Moscow not seen as possible host of Eurovision 2017 song contest - mediaSociety & Culture December 04, 22:22
Et-Tell in Damascus Province fully controlled by Syrian governmentWorld December 04, 21:46
Mirziyoyev campaign office says he is winning presidential elections in UzbekistanWorld December 04, 21:40
Preliminary results of Uzbekistan’s presidential polls to be announced on December 5 - CECWorld December 04, 21:28
Putin expresses condolences over fatal road accident in Khanty-Mansyisk autonomous areaSociety & Culture December 04, 20:20
Emergencies ministry confirms death of 12 people in road accident near Khanty-MansyiskSociety & Culture December 04, 17:04
Fidel Castro buried in Santiago de CubaWorld December 04, 16:50
Cuban revolution in pictures: Early years of Fidel CastroWorld December 04, 16:49
10 people, including 9 children, killed in bus accident near Siberia's Khanty-MansiiskSociety & Culture December 04, 15:32
What the West is presenting now is threats, not real sanctions, he believes.
“Too little time has passed to estimate the scale of the impetus that the West’s attempts to isolate Russia have given the Russian economy but I have no doubt this will be a positive impetus,” the economist told ITAR-TASS behind the scenes of the St. Petersburg International Economic Forum. Economic sanctions certainly boosted Russian GDP, he added.
The reasons are import substitution previously postponed for different reasons, as well as the need for the Russian monetary authorities to increase domestic lending for economic development in the place of reducing foreign lending. Besides, the situation would spur de-offshorization, he added.
At the same time, serious sanctions against Russia bode ill for Europe, believes Putin’s advisor. Sanctions like those introduced against Iran - trade and financial embargo - would mean 1 billion euro losses for European partners: “Germany would suffer most, Benelux will lose much, while for the Baltic states looms an economic disaster”.