Russia loses $200 billion due to fall of oil price, western sanctions

Russia loses $200 billion due to fall of oil price, western sanctions
# 30 January 2015 08:40 (UTC +04:00)

The minister added that the plunge in the world oil prices has had a more serious impact on Russia’s economy as the main impetus towards downturn, and that the financial deficit caused by the sanctions is $40-50 billion.

"The sanctions against Russia had a negative impact on us. However, the Russian companies and the country’s balance of payments managed to adjust. The ruble devalued, but as you can see life goes on in Russia," Siluanov said.

Note that, the European Union on Thursday passed a decision on extending the term of the sanctions imposed on Russia for another six months.

#
#

THE OPERATION IS BEING PERFORMED