Russia starts design work on Priboy advanced helicopter carrierMilitary & Defense June 28, 13:29
Russian hi-tech firm to unveil concept of new corvette armed with 24 cruise missilesMilitary & Defense June 28, 13:21
Ukraine’s Internet association chief rules out Russia’s role in Petya ransomware attackWorld June 28, 13:03
Press review: Russia's 'Korean de-escalation' roadmap and India's balancing actPress Review June 28, 13:00
Defense Ministry refutes BBC reports on alleged capture of Russian serviceman in UkraineRussian Politics & Diplomacy June 28, 12:50
Pilot model of advanced marine engine to be built in near futureMilitary & Defense June 28, 12:41
Moscow alarmed at US remarks that Damascus may be ‘preparing chemical attack’Russian Politics & Diplomacy June 28, 12:37
Poll shows Russians see US and Ukraine as main sources of military threatSociety & Culture June 28, 11:52
Putin says St. Petersburg international naval show helps promote Russian hardwareMilitary & Defense June 28, 11:47
“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.