Speaking at an event in Moscow, Shohin said Russian companies are struggling with the impact of sanctions. Reminding that Western countries have imposed technology restrictions on Russian companies since 2014, Shohin said, “Fuel and energy are the sectors that feel this pressure the most.”
Emphasizing that Russian companies also face difficulties in opening up to new markets, Shohin said, “Apart from the energy sector, problems continue in transportation, logistics and payment systems.”
Predicting that Europe will not change its attitude despite the possibility of the US easing sanctions, Shohin said, “The US may loosen restrictions, but the Europeans will increase the pressure. Therefore, it is unrealistic to expect a significant easing of sanctions pressure in 2025.”
While Western countries imposed comprehensive sanctions against Russia after the Ukraine war, Russian markets and the ruble gained value due to the recent Russia-US talks.
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