According to Russian news agency TASS, the Russian authorities are preparing to respond to the Section 232 measures on steel and aluminum imports in the US.
"Russia is closely following and fully participating in all these processes. We will form our official estimate and make relevant statements. I am not authorized to anticipate the government’s decisions, but they are being prepared," Russian deputy economic development minister Alexei Gruzdev said when talking to students at Ural Federal University.
Russia’s Industry and Trade Ministry estimates that the damage to Russian companies from the Section 232 duties will amount to at least $3 billion.