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Russia's macro-forecast takes into account tougher Western policy — Deputy PM

April 13, 2018, 17:43 UTC+3 KRASNOYARSK

On April 6, the US authorities announced imposition of sanctions against a number of Russian officials, businessmen and companies

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KRASNOYARSK, April 13. /TASS/. Russia’s conservative macro forecast for the next three years will take into account toughee policy of Western state towards the country, Deputy Prime Minister Arkady Dvorkovich told journalists on the sidelines of the Krasnoyarsk Economic Forum.

The target scenario will focus on the goals set by the President in his address to the Federal Assembly, he added.

"Now we are going to analyze it ... In any case it (the forecast for the next three years - TASS) will contain the target scenario that focuses on the goals set by the president. There will be a conservative scenario that implies tougher policy towards us," Dvorkovich said.

Dvorkovich noted that the existing macro forecast did not take into account the imposition of sanctions against groups of companies of businessmen Oleg Deripaska and Viktor Vekselberg. However the sanctions against them do not drastically change the forecast, he added.

On April 6, the US authorities announced imposition of sanctions against a number of Russian officials, businessmen and companies.

The Russian businessmen who were placed on the new US restrictions list include Gazprom CEO Alexei Miller, VTB head Andrei Kostin, owner of Renova Viktor Vekselberg, Surgutneftegaz CEO Vladimir Bogdanov, Sibur board member Kirill Shamalov, and businessmen Igor Rotenberg, Oleg Deripaska and Suleiman Kerimov.

Among the companies slapped with the latest sanctions are several enterprises belonging to Oleg Deripaska, in particular Rusal aluminum producer. The sanctions in particular envisage restrictions on trade and as a result the markets of the EU and US are closed for Russian aluminum.

In March, US President Donald Trump slapped import duties on steel and aluminum (25% and 10% respectively), which came into force on March 23. However, until May 1, these tariffs won’t be applied to products from Canada, Mexico, the European Union, Australia, Argentina, Brazil and South Korea.

Many countries including Russia have already promised a symmetrical response to the United States and declared their intention to challenge the US tariffs in the WTO.

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