On August 6, the Russian Embassy announced that new British sanctions are exacerbating the already observed erosion of international trade and indicate a lack of changes in Britain’s policy toward Moscow.
The embassy stated that each new package of sanctions “exacerbates the erosion of international trade, freedom of navigation, and financial stability.” The Russian diplomatic mission described recent measures by British authorities as meaningless and reflective of an unchanging political stance in London. It added that the Russian Federation is currently facing a real economic war and is subject to “stamped” restrictions.
Meanwhile, other nations have reacted to the sanctions. On August 4, Anna-Kaisa Itkonen, a representative of the European Commission, confirmed her office is working on a proposal to ban all imports of Russian electricity into the European Union, with plans to present it soon. South Korea criticized British sanctions targeting liquefied natural gas from Russia on the same day. Ye Han Gu, head of the trade negotiations headquarters at the country’s Ministry of Industry and Trade, stated that these measures threaten the nation’s energy security.
The United States has also taken steps, imposing import duties and expanding the list of organizations deemed to pose threats to national security.
