Confederations Cup: Russia vs Portugal match sold out, says FIFA secretary generalSport April 25, 21:20
Russian diplomat suggests UN should develop strategy to fight fake newsRussian Politics & Diplomacy April 25, 20:16
Putin backs creation of system to promote Russian goods on domestic marketBusiness & Economy April 25, 19:15
OSCE concerned over Russia’s declaring Jehovah’s Witnesses extremist organizationWorld April 25, 19:00
Russia to complete import substitution program for helicopter engines by 2019Military & Defense April 25, 18:39
Government is not going to reject floating ruble rate, Putin saysBusiness & Economy April 25, 18:10
Russian Navy rids itself of dependence on Ukrainian enginesMilitary & Defense April 25, 17:55
Ukraine's refusal to continue military cooperation prompts Russia to create new industriesMilitary & Defense April 25, 17:50
FIFA Secretary General on her mission and expectations from Confederations CupSport April 25, 17:39
NEW YORK, January 29. /TASS/. Russia managed to adjust to the consequences of Western anti-Russia sanctions, the country’s Finance Minister Anton Siluanov said on Thursday.
"The sanctions against Russia had a negative impact on us. However, the Russian companies and the country’s balance of payments managed to adjust. The ruble devalued, but as you can see life goes on in Russia," Siluanov said in an interview to CNBC television channel.
The minister added that the plunge in the world oil prices has had a more serious impact on Russia’s economy. According to Siluanov, the country’s total loss from both sanctions and oil price fall exceeded $200 billion.
"The key factor was the fall in oil price. We estimate lack of capital due to sanctions to total $40-50 billion," the minister said.