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20 of August, 14:00

The Ministry of Finance: Sectoral punishment begins to be felt on the Russian economy
Sectoral punishment imposed by Western countries on access to long-term borrowed capital for the Russian credit institutions and organisations are beginning to be felt, and will affect the Russian economy, said Deputy Finance Minister Sergei Storchak.
According to Storchak, " 1st call " came when the limits imposed by Visa and MasterCard. In the future there will be issues related to the fear of Russian exporters for safety of foreign exchange earnings, transfers ITAR-TASS." Then we naturally have questions security of money transfers associated with servicing those loans we granted to foreign borrowers, " said the Deputy Minister. He explained that all payments pass through international channels of inter-Bank cooperation and the presence of the sanctions lists causes some concern among financial institutions that work closely with Russia. Storchak noticed that questions the safety of your funds as long as there is, however, certain Western partners have asked for clarification about the possibility of using old TV for a refund. Remember, the EU and the U.S. have imposed penalties regarding Russia. The last time the European Union has expanded the legal basis for the use of prohibitive measures of the EU in connection with the situation in Ukraine. Washington's own hand has introduced a fresh punishment on the Russian organizations, as well as among them and Vnesheconombank, Gazprombank, energy organizations Rosneft and NOVATEK, as well as organizations of the Russian defence industry, including the " Almaz-Antey " concern " Kalashnikov ". Punishment USA also touched on NGOs " Izhmash ", NGO " Basalt ", Uralvagonzavod and instrument design Bureau. In response to this since August 7, Russia imposed a complete ban on the export of beef, pork, fruits, poultry, cheese and milk from the EU, USA, Australia, Canada and Norway, which introduced sanctions against Russia.

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