Ukraine crisis: Russian Finance Minister says Moscow will not bail out company owners
Published on Mar 20, 2014 7:34 PM
MOSCOW (REUTERS) - Russia will not bail out companies who may face financial difficulties, Finance Minister Anton Siluanov said, as business owners worry about the impact of western sanctions over the government's moves to annex Crimea.
German Chancellor Angela Merkel said on Thursday that European Union leaders would signal at a summit later in the day their readiness to ramp up punitive measures against Russia, including politically sensitive economic sanctions.
The west is responding to Moscow's decision to make the Ukranian region of Crimea part of Russia.
"We will watch how the situation develops, in what direction both our economy and the situation in the financial sector go," Siluanov told a local business conference on Thursday.
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