Russia's Lavrov: Will retaliate in case Britain imposes new sanctions on Moscow
|Russian Foreign Minister Sergei Lavrov said on Wednesday that Russia will retaliate should Britain decide to impose new sanctions against Moscow over the conflict with Ukraine, as reported by Reuters.
Last Thursday, Britain published new legislation to allow the government to impose tougher sanctions.
"The UK can now sanction not just those linked directly to the destabilisation of Ukraine, but also Government of Russia affiliated entities and businesses of economic and strategic significance to the Russian government, as well as their owners, directors and trustees," a foreign office statement said.
Market reaction
The GBP/USD pair edged lower on this headline and was last seen posting small daily gains at 1.3556.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.