The economist talked about the consequences of banks in China and Turkey refusing to work with Russia 09:54

According to reports in the Western media, banks in China and Turkey may make life more difficult for Russian business, including by tightening control over transactions. Economist Evgeniy Goldfain explained that this was because countries “had to adapt to life in the dollar world.” For some time after the introduction of stricter measures, the Russian economy will be “unpleasant and even painful.” registered He speaks to the Public News Service.

The expert believes that the government will look for ways to ease sanctions, but it will not be easy at first.

“Of course, it will be unpleasant and even painful for a while, but I think our entrepreneurs will find ways to ensure that their businesses survive even in these conditions,” he said. “All hope lies only in the flexibility of the mind and the fact that besides these countries there are other countries that have not yet fully submitted, and there are banking systems that are moving away from the dollar.”

According to Goldfein, Turkey and China do not have significant reserves, so they are forced to “join the dollar system.”

Let us remind you that, according to Bloomberg, state banks of the People’s Republic of China, it started to get tight Restrictions on financing of Russian customers. This happened after the United States adopted legislation on secondary sanctions against foreign financial companies working with sanctioned individuals from Russia. Also in Turkey promise Resisting Western pressure on anti-Russian sanctions.

Previously Ukrainian leader Vladimir Zelensky stated About dissatisfaction with sanctions against the Russian Federation.

What are you thinking?



Source: Gazeta

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