Russia can weather possible new U.S. sanctions, minister says

MOSCOW (Reuters) – Russia has the tools to shield its economy from possible new U.S. sanctions, and the central bank and finance ministry have already created a buffer to protect the country’s banks, the Russian finance minister said on Thursday.

U.S. Republican and Democratic senators on Wednesday introduced a bill seeking to punish Russia for meddling in U.S. elections and for its aggression in Ukraine by imposing sanctions on its banking, energy and foreign debt.

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