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Sergei Mironov: whom will the sanctions hurt more? 04 августа 2014 Sergei Mironov, Chairman of Party A JUST RUSSIA and the Head of the State Duma party faction made comments on coming into effect of the new European Union sanctions against Russia. The politician thinks that as for the European Union leaders, they do realize that all economic restrictions are double-ended in our modern world. "That is why they declare about their intention to pay careful attention to the situation so that the sanctions might give "the expected result" or in other words, they are going to monitor the sanctions to avoid a boomerang effect which would harm the initiators of their imposing more than Russia itself," stressed the politician. According to the parliamentarian, the Russian State financial institutions seem to be prohibited to place the new issues of shares, Eurobonds and the security papers of this kind on the EU markets. All the supplies to Russia of the definite types of equipment and technologies connected with the power industry will have to get prior approval from the appropriate authorities of the European Union countries. "They plan to introduce "an arms embargo" on the arms export-import operations with Russian," said the politician. Moreover, the rhetoric of some EU politicians is also rather interesting: once the European Union will become "satisfied" with the behavior of Russia regarding Ukraine, they claim their readiness to stop the sanctions against Russia". "Does the EU want its "overseas elder brother" to like it? Maybe, imposing of the sanctions is for the European Union just an attempt to distract the attention of its citizens from a rather complicated situation in the European countries at present? Mr. Mironov said. The politician is sure about one thing: "The answer was clear for the majority of us long ago. At present the European Union has demonstrated the whole world its inability to have a proper perception and understanding of the global economy because the sanctions are sure to do a rather serious damage to the European Union itself." "It is not only the legal or trade relations that the sanctions are going to hurt. They will do damage to the citizens, and I really doubt that the Europeans are likely to tolerate them even in favor of the appealing slogans about justice and harmony, and the so-called ‘initiators of the sanctions’ will have to take the consequences of their deeds," added the politician.
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