The Kremlin today hit back at the latest round of Western sanctions against Moscow, saying Russia’s economy has adjusted to the restrictions and that those who impose sanctions are being hurt by any new measures.

The United States on Friday (February 23) imposed sweeping sanctions on Russia, targeting more than 500 people and entities on the second anniversary of what Moscow calls a special military operation in Ukraine and in retaliation for the death of Russian opposition leader Alexei Navalny. .

“Nothing new has been announced in substance and it is not likely that anything new in substance will be devised by those imposing these sanctions without harming their own economy,” Kremlin spokesman Dmitry Peskov told reporters.

Peskov said the sanctions indirectly hurt the European economy and the interests of US companies.

Last week’s sanctions targeted Russia’s Mir payments system, financial institutions and its military-industrial base, sanctions relief, future energy production and top tanker group Sovcomflot, among other sectors.

The sanctions also targeted prison officials the United States says are linked to Navalny’s death.

“Russia’s economy has proven its resilience,” Peskov said. “It has adapted and continues to grow.”

Russia’s economy rebounded in 2023 after a plunge in 2022, but growth depends heavily on state-funded arms and munitions production and masks problems that prevent Russians from improving their living standards.

The International Monetary Fund expects Russia’s economy to grow at a rate of 2.6%, but tough times await. Russia’s central bank forecasts a growth rate of 1-2% in 2024.

In addition, the Kremlin said today that Denmark’s decision to close its investigation into the Nord Stream 2 explosions in 2022 is “close to absurd”.

Kremlin spokesman Dmitry Peskov said Denmark admitted the blasts were an act of premeditated sabotage, but decided not to go any further with the investigation because the case involved close allies of Copenhagen.

He said Denmark had refused requests to provide information about its investigation.