Year of anti-Russian sanctions

Year of anti-Russian sanctions

A year has passed since the Western sanctions were imposed on Russia. A year ago the United States imposed an embargo on new loans for Russian state-owned banks and state-owned companies, as well as the supply of high-tech equipment for the oil and gas and defense industries. In the last two months, the sanctions were again supported by the EU countries. 

The deputy chairman of the Duma Committee on Financial Markets Anatoly Aksakov, as well as assistant professor of "Stock markets and financial engineering" RANHiGS Basil Yakimkin spoke exclusively to Vestnik Kavkaza about how Russia has overcome the previous year of sanctions.

According to the deputy chairman of the Duma Committee on Financial Markets, Anatoly Aksakov, Russia has successfully overcome this year, although the country had some problems. ‘‘A lot of things at the end of the year were the result of the imposed sanctions. But the main event was the reduction of oil prices.’’

"In general, there are no dramatic consequences that influenced the economy of our country. Moreover, the current situation can be beneficial for our economy, as it has begun to adapt and generate. ‘‘We have new ideas, we involve financial resources in the domestic market. We try make new manufacturable products despite importing them from abroad,’’ the deputy concluded.