Sanctions Aren's Key Story for Russia, Economy Minister Says

Maxim Oreshkin, Russia's Economy Minister, discusses the impact of potential US sanctions on Russia's economy, emphasizing that the growth forecast remains stable despite external pressures. He highlights Russia's strong macroeconomic policies, including fiscal and current account surpluses, which help maintain stability. Oreshkin also addresses structural reforms aimed at long-term growth and the effects of ruble volatility, noting that while it impacts consumers, it supports export activities. Overall, Russia's strong fundamentals are expected to mitigate external economic challenges.

What is the current growth forecast for Russia despite potential U.S. sanctions?

• Negative growth

• Slightly below 2%

• Above 3%

• Around 5%

What are some of the measures Russia has implemented to protect its economy from external volatility?

• Surplus on fiscal and current account

• Raising interest rates

• Increasing external debt

• Reducing foreign investments

What is the primary focus of Russia's long-term economic strategy?

• Short-term growth

• Increasing consumer spending

• Reducing exports

• Structural reforms and investment

How has the ruble performed compared to other emerging market currencies?

• It is one of the five worst-performing currencies

• It has strengthened significantly

• It has remained stable

• It has outperformed the Chinese yuan

What is one of the effects of a weaker ruble on the Russian economy?

• Decreased export activity

• Increased inflation rates

• Stimulated export activity

• Strengthened consumer purchasing power

What is the expected impact of the ruble's depreciation on consumers?

• Permanent negative impact

• Positive impact

• Temporary negative impact

• No impact

What is one of the goals of Russia's economic policies in the context of a weakening ruble?

• To increase foreign debt

• To support long-term economic activities

• To increase consumer imports

• To reduce export activities