Tasks to punish American business in Russia, said the Ministry of Finance

© RIA Novosti / Natalia to Seliverstova in photobacteria of the Ministry of Finance of Russia on the street Ilyinka in Moscow. Archival photoTasks to punish American business in Russia, said the Ministry of Finance© RIA Novosti / Natalia to Seliverstova the image Bank

The Russian authorities in developing measures to counter U.S. sanctions aim to punish American businesses operating in Russia, said the acting head of the Department for monitoring of external constraints of the Ministry of Finance of Russia Dmitry Timofeev.

«Today, I want to say again that there are no plans for trying to punish an American business that works here. We understand that it is counterproductive. We want to build a normally functioning economy – so that it felt good even those organizations which came under the restrictive measures of the USA», — he said, speaking at the conference, «Sanctions and Russia: together forever?».

«Those countermeasures that we have taken against the sanctions, they are primarily aimed not to to punish someone abroad, and in order to ensure the normal functioning primarily strategic enterprises. But we plan to create a stable and predictable environment for investors, including foreign investors», said Timofeev.

According to him, the Ministry of Finance now actually works in a mode «one window». «As I said, the sanctions – something multidimensional problems in different companies related to the sanctions vary because some companies are highly integrated, for example, in the global production chain, others can be high credit load. But a significant part of the solutions, it is actually organizational» — he said.

Timofeev noted that the Department was faced with another aspect of the work. «The enterprises which have got under sanctions, too, are trying to take advantage and to receive from the state a maximum. But in General, there are certain limits. In fact, the Finance Ministry is in favour of the budget, as you know… So too much budget spending, wasteful, too, must be prevented», he added.

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