Russian finance: US sanctions will not harm our economic system
21:58 - 03/08/2019
Information / follow up
Russian Finance Minister Anton Silwanov said that additional US sanctions on Russia were damaging bilateral relations, but would not have a significant negative impact on the country's economy and financial system.
"The Russian economy has shown in recent years its ability to resist under the pressure of external restrictions. The balanced fiscal policy and structure of the macroeconomic system we have established are flexible, all of which ensure that the economy adapts quickly to unfavorable external conditions. "
On the possibility of sanctions on Russian public debt and corporate debt, Silwanov said that "the financial system developed by the government allows to meet the needs of the state budget and companies in borrowed financial resources."
Earlier in the day, Washington announced that the second package of sanctions against Russia against the Scrippel case would come into force on Aug. 19 and would remain in effect for at least 12 months.
The new US sanctions aimed at the Russian financial system include restrictions on Russian public debt and Washington's demand for international financial organizations, including the World Bank and the International Monetary Fund, not to lend to Moscow, to prevent US banks from participating in the primary market of non-rubble Russian sovereign debt, Ruble for the Russian government, and add restrictions on the export license of goods and technology controlled by the Ministry of Commerce. End 25 n