Russian Diplomat Says US and EU Are Friends

Russia continues to see the U.S. and Europe as partners, not adversaries, a Russian diplomat told CNBC on Wednesday, shortly after Western powers sharply escalated economic sanctions against Moscow.

“We address even the U.S. as our partners, so Europeans are definitely our partners as well. We’ll try to continue to do our best to be partners in business, diplomacy, prevention of natural disaster, green economy. Partners everywhere,” said Leonid Moiseev, Russian ambassador to Singapore.

On Tuesday, U.S. President Barack Obama joined the European Union in toughening economic pressures on Russia, seeking to pressure the Kremlin to abandon its support for separatists in Ukraine.

The latest American measures target major sectors of the Russian economy, including energy, defense and finance. The sanctions target five of Russia’s six largest state-owned banks and aim to limit their access to U.S. debt markets.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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