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Newsline: US, Russian ambassadors to Japan trade sanctions threats over Ukraine invasion

The U.S. ambassador to Japan and his counterpart from Russia dueled Friday over the extent one country would punish the other over the economic penalties imposed on Russia for its war in Ukraine. Russian Ambassador Mikhail Galuzin went first at 2 p.m. Friday, addressing reporters at the Foreign Correspondents’ Club of Japan in Tokyo. Russia will respond in kind, he said, to sanctions imposed by Japan, the United States and its European allies. “There will be damage for both sides,” he said. The penalties that target Russian banking and select industrial sectors will not achieve their goals, Galuzin said. It’s not possible to exclude Russia from the global economy, he added. U.S. Ambassador Rahm Emanuel appeared next at 4 p.m. at the correspondents’ club. The sanctions imposed following Russia’s invasion of Ukraine, begun Thursday in earnest following months of troop buildups along the countries’ shared border, “will not be cost-free” for America and its allies, he said. “The sanctions are not only being felt today,” he said. “They will be felt tomorrow.” (https://www.stripes.com/theaters/asia_pacific/2022-02-25/us-russian-ambassadors-sanctions-ukraine-invasion-tokyo-japan-5141530.html) The sanctions are already having an effect. The Russian ruble dropped 4.5% against the U.S. dollar on Thursday and the Moscow Exchange benchmark lost about a third of its value, according to the Wall Street Journal.

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