Sanctions war between the West and Russia

Relations between Russia and the West have deteriorated due to the situation in Ukraine. The European Union and the United States have imposed several waves of anti-Russian economic sanctions over Moscow's alleged role in the Ukrainian internal conflict. In mid-September, European Union introduced a new batch of sanctions, for the first time targeting directly the financing of the state-owned oil sector, which is crucial to the Russian economy.

© RIA Novosti, Dmitry Astakhov

Sanctions-affected companies to receive budget assistance – Medvedev

In view of the sanctions against Russia, the government had to review the budget to provide additional assistance for the sanctions-affected domestic companies, Prime Minister Dmitry Medvedev announced.