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Weapons of Mass Destruction (WMD)

Russia's Largest Defense Consortium Sees Canada's Sanctions as Political Bias

RIA Novosti

15:09 25/07/2014

MOSCOW, July 25 (RIA Novosti) - Canada's decision to impose sanctions on Russia's Almaz-Antey Corporation is politically biased and taken under pressure of the United States, the company's press service stated on Friday.

"We believe that sanctions announced by Canada are yet another example of unfair [market] competition," a company representative said.

The company assured the press that the group develops and produces defensive weapons exclusively, as well as a wide range of civilian products. The corporate response comes after Almaz-Antey came under sanctions of both the United States and Canada over the past week.

On Friday, Canada announced its decision to follow the US' lead in adding a number of Russian defense and mineral companies as well as banks in its list of sanctions, including Almaz-Antey, a lead developer and manufacturer of air and missile defense systems. The new measures impose restrictions on the "issuance of new financing for the designated energy and financial entities" in an effort to put further "increasing economic and political pressure" on Russia.

The West's sanctions are supposedly a reaction to Russia's policy in Ukraine. Moscow has repeatedly called the language of sanctions counterproductive and said these measures would have a boomerang effect on the economies of the sanctioner.

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