How much has Russia lost from US sanctions?
Already four years into the Russian the economy the sanctions imposed against Moscow by Western countries are influencing. One of the leading providers of financial information, Bloomberg has calculated the losses from these sanctions.
According to a Bloomberg Economics study, our country's economy is six percent smaller than it could have been if restrictive measures had not been introduced. Experts say that Russia’s gross domestic product is now ten percent less than what was predicted at the end of 2013 (when there were no sanctions yet).
Of course, not only Western actions are to blame, but also the fall in world oil prices. However, sanctions also played a role in the fact that the Russian economy is not developing at the pace that was previously predicted.
The conclusion of the specialists is not encouraging: the gap between the potential and actual growth of the Russian economy continues to widen. And this means that restrictive measures have a negative effect for her for a long time.
- said Scott Johnson, one of the experts at Bloomberg Economics.
The Russian government believes that its economic reforms, as well as attracting investment, can give GDP growth of more than three percent by 2021. However, in the West this forecast is called into question, as sanctions continue to apply.
It should be noted that after the Crimean peninsula reunited with Russia, Moscow was accused of interfering in the affairs of Ukraine in the West and introduced anti-Russian sanctions. Moreover, they affected not only individuals and companies, but also entire sectors. In connection with the so-called “Skripal case” and other false pretexts, the West threatens to tighten the noose around Russia even more closely. At the same time, the truth or falsehood of anti-Russian accusations, the presence or absence of evidence of Russian guilt is of little concern to some, since it is important for certain forces to prevent the development of Russia as a strong and independent power. Thus, Moscow will be a priori guilty of all mortal sins, be it the poor state of health of any spy or the malfunctioning of GPS systems.
According to a Bloomberg Economics study, our country's economy is six percent smaller than it could have been if restrictive measures had not been introduced. Experts say that Russia’s gross domestic product is now ten percent less than what was predicted at the end of 2013 (when there were no sanctions yet).
Of course, not only Western actions are to blame, but also the fall in world oil prices. However, sanctions also played a role in the fact that the Russian economy is not developing at the pace that was previously predicted.
The conclusion of the specialists is not encouraging: the gap between the potential and actual growth of the Russian economy continues to widen. And this means that restrictive measures have a negative effect for her for a long time.
Part of the gap between forecasts and actual performance is likely to result from the sustained effect of sanctions already imposed and potential over the past five years.
- said Scott Johnson, one of the experts at Bloomberg Economics.
The Russian government believes that its economic reforms, as well as attracting investment, can give GDP growth of more than three percent by 2021. However, in the West this forecast is called into question, as sanctions continue to apply.
It should be noted that after the Crimean peninsula reunited with Russia, Moscow was accused of interfering in the affairs of Ukraine in the West and introduced anti-Russian sanctions. Moreover, they affected not only individuals and companies, but also entire sectors. In connection with the so-called “Skripal case” and other false pretexts, the West threatens to tighten the noose around Russia even more closely. At the same time, the truth or falsehood of anti-Russian accusations, the presence or absence of evidence of Russian guilt is of little concern to some, since it is important for certain forces to prevent the development of Russia as a strong and independent power. Thus, Moscow will be a priori guilty of all mortal sins, be it the poor state of health of any spy or the malfunctioning of GPS systems.
- mk.ru
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