The harsh economic restrictions will only unite the country, not cripple it, the head of VEB.RF has said
People in Moscow gather for a rally marking the eighth anniversary of Crimea’s reunification with Russia. © Sputnik / Ilya Pitalev
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.