Manturov: the extension of the sanctions pose no threat to the Russian industry

Manturov: the extension of the sanctions pose no threat to the Russian industry


The industry has adapted to EU sanctions, their extension does not worsen the situation, said Minister of industry and trade of the Russian Federation, adding that it is unclear what he wants to achieve the EU such actions.

MOSCOW, 29 Dec. Extended EU sanctions against Russia will not worsen the situation in the Russian industry, it has adapted, the head of Minpromtorg Denis Manturov.

“Our industry has adapted. And what he wants to achieve the European Union such actions — it’s hard to say. Probably just another to invent anything already it is impossible — that our Western colleagues and assume that there”, — said Manturov in an interview.

“If to speak about difficulties that have arisen and persist is, of course, access to financial markets. But, at the same time, we need to get used to take loans in rubles. Yes, it’s expensive, but we have the measures of state support to compensate interest rates on loans, project financing, launching the mechanism of preferential leasing of technological equipment. To depend all the time from Western markets and situations in which we put our Western partners and Western funding, just not worth it”, he said.

The chronology of the imposition of sanctions and Russia’s response >>