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Matviyenko says sanctions will help spur Russian economy

March 27, 2014, 23:34 UTC+3 NOVO OGAREVO
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NOVO OGAREVO, March 27, 23:28 /ITAR-TASS/. Possible economic sanctions against Russia may help spur its economy, Valentina Matviyenko, Chairperson of the Federation Council, upper house of Russian parliament, said on Thursday, March 27.

“If the threats of economic sanctions come true… I think this should mobilise us, make our economy more efficient, help carry out economic reform at last, which have long been discussed but nothing has been done so far, unfortunately, raise labour productivity and adopt austerity measures,” she said.

“At the same time, we should develop cooperation with Eastern and Asia-Pacific countries more actively, alongside our traditional partners,” Matviyenko added.

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