Russia’s Finance Minister Anton Siluanov praised the performance of the national economy under Western sanctions, saying the initial impact of the sanctions imposed on the country’s economy has been overcome.
Speaking at the “New Horizons” educational marathon on Monday, Siluanov said Russia had no intention of default on public debt. According to the minister, if Western institutions are closed, Russia will be able to repay the debt in Russian rubles.
On the impact of Western sanctions imposed on Russia as a result of the special military operation in Ukraine, the minister indicated that the first shock of the sanctions imposed on the Russian economy had been overcome.
Siluanov stressed that Russia’s economy will not be shut down or isolated, and said that rationality in monetary and budgetary policy will allow it to withstand the most severe sanctions Russia has to face.
However, the Russian minister noted that Russia will not be able to quickly overcome the restrictions placed on advanced technology.
In early April, the Russian Ministry of Finance for the first time fulfilled its obligations under the international bond “Eurobonds” to foreign beneficiaries in Russian rubles, and Russia paid the bonds in the amount of 649.2 million dollars.
Subsequently, Russia’s Ministry of Finance refuted reports about Russia’s failure to fulfill its financial obligations under the international bond “Eurobonds”, which the ministry says default occurs when the debtor there are no tools (the funds) to repay the loan. debt. or unwilling to pay, and the same cases do not apply in Russia.
Source: TASS
Source: Arabic RT
