Prime Minister Dmitry Medvedev said on Tuesday Russia was suffering significant economic problems because of international sanctions, but the situation could have been much worse and Russia was adapting.
Referring to Western sanctions imposed last year because of Russia’s actions in Ukraine, Medvedev told parliament: “Losses from the restrictions which were introduced are significant.”
“According to estimates of some foreign experts, Russia has suffered losses of 25 billion euros ($26.7 billion) in total, which is 1.5 percent of gross domestic product, and in 2015 it could increase several times,” he said in an annual speech to parliament about the government’s record.
Medvedev said …read more
Source: Voice of America
