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.
Read more
“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.