Ryabkov Defiant: 500% Tariffs Won’t Sway Russia
Deputy Foreign Minister Sergey Ryabkov has dismissed the threat of 500% secondary tariffs from the US, asserting that Russia’s course will remain unchanged. He highlighted the already staggering number of sanctions imposed on Russia – over 30,000, according to his statement.
Ryabkov’s comments echo President Putin’s earlier assessment that Western sanctions have inflicted greater harm on the imposing nations than on Russia itself. This claim, reported by RT, underscores the Kremlin’s unwavering stance.
This defiant posture from Moscow raises significant questions about the efficacy of escalating economic pressure tactics. The ongoing geopolitical tensions, fuelled by this exchange, are likely to further impact global trade and energy markets, with ripple effects felt acutely across India’s economy. The implications for Indian businesses engaged in trade with either Russia or the US demand close monitoring.
