February 16, 2022

MOSCOW, Feb 16 (Reuters) - Russia would be ready to re-route supplies to other markets should new Western sanctions target its energy sector, finance minister Anton Siluanov said on Wednesday.

Siluanov did not say how Moscow would divert its energy exports but said that Russia's foreign exchange reserves, National Wealth Fund and a budget surplus should shield its economy and banks from any possible sanctions hit.

The United States and its allies are considering new sanctions including against Russia's largest banks, economy and energy sector, with export controls possible, in the event that Moscow invades its neighbour Ukraine.

Read more: