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None of Greek scenarios will have direct impact on Russia — Economic Development Minister

July 07, 2015, 14:57 UTC+3 MOSCOW
However, the minister notes, the events in Greece can contribute to a temporary weakening of the ruble
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© Sergey Konkov/TASS

MOSCOW, July 7. /TASS/. None of Greek scenarios, including default and exiting the Eurozone, will have direct impact on Russia, Economic Development Minister Alexey Ulyukayev said in an interview with Rossiya 24 channel Tuesday.

"Whether Greece exits from the Eurozone, or whether there will be a full-scale default, it will not affect our economy and our business, our functions in any way. But the indirect effect is certainly possible," he said, noting that the events in Greece can contribute to a temporary weakening of the ruble.

"Almost no direct affect. Our trade turnover with Greece is small. The volume of mutual investments even smaller. We have virtually no financial institutions that would be at risk. Balance sheets of our banks have almost no Greek debt," the Minister said.

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