For Russia, US-China trade confrontation is more important than sanctions

vn.sputniknews.com• DNUM_BAZAEZCABI 06:58

The US-China trade confrontation has a stronger impact on Russia than new US sanctions, - said Natalia Porokhova, head of research and forecasting at ACRA (Credit Rating Agency).

On Friday, the United States imposed sanctions against a number of Russian businessmen and their companies, as well as a number of senior Russian officials. Against this background, on Monday, during trading sessions in Russia and abroad, the share prices of many Russian companies and banks fell sharply, including those that were not affected by the tightening of US sanctions.

"The US imposition of tariffs on Chinese goods will have a negative impact on the global economy and the volume of raw material supplies, so such a decision may have a stronger impact on Russia than sanctions," she added.

Ms. Porokhova also noted that the new US sanctions are also related to the US's increased protectionism.

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