ANI
11 Jul 2025, 19:37 GMT+10
Moscow [Russia], July 11 (ANI): Moscow will adapt if the United States imposes 500% secondary tariffs on Russian trade partners and such punitive measures will not sway the country from its sovereign path, Russian Deputy Foreign Minister Sergey Ryabkov has said, RT reported.
Responding to questions from journalists on Thursday about the proposed tariffs, Ryabkov said, 'The hypothetical arrival of some new measure, in the form you described, will require additional analysis and reflection, but will not radically change the picture.' According to RT, Ryabkov also noted that more than 30,000 sanctions have already been imposed on Russia by foreign states.
US President Donald Trump earlier this week said he is 'very strongly' considering supporting legislation that would impose the massive 500% levies. RT reported that the legislation was introduced by Senator Lindsey Graham and is aimed at compelling Moscow to make concessions regarding the Ukraine conflict.
Western nations began imposing sweeping sanctions on Moscow after the Ukraine conflict escalated in 2022, targeting key sectors of the Russian economy. Moscow has repeatedly denounced these sanctions as illegal and counterproductive, RT noted.
Russian President Vladimir Putin, speaking at the Eurasian Economic Union summit in Minsk last month, said that the sanctions are causing more damage to the West than to Russia. 'The more sanctions are imposed, the greater the damage to the imposers,' he said, according to RT.
Putin further asserted that Western restrictions have reshaped Russia's economy by creating opportunities for domestic firms to replace foreign companies. 'Ultimately, these sanctions have changed the quality of the Russian economy,' he said. 'Russia has only grown more resilient faced with the unprecedented sanctions,' RT reported.
Despite the pressure, Russian officials maintain that Moscow will stay the course and not be coerced into altering its foreign or domestic policies by external economic threats. (ANI)
Get a daily dose of Russia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Russia Herald.
More InformationBASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
Mumbai (Maharashtra) [India], July 11 (ANI): Bollywood star Ajay Devgn on Friday reacted to the backlash over Diljit Dosanjh-starrer...
Texas [US], July 11 (ANI): US President Donald Trump and First Lady Melania Trump are visiting west-central Texas today to meet families...
Bhubaneswar (Odisha) [India], July 11 (ANI): Congress chief Mallikarjun Kharge on Friday launched a scathing attack on Prime Minister...
Moscow [Russia], July 11 (ANI): Moscow will adapt if the United States imposes 500% secondary tariffs on Russian trade partners and...
Dhaka [Bangladesh], July 11 (ANI): Bangladesh and the United States have made progress in their tariff talks, with both sides agreeing...