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U.S. Unlikely to Levy Extensive Sanctions vs Russia: Ulyukaev 2014-03-12 16:40:31.709 GMT
By Elena Mazneva March 12 (Bloomberg) -- Russian Minister of Economic Development Alexei Ulyukaev says some “individual” sanctions are more likely from U.S.; adds it’s possible to introduce them because Russia, U.S. trade volumes aren’t very large compared to EU-Russia trade. * Ulyukaev comments in interview on state TV * Says it’s too difficult for EU to introduce sanctions against Russia because of trade volumes * Officials “at national level” in each European country are willing to work w/ Russia, unlike officials in Brussels: Ulyukaev * Sanctions from Russia vs EU, U.S. cos. not best way to answer: Ulyukaev * Russia should actively seek to sign export contracts in rubles or contract partners’ currencies, especially Russian oil & gas cos.: Ulyukaev * Russia already has successful experience in local currency transactions w/ China, India, Turkey, Vietnam
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To contact the reporter on this story: Elena Mazneva in Moscow at +7-495-771-7729 or emazneva@bloomberg.net To contact the editors responsible for this story: Will Kennedy at +44-20-7073-3603 or wkennedy3@bloomberg.net Benjamin Dow