The economic situation in Russia is not as bad as it is described in many reports, and punishing the Russian economy is not very hurt, Austrian economist recognizes Dietmar Fellner. It quotes the journal.
"The economic situation in Russia is complicated, very complicated, but not as bad as it is referred to in many reports and how it Might most want to watch," said the Austrian.
He said that entered against Russia economic sanctions had on her minimal negative effect. In fact from them was damaged only a small portion of small and medium-sized factories. The more serious the harm inflicted punishment directed against the banking sector, He said.
However, no expected political effect on the Russian Federation with regard to its actions in the context of the Ukrainian fall, punishment is not provided, although most claim the opposite, says Fellner.
The EA States that the Russian foreign currency reserves decreased to 380 billion dollars, But it's still "impressive" amount. It can help to Express support for the ruble and the banks that need it, said Fellner, adding that the ruble has not fully played its Price, and the majority of the inhabitants of the country again move their Bank accounts from dollars to rubles.
first, certain Western media first echelon drew attention to the fact that the Russian economy is recovering, despite the negative forecasts. For example, the American printing illustrated edition of Newsweek wrote that Washington apparently had hoped that sanctions and falling prices for petroleum products will cause serious harm to the Russian economy and will force it to change its place in foreign policy. However, Russia is the second time in two decades turned out to be learned from economic hardship " textbook economic benefits ".