Western sanctions already provide major indirect influence on the economy of Russia
The western sanctions are already having the major indirect effect on the economy of Russia, but their direct impact is not observed yet, declared Sergei Storchak, Deputy Minister of Finance, on July 8.
According to him, the effect of the reporting sanctions strengthened due to the fact that the sanctions were coincident with reduction of the rate of growth of the Russian economy.
S.Storchak added that if the situation develops, and the USA and the EU impose sectoral sanctions, Russia will have to prepare more serious countermeasures. To date the Ministry faces many requests from the Russian enterprises which have good export contracts, to provide insurance of the proceeds from the policy and institutional risks, but not from the counterparty default.
You should be authorized to post comment
Growing of agricultural exports is the development priority for the Russian agro-industrial complex - Ministry of Agriculture
June 23, 10:20
Organization of large-scale supplies of Russian wheat to China requires some time - COFCO
June 22, 14:00
In January-April of 2017, Russia exported over 10 mln tonnes of cereal crops - Rosstat
June 22, 11:25
In January-May of 2017, Russia increased agricultural production - Rosstat
June 21, 12:00
Russia: as of June 1, grain stocks totaled over 18.5 mln tonnes – Rosstat
June 21, 11:00
In June, Turkey to become the main destination for Russian grain exports - Rusagrotrans
June 20, 15:00
As of June 1, Russia planted spring grains and pulses throughout 27.1 mln ha – Rosstat
June 20, 11:00
In January-May, Russia decreased flour production, and increased sunflower oil production – Rosstat
June 20, 10:00
In the second week of June, the Russian seaports increased grain export volumes
June 19, 15:30