Russia will not bend under sanctions – finance minister

By RT International

 

Russia has managed to adapt to foreign pressure and expand its economy despite being the world’s most-sanctioned country, Finance Minister Anton Siluanov told RT’s Rick Sanchez on Sanchez Effect.

Many Western nations have imposed sweeping sanctions on Russia since 2022 over the Ukraine conflict, targeting sectors such as trade, energy, and finance.

Nevertheless, the Russian economy has grown by over 4% over the past two years, and real incomes rose by more than 7% last year, Siluanov noted.

“Our debt-to-GDP ratio stands at 15% – one of the best among G20 countries. Our budget deficit is the lowest, at just 1.7% in 2024, and this year it will remain about the same. A responsible financial policy is yielding results,” he said…

READ FULL ARTICLE HERE… (rt.com)

 

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