US visa changes to affect mainly Russian independent travelers, says authorityBusiness & Economy August 21, 21:07
CAS upholds life ban for ex-president of Russian athleticsSport August 21, 20:03
Police confirms man shot dead in Subirats was Barcelona attack perpetratorWorld August 21, 19:50
Premiere for historical drama Matilda rescheduled for late OctoberSociety & Culture August 21, 19:45
Fire in Russia’s Rostov-on-Don fully containedWorld August 21, 19:37
Russia wins two golds on second day of 2017 Universiade in TaipeiSport August 21, 19:29
Washington’s new strategy in Afghanistan aimed against China, expert saysWorld August 21, 18:43
Russia settles last part of Soviet debtBusiness & Economy August 21, 18:37
Man wearing suicide belt shot dead near BarcelonaWorld August 21, 18:29
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.