Russia working on defensive measures to counter possible new U.S. sanctions: Kremlin

Russia working on defensive measures to counter possible new U.S. sanctions: Kremlin

Russia is working on defensive measures to prepare for possible new sanctions from the United States and other countries, the Kremlin said on Wednesday.

On Wednesday, the Kremlin was asked to comment on media reports that Russian state development bank VEB planned to transfer its Globex bank to the state and about speculation that the bank would then be used to service the military industrial complex to try to protect Russia from new sanctions.

“We are working on and taking measures aimed at defending our interests against a backdrop of possible new restrictive actions and sanctions by various countries, which we continue to deem unlawful,” Kremlin spokesman Dmitry Peskov told a conference call with reporters.

He did not mention Globex bank.

“It would probably not be right now to make public or disclose all these measures aimed at hedging our risks,” Peskov said.