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MILAN, September 13 (RIA Novosti) The European Union and the United States are harming their own business by imposing sanctions against Russia, Russian Finance Minister Anton Siluanov said Saturday.

"The sanctions are having a negative impact on all sides. This concerns any restrictions in trade, financing, investment these are the worst decisions of the governments that go against their own business," Siluanov said.

"Of course, when we talk about economic growth, when we talk about removing all trade barriers, speak against protectionism , when we talk about the goal of increasing economic growth by 2 percent (set by the G20 in February in Sydney) - it cannot be achieved under trade, financial and other restrictions," the minister added.

On Friday, the US Treasury Department confirmed that it was expanding sanctions against Russian companies and increasing the number of sanctioned Russian entities in the financial, energy and defense sectors. Under the new restrictions, Russia's largest bank, Sberbank, was added to the list of sanctioned financial institutions.

Also on Friday, a new round of sanctions against Russia, approved by the European Union Monday, came into force. The EU restrictions prohibit three major Russian oil companies (Rosneft, Transneft, Gazprom Neft) and three major defense companies (Oboronprom, United Aircraft Corporation and Uralvagonzavod) from seeking financing on European capital markets.

Moscow warned that it could respond to new Western sanctions to protect Russia's interests.

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EU, US Harm Own Business by Imposing Sanctions Against Russia: Russian Finance Minister

MOSCOW, Oct. 6 (UPI) -- The date of the next round of trilateral gas talks between Russia, Ukraine and the European Union will be announced this week, the Kremlin said.

Trilateral negotiators are reviewing a package proposed in September meant to address Ukraine's mounting debt for gas while ensuring European consumers have adequate winter supplies.

"On Oct. 7, we will agree on the date of the next trilateral meeting," Russian Energy Minister Alexander Novak said Sunday.

Ukraine under the terms of the proposal would pay off its $3.1 billion in debt to Russian energy company Gazprom, which in turn would offer a discounted price to its Ukrainian counterpart, Naftogaz.

Gazprom would continue with a protocol calling on Ukraine to pay in advance for its natural gas.

Russia meets about 20 percent of European natural gas demand, though 80 percent of the volume sent to Europe runs through the Soviet-era transit network in Ukraine.

Ukrainian Prime Miniser Arseniy Yatsenyuk said during meetings last week with European officials his government "deeply concerned about the erosion of European energy security," but said Russia had its share of the blame.

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Kremlin reviewing date for gas talks

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