MOSCOW, March 19. /TASS/. Russia’s economy will never collapse because of the sanctions, Deputy Chairman of the Russian Security Council Dmitry Medvedev said on Saturday.

"We have all the possibilities for own development. The previous sanctions have done us good to a larges extent, forcing us to develop import substitution in all sectors, including in science-intensive ones, to develop new technologies, products and medicines," he wrote on his Telegram channel. "The government has already taken decisions to support people and the economy: social allowances, extra financing of high technology sectors, agriculture, the banking sector."

"There will be no collapse in the economy," he reassured.

Moreover, "Russia has many reliable partners not only in the post-Soviet space, but also in China, Southeast Asia, African countries," he noted. "It is a huge, promising market, which is not that conflicting as Europe’s. The results of this partnership and cooperation are quite evident."

He recalled an "ironical picture posted by a Chinese foreign ministry spokesman in a social network - a world map as seen by Western politicians." "Only their friends and allies - Western Europe, the United States, Australia. Without Russia, China, Africa, Asia… Small islands in a boundless ocean. Quite vivid," he noted. "They may call themselves ‘the golden billion’ but there are much more people in the world and some metals are more expensive than gold. By the way, we produce them as well. So, it is a big question who is isolating whom.".