Russia on Wednesday has warned United States and other Western countries that it is working on a response to their sanctions which would be felt in their most sensitive areas.
Recall that the United States and the European Union had sanctioned Russia due to its invasion of Ukraine on February 24.
The director of the foreign ministry’s department for economic cooperation, Dmitry Birichevsky was quoted as saying “Russia’s reaction will be swift, thoughtful and sensitive for those it addresses.” RIA news agency reports.
The president of the United States, Joe Biden had imposed a ban on the Russian oil and other energy imports on Tuesday.
Russia had warned that the price of oil would skyrocket to 300 dollars per barrel if the United States and European Union banned imports of crude from its country.
Meanwhile the United States has announced it’s intention to resume legal proceedings to seize over $150 million allegedly laundered by Kebbi State Governor Atiku Bagudu.
According to Bloomberg, Bagudu tried to make an out of court settlement with the US but failed.
The United States alleged that the governor was part of a gang controlled by Sani Abacha which misappropriated billions of dollars from state coffers in the 1990s.
A UK court had frozen the family investment in 2014 following a request from the United States. Read more