Russia watching for new Western sanctions, says they would hit world economy

MOSCOW, April 21 (Reuters) – The Kremlin said on Friday it was monitoring reports of a possible ban on exports to Russia by Western countries, and that new sanctions would damage the global economy.

“We are carefully monitoring this, we are aware that both the U.S. and the EU are actively considering new sanctions,” Kremlin spokesman Dmitry Peskov told reporters.

“We believe that both the current sanctions against the Russian Federation and the new additional steps that the US and the EU may be thinking about now will, of course, also hit the global economy. Therefore, this may lead to an increase in the trend towards a worldwide economic crisis.”

Japan’s Kyodo news agency reported that the Group of Seven (G7) countries are considering a near-total ban on exports to Russia, citing Japanese government sources.

Bloomberg News said on Thursday the United States and Ukraine’s allies were considering “an…

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