The harsh economic restrictions will only unite the country, not cripple it, the head of VEB.RF has said
Russia will cope with the draconian international sanctions over the conflict in Ukraine, as those who have imposed them simply don’t understand the unique “Russian character,” Igor Shuvalov, who heads the VEB.RF state development corporation, has told RT in an exclusive interview.
When asked if the country will be able to withstand the current curbs that, among other things, saw Russia being excluded from the SWIFT payment system, a huge chunk of its foreign exchange reserves frozen, and numerous foreign brands leaving the local market, Shuvalov said “yes” without hesitation.
It’ll be achieved through “several years of hard work and full intellectual and physical mobilization,” he assured, noting Moscow had already been successfully implementing import substation projects since 2014. Back then, the country was faced with the initial waves of US and EU sanctions in response to Crimea’s decision to rejoin Russia.
“The people who impose sanctions don’t understand the Russian character. The greater the pressure from the outside, the more united we are and willing to do as we see fit,” Shuvalov, who used to be Russia’s First Deputy Prime Minister from 2008 to 2018, insisted.
“We will ourselves figure out what to do at home. We don’t need to be lectured and helped by those who seize what we rightfully own,” he added.
Driving the Russians into a corner by imposing economic sanctions “won’t do any good” to those pursuing this path, the official warned. Dialogue is the only way to deal with Moscow, he added.
“No one has ever defeated us. People just don’t remember the history of the 20th century. They probably have a feeling that they will succeed in the 21st century, but I don’t believe it,” he said.
According to Shuvalov, Russia has been going through “a hundred years of difficult transition” that included “suffering, terrible wars, famine” and other hardships, but it’s going to be concluded soon, with the country coming out of it with a strong economy.
Sanction pressure on Russia was ramped up after Moscow sent its troops to Ukraine in late February, following a seven-year standoff over Kiev’s failure to implement the terms of the Minsk agreements, and Russia’s eventual recognition of the breakaway Donbass republics in Donetsk and Lugansk.The German- and French-brokered protocols had been designed to regularize the status of those regions within the Ukrainian state.
Russia has now demanded that Ukraine officially declare itself a neutral country that will never join the US-led NATO military bloc. Kiev insists the Russian offensive was completely unprovoked and has denied claims it was planning to retake the two republics by force.
RT (Russia Today) is a state-owned news organization funded by the Russian government. The information provided by this news source is being included by the Libertarian Hub not as an endorsement of the Russian government, but rather because it is being actively censored by Big Tech, Western governments and the corporate press. During times of conflict it is imperative that we have access to both sides of the story so we can form our own opinions, even if both sides are spewing their own propaganda. The censorship of RT, despite likely being a propaganda outfit for the Russian government, reduces our ability to hear one side of the conflict. For that reason, the Libertarian Hub will temporarily republish the RSS feed from RT. Visit https://rt.com
