FT: Russian economy will easily withstand new sanctions

Imposing new Western sanctions against Moscow would be counterproductive. Over the past years, Russia has prepared well for possible negative consequences, and its economy will withstand the impact of restrictions without problems, but the West, represented by the United States and the European Union, will not. This is reported by the Financial Times newspaper, referring to the opinions of experts.

After the events of 2014 in Ukraine, Moscow has made efforts to reduce its dependence on the West in a variety of sectors, including in the field of finance. The Russian Federation has accumulated sufficient gold and foreign exchange reserves, has become less reliant on Western investors, and regularly stress-tested the economy and the banking sector. Russia was preparing for the fact that very tough measures could be taken against it at any moment.

Currently, the EU imports about 40% of gas and 25% of oil from the Russian Federation and is not going to abandon Russian energy carriers in principle. In turn, the American aviation industry is heavily dependent on the Russian titanium industry. Therefore, as soon as they try to pressure Moscow sensitively, it will use its leverage.

The existing interdependence could make it difficult for the West to impose broader sanctions on Russia's financial sector. A ban on transactions with large Russian banks or Moscow's disconnection from the SWIFT international payment system may be effective for the US and EU only when they do not stop buying goods from the Russian Federation

- summed up the media.
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  1. Valery Vinokurov (valery vinokurov) 19 January 2022 21: 20
    The economy will survive, I have no doubt. Will I survive - that's a good question ..
    1. Misha Mihalkov Offline Misha Mihalkov
      Misha Mihalkov (Misha Mihalkov) 20 January 2022 08: 38
      Valerochka, and you need to go to the church on the porch with an outstretched hand and moan, give me a pretty penny ...
  2. Jarilo Offline Jarilo
    Jarilo (Sergei) 20 January 2022 11: 48
    Note that we are not imposing sanctions. Again they attack us, but for now we are defending ourselves and do not introduce counter-sanctions. And they could. For example, to nationalize their assets with us. Capital outflow would immediately drop to zero.
  3. steelmaker Offline steelmaker
    steelmaker 20 January 2022 16: 42
    Went to the store yesterday. Beets were 29-34 rubles, now 54 rubles per kg.

    The HSE announced a record drop in the purchasing power of Russians in 10 years. According to Rosstat, the real disposable income of Russians in the first half of 2020 decreased by 3,7%. In the first quarter they grew by 1,2%, in the second they fell by 8%. The decline in GDP in the second quarter was 8,5%.

    10 years of falling purchasing power of the population! Why is inflation rising?

    Since 2018, all non-residential buildings located on a summer cottage are recognized as economic buildings and are subject to property tax. Therefore, you will have to pay tax for a barn, a toilet and a bathhouse.

    This year, for the first time, Russians will pay a tax on income received in the form of interest on bank deposits. In 2022, Russians will begin to pay taxes on interest on bank deposits over 1 million rubles.

    Please note the tax on the contribution. And those who have an income of 1 million a day???

    Approximately 17 employees of medium and large enterprises in Russia receive an official salary of over 100 million rubles. per month. According to analysts, the number of such employees increased by 1% compared to the pre-pandemic period. So, in April 51,5, there were approximately 2019 of them.

  4. Siegfried Offline Siegfried
    Siegfried (Gennady) 21 January 2022 00: 19
    That hysteria about the Russian invasion of Ukraine, which the inhabitants of Europe and America have the pleasure of seeing in the media, is purposefully pumped up by the governments of the United States and England. As if the governments of these countries did not yearn for the start of hostilities, and this is their main goal for the past year, no matter how many weapons they sent to Ukraine, Russia does not think of attacking the fraternal Ukrainian people. The RF Armed Forces are deployed near Ukraine exclusively in case of an invasion of the Ukrainian national corps into the Donbass. The governments of the United States and England cannot understand that no matter how they try to divide our peoples, encouraging hatred of the Russian world in Ukraine - our common, uniting us, is much stronger.