NEWSWATCH: “Russia is opposed to ‘sanction-swapping’ with the U.S. – but is prepared to defend itself, finance minister says” – CNBC

Anton Siluanov file photo

“Russia stands ready to retaliate against the latest round of U.S. sanctions … Finance Minister Anton Siluanov [said] …. The U.S. slapped sanctions on several Russian oligarchs, businesses and agencies thought to have ties to … Putin …. prompt[ing] a dramatic market sell-off in Moscow …. Siluanov told CNBC: ‘We are not in favor of sanction-swapping. Nevertheless, our MPs (members of parliament) have drafted legislation that would allow us to introduce certain restrictions, both on exported goods and on goods imported into the country. … I very much hope that these sanctions processes do not develop any further. We need to talk, we need to find agreements, we need to look for ways out …’ ….”

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[featured image is file photo from another occasion]