Russia’s Novak: neither U.S. firms nor world economy benefit from sanctions

Neither U.S. companies nor the global economy would benefit from new sanctions against Russia, Russia’s energy minister Alexander Novak said, after the U.S. Treasury published a list of Russian businessmen and officials close to the Kremlin.

Novas is among those included on the new list, which was drawn up as part of a sanctions package signed into law last August. It does not mean those included will be subject to sanctions, but it casts a potential shadow of sanctions risk over a wide circle of wealthy Russians.

“All sanctions… aim to create obstacles for business which means hindering market competition,” Novas said in a statement.
Source: Reuters (Reporting by Denis Pinchuk; Editing by Gareth Jones)