Sanctions of the West against GDP of Russia: who wins?

 

Western sanctions will continue to affect the Russian economy, having picked up about 1 to 1.5% of GDP growth this year and having reduced it to 0.5%, and in the coming years this level of 1% of GDP growth will remain. Such an assessment was made by the former Minister of Finance of Russia Alexey Kudrin today at a forum of the Moscow exchange in London, who pointed out that one shouldn't expect a lifting of sanctions before a settlement of the situation in Ukraine, and that could take about two years.According to Kudrin the important positive point of the current situation is the absence of prerequisites for the strengthening of sanctions, as it protects the economy from uncertainty.

 

Western sanctions will continue to affect the Russian economy, having picked up about 1 to 1.5% of GDP growth this year and having reduced it to 0.5%, and in the coming years this level of 1% of GDP growth will remain. Such an assessment was made by the former Minister of Finance of Russia Alexey Kudrin today at a forum of the Moscow exchange in London, who pointed out that one shouldn't expect a lifting of sanctions before a settlement of the situation in Ukraine, and that could take about two years.

 

According to Kudrin the important positive point of the current situation is the absence of prerequisites for the strengthening of sanctions, as it protects the economy from uncertainty.