Russia says economy won’t collapse due to sanctions

“We have every possibility of self-development. Previous sanctions have generally benefited us on a large scale, forcing us to develop import substitution on our own in all areas, including including specialized fields of science, development of new technologies, products and even pharmaceuticals,” former President Medvedev, who is currently Vice Chairman of Russia’s National Security Council, wrote on Telegram on 19/02. 3, according to the TASS news agency.

Former Russian President Dmitry Medvedev. Photo: TASS

“The Russian government has made a decision to support the people and the economy by issuing social subsidies, additional funding for high-tech sectors, agriculture, banking. The Russian economy will not collapse.” , Mr. Medvedev further stated.

According to the former Russian president, Moscow has many reliable partners “not only in the post-Soviet space, but also in China, Southeast Asia and African countries”. “It’s a huge, promising, non-conflict market like Europe. The results of this partnership are pretty clear,” he noted.

After Russia launched a military operation in Ukraine on February 24, the West has imposed a series of large and unprecedented sanctions on Moscow to exert pressure. However, Russia has repeatedly stated that it will not stop the operation until the goal of demilitarization of Ukraine is achieved.

Commenting on sanctions imposed on Russia from the West, Chinese Vice Foreign Minister Le Ngoc Thanh said that the above measures are increasingly “outrageous”, as Russian citizens abroad have their assets confiscated. but “for no reason”.

Deputy Minister Lac also agreed with Moscow’s position on NATO, saying that the alliance should not be expanded further east, a move the Beijing diplomat described as “plumbing a nuclear power like Russia into the country”. base of the wall”.

“History has repeatedly proved that sanctions cannot solve problems, but only harm ordinary people, impact the economic and financial system, make the global economy become a bad place. worse,” said Mr. Lac.

China currently maintains a neutral stance on Russia’s military campaign in Ukraine. Meanwhile, the US warned it could punish China if Beijing moved to support Russia’s campaign in the neighboring country.

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