Situation with Russian, US diplomatic missions stabilized — TillersonWorld September 20, 7:07
Russia has no doubt that US can do something destructive to North Korea — LavrovRussian Politics & Diplomacy September 20, 6:21
ECHR rules not to revise its judgement on Beslan hostage taking caseWorld September 19, 19:18
Trump vows to 'totally destroy North Korea' if threatenedWorld September 19, 17:50
Russian top brass calls on US to not hamper Damascus’ fight against terrorismMilitary & Defense September 19, 17:49
Zapad-2017 exercise puts Russian army’s "nervous system" to testMilitary & Defense September 19, 17:33
Ukrainian conflict led to spike in hate speech, Russophobia — Council of EuropeWorld September 19, 17:00
Russian regions contribute scores of natural stones for memorial to Gulag victimsSociety & Culture September 19, 16:45
Warsaw police hunting vandals who desecrated Soviet military cemeteryWorld September 19, 16:39
“Western sanctions have a serious indirect effect on the Russian economy but have no direct impact, for instance, on equipment supplies,” Storchak believes.
The sanctions’ effect intensified as they came at the time of the Russian economic decline, Storchak said. Economic stimulation measures played a role in the previous years but by late 2012 it had become obvious there was a need for new approaches, he added.
Meanwhile, sectoral sanctions will require more serious resistance measures as potential sanctions against major banks and financial sector will lead to difficulties with money transfers, Stochak believes.
At the same time, the sanctions stoked discussion about new mechanisms for settlements between different jurisdictions, Storchak said, one of the reasons being the developing countries’ wish to make more active use of the national currencies in international payments.