (the Council of the Federation) upheld the bill providing for the introduction of restrictions on cooperation between Russia and the United States in the export of titanium and in space activities, deputy chairman of the Federation Council Committee on International Affairs, Andrei Klimov said.


Fillon on Russia: Superpower cannot be beaten with sanctions

"Russia's responses to unfriendly US actions should be systemic in nature, and the draft law envisages such a systemic nature," Klimov told the Izvestia newspaper.

In particular, Russia may restrict supplies of titanium to Boeing Corporation. Presently, titanium exports to the USA are operated by VSMPO-Avisma. According to various experts, the US aircraft construction industry depends on the export of titanium from Russia on the level of 40-60% of the total amount.

At the same time, the Russian authorities realise that such countermeasures should not harm Russian producers. To avoid such a situation, the document will be coordinated with representatives of Russian business circles.

It appears that the bill on sanctions against the US will be one of the most stringent ones, but it still has to go through approvals.

Pravda.Ru

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