St. Petersburg Watchmaker Counters Sanctions by Refusing to Sell Abroad

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  The Petrodvorets Watch Factory, famous for its nostalgic Soviet-style brands, said that it had decided to "answer to the decadent Western countries."
  Photo: Raketa.com

Russia's oldest and largest mechanical watchmaker says it will stop selling its most prestigious self-winding watches abroad as long as the "decadent" West continues to impose "unfair" sanctions over Russia's involvement in Ukraine...

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EU, US extend sanctions on Russia over ‘Ukraine violence’

Co-ordinated approach targets trade, energy, banks, technology, arms and finance sector

The new round of sanctions targets Russian oil, rather than gas, outlawing exports of oil exploration equipment to Russia. About 30 per cent of the European Union’s gas supply comes from Russia.Photograph: Luke MacGregor/Reuters

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