Russia’s share of trade with countries that introduced sanctions drops to 10%
Kobakov noted that the sanctions imposed on the Russian economy have had the opposite of their intended effect.
The share of companies from countries that imposed sanctions on Russia has decreased from 90% to 10% of the country’s trade structure, Presidential Aide and Executive Secretary of the Organizing Committee of the St. Petersburg International Economic Forum (SPIEF) Anton Kobyakov told reporters.
"Previously, 90% of our trade was with our import partners. Now they account for only about 10% of trade. The rest is domestic trade," he said. Kobakov noted that the sanctions imposed on the Russian economy have had the opposite of their intended effect.
"In terms of numbers, the structure of our economy has improved over the past years. Experts have commented on this, and the president also addressed it during yesterday’s plenary session. Everyone has realized by now that sanctions will not break us. On the contrary, they have helped us identify what we need to produce domestically. A great deal of compelling domestic products has emerged, and many new market participants have appeared in various segments," he stated.
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The share of companies from countries that imposed sanctions on Russia has decreased from 90% to 10% of the country’s trade structure, Presidential Aide and Executive Secretary of the Organizing Committee of the St. Petersburg International Economic Forum (SPIEF) Anton Kobyakov told reporters.
"Previously, 90% of our trade was with our import partners. Now they account for only about 10% of trade. The rest is domestic trade," he said. Kobakov noted that the sanctions imposed on the Russian economy have had the opposite of their intended effect.
"In terms of numbers, the structure of our economy has improved over the past years. Experts have commented on this, and the president also addressed it during yesterday’s plenary session. Everyone has realized by now that sanctions will not break us. On the contrary, they have helped us identify what we need to produce domestically. A great deal of compelling domestic products has emerged, and many new market participants have appeared in various segments," he stated.
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