On the one hand, the Russian embargo was supposed to be a “punishment” for Western exporters for the sanctions imposed on Russia. On the other hand, it was supposed to serve as a tool to support domestic production. However, in the end Russia failed in both areas.
The US Department of the Treasury, pressured by the U.S. Congress, imposed a new round of sanctions against seven Russian oligarchs, 12 companies under their control, and 17 high-ranking government officials.
The banking sector of Belarus, already shaken by the US sanctions that affect the local subsidiaries of Russian leading state-owned lenders, will face further problems if the US administration adopts new restrictions against Russia's richest businessmen.
Before the general elections in Germany, representatives of all the major political parties declared that improving relationships with Russia was important for them. The majority supported at least a partial lifting of sanctions against Russia.
The Czech Republic sees Russia as one of its key trade and economic partners and would like to curb current negative trade dynamics, Czech Minister of Industry and Trade Jan Mladek told the Russian news agency TASS.