MOSCOW, March 20. /TASS/. The margin of safety of the Russian economy is quite enough to ensure growth and development even amid the anti-Russian sanctions, Russian Minister of Economic Development Maxim Reshetnikov said on Sunday.

"The economy will have to live through a certain period of adaptation, a period of the reorganization of all process. It will be a serious shock we will have to face. But, nevertheless, we do have possibilities for growth and development. Many markets remain open. Moreover, the margin of safety of the Russian economy is huge," he said in an interview with the Moscow.Kremlin.Putin program on the Rossiya-1 television channel.

He noted that expectations that "everything will fall into pieces" are not true. In his words, no one has any illusions about economic problems but there are no problems that cannot be resolved either.

On February 24, Russian President Vladimir Putin announced a special military operation in response to a request for help by the heads of the Donbass republics. He stressed that Moscow had no plans of occupying Ukrainian territories, but aimed to demilitarize and denazify the country.

Following this step, the United States, the European Union, the United Kingdom and several other countries announced sanctions against Russia individuals and legal entities.