Incidents, Economics

 Sanctions inflicted damage worth of 25 billion euros to the Russian Federation. It can grow by several times in 2015 - Russian PM

The damage inflicted to the Russian economy by the sanctions could grow by several times in 2015.

Russia's Prime Minister Dmitry Medvedev said, Censor.NET reports citing ZN.UA.

"I'm not going to specify what kind of sanctions we have been living under for almost a year. But there is almost no sector of the economy which they had not hurt. Starting from the financial sector which was impacted by the restrictions on access to foreign loans and ending with the import of technologies," Medvedev said, speaking at the State Duma with a report on the activities of the government.

He also voiced the expert report concerning the damage inflicted to the Russian Federation due to sanctions.

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"The damage from the restrictions imposed against our economy is significant and let's not conceal it. According to some foreign experts, Russia has suffered damage worth of 25 billion euros (1.5% of GDP). It can increase by several times in 2015," the prime minister said.

Western countries began to impose sanctions against Russia in March 2014 in connection with the aggressive policy of the country against Ukraine.

Источник: https://en.censor.net.ua/n333489