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3/15, 8:42 PM (Source: TeleTrader)
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Moscow vows 'practical response' to new sanctions

Russian Foreign Ministry condemned the new round of sanctions imposed against Moscow earlier by the United States, Canada, and the European Union, vowing that a practical response to sanctions will follow. Moscow stated that the sanctions will contribute to further deterioration of its bilateral relations. "As for our practical answer, it will certainly ensue," the ministry asserted.

Earlier today, Washington imposed sanctions of six Russian entities and eight persons, while Canada stated it will sanction more than 100 Russian individuals and 15 entities due the alleged Russian violations of the international law related to the incident in Kerch Strait. The US State Department stated that the companies sanctions will include six defense companies from Russia involved in November's elections in east Ukraine and two Russian energy and construction firms operating in Crimea.

In November, Russia seized three Ukrainian ships attempting to sail through to Kerch Strait into the port of Mariupol. Russian President Vladimir Putin called the incident "a provocation" and stated that some of the crew were members of the Ukrainian intelligence.

Breaking the News / SS