Russia clinches last-minute 3-3 draw with Belgium in friendly football match in SochiSport March 28, 21:40
Washington-based National Symphony Orchestra members excited to perform in RussiaSociety & Culture March 28, 21:36
'Gentlefan' continues: 'Angels' greet Belgium football fans ahead of Sochi gameSport March 28, 21:12
Scottish parliament backs new referendum on independenceWorld March 28, 20:42
Russian strategic missile carriers to take part in military drills in TajikistanMilitary & Defense March 28, 20:10
Russia’s offshore energy projects in the ArcticBusiness & Economy March 28, 19:33
US chess chief: No plot to oust current FIDE head, but it ‘would be good for the game’Sport March 28, 18:27
Putin-Rouhani meeting round-upWorld March 28, 18:23
Request for referendum against iconic Petersburg cathedral's transfer to church approvedSociety & Culture March 28, 18:13
WASHINGTON, October 11. /TASS/. The G20 finance ministers discussed the situation in Ukraine on the sidelines of an international financial and economic conference, Russian Finance Minister Anton Siluanov said on Saturday.
The imposed sanctions hamper the economic development, he said.
“Of course, this was discussed on the sidelines (of the conference). Everybody talks about the wish to settle the situation in southeastern Ukraine and the strive for getting rid of sanctions because it is evident that this prevents the development of business and economic stimulus,” Siluanov said.
The latest IMF outlook proves that the economy represents the rate of decline. “The sanctions only add negative proof in this outlook,” he said.
“We believe that nobody really needs sanctions. They run counter to our tasks for contributing to the economic growth,” Siluanov said.
“We believe that the 12-point agreements reached in Minsk are starting to be implemented inside Ukraine,” he said.
The sanctions can also have a negative impact on the European economy. “We have considerable trade turnover with European countries, particularly with Germany. But our colleagues agree on [these sanctions] despite the costs for their economy,” Siluanov said.