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Russian lawmaker proposes to impose sanctions on American products

Staff Writer |
Russia should replace everyday products of American mass brands with Russia-made items in response to new anti-Russia sanctions, a Russian lawmaker proposed.

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"Our shop shelves are full of foreign brands. Why do we need PepsiCo, Coca-Cola and Mars corporations' products in Russia? Home producers of non-alcoholic drinks, dairy, snacks and confectionery will happily fill the Russian market with their products," said Sergey Mironov, A Just Russia party leader said in a statement.

The lawmaker also said there are no economic grounds to keep more than a quarter of Russia's international reserves in U.S. securities and suggested withdrawing Russian foreign exchange reserves from the U.S. Treasury bonds in retaliation against sanctions targeting Russia.

A Just Russia was formed in 2006 as a result of a merger of three parties. Currently, A Just Russia holds 23 of the 450 seats in the State Duma, the lower chamber of the Russian parliament.

On Aug. 2, U.S. President Donald Trump signed a sanctions bill against Russia, Iran and the Democratic People's Republic of Korea (DPRK).

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