5/4, 5:15 PM (Source: TeleTrader)
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Western sanctions 'gesture of despair' - Russia

Russian Foreign Ministry spokeswoman Maria Zakharova (pictured) stated on Tuesday that sanctions from the United States and Europe were a "gesture of despair" and would have a negative impact on Russian and Western economies.

During an interview with Russia Today, Zakharova asserted that the "escalation of mutual sanctions pressure has a complex negative impact" on the economies, further commenting that while damage estimates "vary and are subjective," it could amount to "hundreds of billions of dollars" lost. Moreover, she added that restrictions undermine the "mutual trust between Moscow and the West," harming plans for a normalization of relations.

Zakharova's comments come at a low point in Russia's relations with the West, as the European Union is set to officially discuss the bloc's policies towards the country and its response over Russia's entry ban on EU diplomats.

Breaking the News / OL