Shuvalov called the possible date of the cancellation of counter sanctions

Источник: rbc.ru
First Deputy Prime Minister Igor Shuvalov said that in case of warming relations with the West Russian sanctions can be cancelled on 31 December and market players should take this into account.
First Deputy Prime Minister Igor Shuvalov called the date of possible cancellation of the counter sanctions imposed by Russia. He did not rule out that they may be cancelled on 31 December in the event of warming relations with the West, the correspondent of RBC.

“But I guess it's time to understand that the sanctions or counter sanctions will soon expire. Anyway, in my work, I and the Minister of agriculture and Minister of the economy, most likely, must proceed from the fact that counter sanctions will be cancelled," — said Shuvalov.

According to Shuvalov, during the discussion of the EU's renewal of sanctions, Prime Minister Dmitry Medvedev decided to extend the food embargo until 31 December 2017. As the first Deputy Prime Minister explained, this was done in order to "create horizons, but not to create excessive expectations." He reminded the coming of new administration to power in the United States, adding that Russia is ready "to talk with partners as much as our partners will."

"Someone should think about this period until 31 December 2017. Will the extension occur or not – it is a political decision", — he concluded.

In November last year, Prime Minister Dmitry Medvedev, speaking at the World grain forum in Sochi, said that he did not know when counter sanctions would be cancelled. Later, President Vladimir Putin, responding to a question of one of entrepreneurs at the Action Forum of the Russian popular front promised to delay the cancellation of sanctions "as long as possible".

The EU and the USA imposed sanctions against a number of individuals and organizations in 2014 after joining the Crimea to Russia. Later, they were repeatedly expanded and extended. Russia has imposed retaliatory measures in August 2014, Russia banned the import of certain products from the USA, the EU countries, Canada, Australia and Norway. Later its effect was extended to Albania, Montenegro, Iceland, Liechtenstein and Ukraine.

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