Sanctions damage to Russian industry is $20bn
12 August 2015 (09:06)
UrBC, Moscow, August 12, 2015. Damage to the Russian industry caused by foreign sanctions could reach $20bn, Banki.ru refers to interim Russian Industry & Trade Minister Gleb Nikitin as stating.
‘Damage might reach $20bn due to domestic market refinancing growing more expensive and due to lack of foreign loan refinancing,’ he said.
Nikitin said foreign sanctions were mainly targeted against the Russian O&G and defense industries, and it is precisely these industries that are doing somewhat better, despite the economic crisis.
‘These sectors meet all their obligations in full,’ he said.
‘Damage might reach $20bn due to domestic market refinancing growing more expensive and due to lack of foreign loan refinancing,’ he said.
Nikitin said foreign sanctions were mainly targeted against the Russian O&G and defense industries, and it is precisely these industries that are doing somewhat better, despite the economic crisis.
‘These sectors meet all their obligations in full,’ he said.
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