On May 18, 2022

Addis Ababa, May 18, 2022 (FBC) – The country has managed to withstand Western sanctions, the finance minister says

The Russian economy has overcome the first shock from the sanctions imposed by the West, according to Finance Minister Anton Siluanov. It won’t be easy to get over the restrictions, but prudent financial and budgetary policy will allow the country to withstand them and maintain financial sovereignty, he said on Wednesday.

The economy cannot ignore the sanctions regime, “but it will not be as tough as it would be if the government had not taken appropriate support measures,” Siluanov said, adding: The first shock, we believe, has passed.

Although all these sanctions packages are still being prepared.”

The minister also said that for the sake of financial stability, the government has taken a number of steps, including the removal of restrictions that were initially introduced as an emergency response to the sanctions. RT

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