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The Russian Foreign Ministry said in a statement on January 11 that it would take countermeasures against the sanctions by the US.

The statement said the decision of the US administration to impose new sanctions on Russian economic sectors as a whole as well as some large-scale companies is none other than an attempt to inflict any loss upon the Russian economy before US President Biden concludes his dishonourable rule even if it might destabilize the world markets.

Asserting that Russia would take countermeasures against the US’ hostility, it said the country would continue to carry out its large-scale projects including the extraction and domestic production of crude oil and gas and the construction of an atomic power station in a third country.