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12 April 2022, 17:41

Russian economy keeps working effectively amid sanctions, Putin says

AMUR OBLAST, 12 April (BelTA) – The Russian economy works steadily and effectively amid sanctions. President of Russia Vladimir Putin made the statement after negotiations with Belarus President Aleksandr Lukashenko at the Vostochny Cosmodrome in Russia's Amur Oblast on 12 April, BelTA has learned.

Vladimir Putin admitted that the introduction of sanctions had resulted in problems and risks in logistics and transactions.

He added: “But it is also obvious that the Russian economy works rather steadily and effectively. And the U.S. dollar exchange rate has returned to the parameters registered before [Russia's special military] operation [in Ukraine] and so on. Although risks may become higher in the medium term and the long term. Anyway, Russia's adversaries intend to continue stepping up their efforts. The Russian economy and the financial system stand rather solidly on their feet. I think this trend in favor of preservation of macroeconomic indicators, in favor of calm, rhythmic, and professional work of the economic bloc will become evident soon.”

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