Russia preparing retaliatory sanctions against industry

by The Daily Lede

Russia is preparing new sanctions directed toward industry in response to the measures taken by western nations against Russia for the conflict in Ukraine.

First Deputy Minister of Industry and Trade, Gleb Nitkin, told Interfax News the list of new sanctions have not yet been confirmed but repeated what PM Dmitry Medvedev said at a recent press conference.

“We are ready to introduce a package of potentially protective measures against the aircraft, shipbuilding, automotive and other industries,” said Medvedev.

The Minister of Economic Development refused to comment on the drafting of the new decree.