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Anti-Russian sanctions

Russian economy adapts to sanctions pressure — official

Andrey Belousov also noted that the ruble exchange rate stabilizing at the level of 90 rubles per dollar is acceptable for the Russian economy and indicates that it has reached an equilibrium between imports and exports

MOSCOW, December 21. /TASS/. The Russian economy adapted to sanctions pressure and the country’s export potential has been preserved, Russia’s First Deputy Prime Minister Andrey Belousov said on Thursday.

"Preliminary results of the year suggest that the Russian economy as a whole has adapted to sanctions pressure. By building effective interaction with partners from friendly countries and promptly developing the necessary tools to support Russian entrepreneurs, it was possible to maintain the country’s export potential and provide the population and businesses with necessary goods and resources," he said.

He also noted that the ruble exchange rate stabilizing at the level of 90 rubles per dollar is acceptable for the Russian economy and indicates that it has reached an equilibrium between imports and exports. "In general, we can say that the Russian economy has found a point of equilibrium between exports and imports. Evidence of this is the stabilization of the exchange rate around 90 rubles per dollar, which is acceptable both in terms of exports and the country’s consumer and investment markets," he said.

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Sanctions vs. Russia

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