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 Sanctions against Russia yield no desired results, - White House

Sanctions imposed by the U.S. and its partners against Russia over the Ukrainian issue exert significant impact on the Russian economy but have not brought the desired results so far.

White House spokesman Josh Earnest said at today's press briefing, Censor.NET reports citing Interfax-Ukraine.

Read more: Germany considers expansion of EU sanctions against Russia over its behavior in Syria, - The Wall Street Journal

Ukraine-related sanctions fail to yield the desired results but nevertheless have an impact on Russian economy, he said, adding that Russia is paying price for its actions in Ukraine.

Earnest recalled that the sanctions are intended not to affect the Russian economy but to change the Kremlin's stance on the Ukrainian issue.

Read more: US to ponder more sanctions against Russia over Syria

As previously reported, in 2014, the European Union, the United States and several other countries imposed sanctions against Russia in connection with the occupation of Crimea and aggression in eastern Ukraine. These restrictive measures were repeatedly extended and expanded. In particular, the talks on visa waiver and a new basic agreement on cooperation were suspended; several Russia's officials were banned to travel to the EU while their assets were attached. Trade, financial, and military restrictions were introduced.

The sanctions list included a total of 151 individuals and 37 entities. The sectoral sanctions were imposed against 20 Russian financial, oil-producing and defense companies.

The Russian Federation introduced a package of retaliation restrictions against the EU, the U.S., Australia, Canada, and Norway in August 2014. The so-called counter-sanctions prohibited imports of fruit, vegetables, as well as dairy and meat products to Russia from these countries for a one-year period.
 
 
 
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