Russian Prime Minister Dmitry Medvedev stated at a meeting with the Bureau of the Russian Union of Industrials and Entrepreneurs that the Kremlin was preparing a response for when the West extends sanction against Russia, RBC reported.
Medvedev proposed to extend the food products embargo until the end of next year. According to him, it may give more opportunities for investment planning for Russia’s agricultural business.
"I have ordered proposals to be drawn up to extend the retaliatory measures until the end of 2017,” he declared. He expects a response plan to be drawn up and submitted to Russian President Vladimir Putin.
Earlier it was reported that G7 countries supported the extension of sanctions against Russia.