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Anti-Russian sanctions

Western sanctions have positively impacted Russian companies, says VTB Capital CEO

Vladimir Potapov noted Russia has made the greatest progress ever in terms of such an important World Bank index as Doing Business

BEIJING, November 21. /TASS/. Chief Executive Officer of VTB Capital Investment Management Vladimir Potapov believes that western sanctions have positively impacted Russian companies, which was not expected by their initiators.

"Recently sanctions have positively impacted Russian companies … that faced an external challenge and behaved positively as we have noted a substantial progress from the viewpoint of efficiency of many companies," he said on Wednesday.

According to Potapov, even amid growing volatility on the commodities markets and restricted capital access, "serious domestic sources of liquidity" can be always found in Russia. "Much is being done from our side. One of the main factors is to make our companies and sectors attractive for investments. For example, Russia has made the greatest progress ever in terms of such an important World Bank index as Doing Business," he said, adding that Russia has climbed over 90 spots of the rating - from 123rd to 21st - since 2012.

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Sanctions vs. Russia

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