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
In 1-2 years, Russia to start exporting buckwheat - Ministry of Agriculture
Russia: weather factor to reduce grain export volumes in November – expert
On November 24, Russia purchased over 76 thsd tonnes of grains to the intervention fund
In 2015, Russia to produce 103.5 mln tonnes of grains – forecast
In mid-November, Russia lowered grain export supplies from the seaports
November 23, 12:10
In the third week of November, Russia exported 660 thsd tonnes of grains – Rosselkhoznadzor
November 23, 11:00
Russia exported over 15 mln tonnes of grains - Ministry of Agriculture
November 23, 09:40
Russia planted winter grains throughout 16.3 mln ha – Ministry of Agriculture
November 20, 12:20