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Thursday, March 30, 2023

In Poland, they told why the Russian economy hadn’t been ‘torn to shreds’ by Western sanctions

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| Stepan Yatsko

Western countries have imposed a large number of sanctions against the Russian Federation, but the Russian economy has not been “torn to shreds”, write analysts from the Polish portal Myśl Polska.

The authors of the restrictions could not achieve an economic shock in Russia due to the fact that the country is an important player in world trade, the authors of the document noted.

The financial sector was also able to quickly adapt to new realities thanks to timely measures taken by the Central Bank of the Russian Federation, as a result of which the work of the state banking sector was stabilized.

Russia’s business sector has also been stabilized by the authorities after the withdrawal of foreign companies from the Russian market, experts said. The vacant seats were filled by domestic businessmen and entrepreneurs from friendly countries, the analysts added.

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