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Friday, 16 November 02:47 (GMT -05:00)



Business And Politics News

New Anti-Russian Sanctions Will Slow Russian Economy Down, Kudrin Says


The new package of anti-Russian sanctions is expected ot be imposed by the United States in November. Apparently, this is not expected to become a disaster ofr the Russian economy, but it still may slow down the economic growth in Russia as well as the the flow of foreign investments to the country. This is what ex-Finance Minister of Russia Alexey Kudrin thinks on the matter.
 
During his recent interview to Business FM, Mr. Kudrin underlined that the new package of sanctions may touch upon the system of financial transactions between American and Russian banks. He also remined the audience that the first round of sanctions had come almost unnoticed to the Russian economy. However, the 2nd round of sanctions is still undefined. With that being said, the November sanctions may end uo being either mild or really tough for Russia, its economy and financial system, the expert says. If the sanctions affect the financial ransactions between American and Russian banks, this is going to be a serious blow affecting the pace of economic growth and investments in Russia, Mr. Kundrin assumes.
 
If that's really the case, this step will definitely take away a certain part of the Russian GDP, which is why it should definitely be taken into account. He also warned the audience that sanctions are planned to stay there for a long time, which is why the Russian authorities will have to get used to the sanctions and work out new investment and development strategies.

 

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