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Russian economic development minister against counter-sanctions in other sectors

October 09, 2014, 0:52 UTC+3 MOSCOW MOSCOW October, 9. /TASS
"I see no possibility during a reasonable period to create a powerful basis not only to ensure import substitution, but also to create an export potential”, the minister said
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© ITAR-TASS/Valery Sharifulin

MOSCOW, October 9. /TASS/. Russian Minister of Economic Development Alexei Ulyukayev opposes imposing more counter-sanctions in other economic sectors.

“I am against all those proposals, as I see no possibility with reasonable investments and during a reasonable period to create a powerful basis not only to ensure import substitution, but also to create an export potential,” the minister said.

Counter-sanctions are not the best way to settle the situation, he said.

Russia had to impose sanctions only in one sector - the sector of food and agriculture, he added.

“We thought long how to increase supply with own food products, and the sanctions have helped to solve it. In this point, the decision is rational,” the minister said, adding the decision was taken in short time and the sector could not prepare properly, “but we are preparing now.”

"I do not see such rationality in other sectors. Therefore, I do not believe it is right to extend sanctions to other areas,” Ulyukayev said.

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