Russian President Vladimir Putin attends meeting with members of the Presidential Council
Highlight
- The Russian economy almost permanently exists in conditions of increased risks of sanctions
- Russia has the necessary margin of safety to adjust its financial policy, said Russian FM
- Russia has been facing a number of sanctions from around the world since its invasion of Ukraine.
The director of the Department of Economic Cooperation of the Russian Foreign Ministry said that under sanctions, the Russian economy is adopting a policy of reducing the use of the dollar in domestic and international settlements, and is also moving towards alternative capital markets for Western countries. Dmitry Birichevsky, RT told
“The Russian economy exists in conditions of increased risks of sanctions almost permanently. We proceed from the fact that the country’s domestic market and foreign economic relations are gradually adapting to changing conditions,” Riya Novosti told him. Quoted as saying.
Birichevsky said Russia has the necessary margin of safety to adjust its financial policy, and also assesses the risks of sanctions.
“Reducing the use of the dollar in both domestic international reserves and external settlements, focusing Western markets on alternative capital markets … are key elements of Russian economic policy,” a Russian Foreign Ministry spokesman said.
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