Ivanov: the West is exaggerating the impact of sanctions on Russia and the value of G8


MOSCOW, October 19. Russia “not crying” on participation in the G8, and the impact of sanctions on its economy in the West is greatly exaggerated. This was stated in an interview with the head of the Russian presidential administration Sergei Ivanov.

“The impact of recent sanctions on the Russian economy the West has been greatly exaggerated. Yes, it causes us some difficulties, it is foolish to deny the obvious, but… in the past we have experienced much more serious problems,” he said.

Ivanov expressed confidence that “attempts to punish Russia meaningless and ineffective”. “Against us imposed sanctions even under the emperors of the Romanovs, nothing new here. Trade barriers were established, financial obstacles — And measures were much tougher than now. Anything before was not afraid, and now will videojim”, – said the head of the Kremlin administration. Ivanov said that Russia had always regarded “with great suspicion”. “Alexander Solzhenitsyn said: the West has for centuries feared the greatness of Russia. Hugeness!”, – noticed the head of the aprf.

See also

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Pushkov believes misty prospects of a return to the G8 format

Experts: effect of G7 in the absence of Russia is declining rapidly

The Russian Federation considers the formats of the G7 or G8 limited and focuses on the work of other associations

Ivanov stressed that Moscow is not seeking to return to the “Big eight”. “In 1990-e years Russia tried long and hard to enter this exclusive club, finally got there to soon make sure: G8 cannot solve the serious problems facing humanity at the present stage”, – said the head of the presidential administration of the Russian Federation. In his words, “eight” allowed to define the Western approach to various issues, “but now the world is completely different.”

Ivanov stressed that the really important issues are dealt with at the G20. “The need to eliminate the chemical weapons stockpiles in that country (in Syria – ed.) agreed it is in the format of “twenty” and not “eight” or “seven”, – gave the example of the representative of the Kremlin. “So that at the G8 we do not cry, I assure you,” he concluded.

The full text of the interview is available on the website tass.ru

About Group seven

The group of seven (G7, the “big seven”) – the Union of economically developed countries, which includes UK, Germany, Italy, Canada, USA, France and Japan. The main objectives include finding solutions to global political and social problems. In the format of “seven”, the organization existed in years 1976-1997. After Russia’s accession to the Union was called the Group of eight (G8, the “big eight”). In March 2014 the events in Ukraine and the subsequent crisis in the relations between Russia and the West, the organization decided to return to the format of “seven”.

According to the head of Russian foreign Ministry Sergei Lavrov, Russia “do not cling to the format of “eight”. The figure-eight – informal club, membership cards no one writes, no one is removed cannot, by definition, – said the Minister. – If our Western partners believe that this format has outlived itself, then so be it. We do not cling”.