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Russia fights back after US, EU sanctions, bans Polish fruit and vegetables

Published on Jul 30, 2014 10:10 PM
 
Russia's President Vladimir Putin (centre) chairs a government meeting at the Novo-Ogaryovo state residence outside Moscow on July 30, 2014. Russia fought back on Wednesday, July 30, 2014, over new United States and European Union sanctions imposed over Ukraine, where fighting between Moscow-backed rebels and government troops has intensified since a Malaysian airliner was shot down. -- PHOTO: REUTERS

MOSCOW/KIEV (Reuters) - Russia fought back on Wednesday over new United States and European Union sanctions imposed over Ukraine, where fighting between Moscow-backed rebels and government troops has intensified since a Malaysian airliner was shot down.

The worst confrontation between Moscow and the West entered a new phase this week since the United States and European Union took by far the strongest international steps yet against Moscow over its support for Ukraine's rebels.

New EU and US sanctions unveiled on Tuesday restrict sales of arms and equipment for the oil industry, while Russian state banks are barred from raising money in Western capital markets.

Moscow called the sanctions "destructive and myopic" and said Europe and the United States would suffer. On Wednesday it banned imports of Polish fruit and vegetables and said it might expand the ban to the entire EU. Russian banks said they would seek financing in Asia. Novatek, a big Russian gas company that works with French company Total, said it was studying the impact of sanctions on its international joint ventures.

 
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