Russian PM vows to mitigate impact of economic sanctions

Russian PM vows to mitigate impact of economic sanctions

Photo: the Kremlin

Russian Prime Minister Mikhail Mishustin announced today a plan to ease economic sanctions imposed on the country due to the invasion of Ukraine. The statement came on the official government channel on Telegram..

According to Mishustin, Sanctions pressure on the Russian economy is increasing.

Moscow sees that the restrictions “hostile acts” by the United States, European Union countries and some other countries, and claims that the main objective is ’cause damage’ population.

“We had no illusions about these business for a long time. Therefore, we prepared ourselves and made several decisions to mitigate their consequences as much as possible, both for the economy and for people. “Mishustin said.

He said government measures mainly deal with technical aspects of cash flow and project development to replace imported components. “It is now important to respond quickly to changes, to act actively, efficiently and without fail,” The prime minister is an economist.

Mishustin, who did not go into details of the measures, met with the deputy prime ministers, and called for immediate monitoring of the situation in each region.

Russia suffers from sanctions from the European Union, the United States, the United Kingdom, Japan and some other countries. In particular, they addressed the ban on foreign exchange transactions of some banks, the ban on personal assets of employees and businessmen, as well as the ban on the supply of some components to Russia.

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