Russia Speaks Out Against EU and US Sanctions

Russia has condemned new US and EU sanctions that have been imposed over Moscow’s actions in Ukraine.

Deputy Foreign Minister Sergei Ryabkov said “Iron Curtain”-style US sanctions might harm its hi-tech sector and that the EU was “under Washington’s thumb”.

Russia had no intention of invading eastern Ukraine, where separatists have seized government buildings, he added.

Later, the regional governor’s headquarters in the city of Luhansk, near the Russian border, was stormed.

The AFP news agency reported that a crowd of more than 3,000 people, led by about 20 youths armed with metal bars, was attempting to take over the building.

Police were firing tear gas in an effort to push them back, Interfax-Ukraine said.

Pro-Russia activists seized the Security Service of Ukraine building in Luhansk three weeks ago.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza