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Deputy PM says stability of companies under US sanctions 'government’s priority'

April 10, 11:46 UTC+3 MOSCOW
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MOSCOW, April 10. /TASS/. The Russian government will help preserve stable operation of companies that have fallen under the US sanctions, thus is a priority, Deputy Prime Minister Arkady Dvorkovich said on Tuesday.

"The most important thing now is to minimize uncertainty on the market by ensuring stable operation of enterprises under the US sanctions that employ hundreds of thousands of people - if we speak about all companies that have fallen under sanctions, and counterparties of these companies," he said.

"We will help to maintain stable operation of the relevant enterprises, if necessary. We are talking about this," he added.

External factors 

The Russian government will be able to minimize the influence of external factors on the Russian economy, Dvorkovich believes. 

"Despite the fact that we have achieved good results in diversifying the economy, we still have a fairly small number of strong, leading companies that determine the face of the Russian economy, and a blow to any of the groups of companies is a blow to the economy as a whole. Sensitivity to this kind of unfriendly steps from any side is, of course, high. Nevertheless, in the previous cycle of sanctions related, decline of oil prices, we have found ways to stabilize the situation and solve these problems. I do not doubt that we will find it now," he said.

Dvorkovich called minimizing uncertainty and ensuring stable operation of companies an imminent task, which will later allow to implement strategic plans and programs.

On April 6, the United States announced imposing new sanctions against a number of Russian officials, businessmen and companies. The list includes Oleg Diripaska, as well as Gazprom CEO Alexey Miller, VTB CEO Andrey Kostin, owner of Renova Viktor Vekselberg, President of Surgutneftegaz Vladimir Bogdanov, Member of Sibur Board of Directors Kirill Shamalov, businessmen Igor Rotenberg and Suleiman Kerimov.

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