Russia's Volga Group says U.S. sanctions "politically motivated"

by Reuters
Monday, 28 April 2014 14:34 GMT

MOSCOW, April 28 (Reuters) - Russia's Volga Group, which the United States targeted on Monday as part of new sanctions on Russia over Ukraine, said Washington's measures were "politically motivated statements and decisions".

It added that the holding, owned by Gennady Timchenko who is also on the U.S. sanctions list, would look into legal and financial risks from the measures.

(Reporting by Vladimir Soldatkin)