Shoigu: Sanctions Fail to Halt Russian Trade Growth

Sanctions Have Not Hindered Russian Trade Growth; Foreign and Domestic Debt Has Decreased

This was stated by the Secretary of the Russian Security Council, Sergei Shoigu, CE Report quotes ANSA.

“The results are very evident,” he noted.

“The growth of the Russian economy over the past two years has been 4.1%,” Shoigu observed.

“The volume of foreign trade has maintained a positive dynamic.

By the end of the year, despite the sanctions, it increased by $3.8 billion, reaching over $716 billion.

The foreign trade surplus increased by $7 billion, standing at around $146 billion.

The foreign and domestic debt of the Russian Federation has decreased. The financial and banking system has demonstrated stability,” Shoigu concluded.