If Europe approves economic sanctions, Russia can minimize the damage by turning to other markets, Prime Minister Dmitry Medvedev said. "The European Union is our most important market today. I will repeat, we will not initiate a reduction in economic ties. That isn't in our interests. We have trade with them totaling $400 billion," Medvedev said in a report to the State Duma on Tuesday.
However, if Russia's Western partners commit such an error, "intensive work on other markets will allow us to minimize the damage," he said.