Kudrin: the punishment of the West affect the economy of the Russian Federation not less than oil prices
The former head of the Russian Ministry of Finance Alexei Kudrin believes that the punishment of the West for Russia have on the economy of the country no less significant than the decrease in oil prices.
" punishment affect the Russian economy is not less than the decrease in oil prices, " said Kudrin at a press conference on results of the year.
Relations between Russia and the West deteriorated in connection with the situation in Ukraine. At the end of July, the EU and the US from point penalties against private individuals and organizations turned to measures against entire sectors of the Russian economy. In response, Russia has restricted the import of food items from countries that have introduced in relation to penalties: USA, EU, Canada, Australia and Norway.
The US and EU do not recognize the annexation of Crimea to Russia and accuse Moscow of interfering in Ukraine. Russia denies it and calls the accusations are unacceptable. Western countries since March has repeatedly imposed punishment on a number of Russian politicians, businessmen and organizations and threatened to make wider restrictive measures. The last case of the use of such practices began in December limits, when the head of the U.S. announced an economic blockade of the Crimea, and in the sanctions List included a number of famous figures from the Crimea and Eastern Ukraine.
The list of Russian Citizens and organizations, who are under punishment, -