(Dan Tri) – Russia under the leadership of President Vladimir Putin is gradually finding a way out of the crisis caused by US sanctions in order to find stability for the macro economy.

President Putin during his inauguration ceremony at the Kremlin in May (Photo: Reuters)

Since the beginning of the year, the US has still sought to step up sanctions against Russia on a series of issues regarding Syria, Ukraine, cyber security as well as actions that Washington considers Moscow’s `bad` actions around the world.

According to Washington Post writer Anton Troianovski, US sanctions could negatively impact Russia’s long-term economic prospects.

“Sanctions cannot currently destroy macroeconomic stability, but they can hinder Russia’s development path.

In recent months, the US has imposed economic sanctions on Russian individuals and organizations at least six times, targeting network contractors, banks, tycoons and even airlines.

Since Russia annexed the Crimean peninsula in 2014, the administration of former US President Barack Obama and the European Union (EU) have announced a series of sanctions against citizens and elements.

Sanctions have slowed Russia’s economic growth, while making it difficult for the Russian middle class to access wealth opportunities.

Russia’s response

How Mr. Putin `steadily steered` Russia to overcome US sanctions

President Putin and President Trump meet in Helsinki, Finland (Photo: AFP)

However, with Russia’s low unemployment rate and inflation still under control, US sanctions have so far done little harm to the fundamental stability of the Russian economy.

To cope with US sanctions, President Putin has promoted balancing measures to help Russia overcome both short-term and long-term negative impacts from sanctions.

“They (Russia) are not aiming for growth.

According to economists, Russia has many resources to prevent sanctions from causing a crisis that threatens to undermine President Putin’s leadership.

“We will not waste our resources now.

Russia’s reserve resources are clearly visible, including billions of dollars transferred this year to the National Welfare Fund, which is used to support the pension system, and central bank reserves.

The Kremlin is also considering a harsher measure to ensure Russia’s financial stability.

In 2014, President Putin decided to respond to sanctions by banning Russia from importing food from the West, thereby boosting Russia’s domestic production.

Within Russia, even critics of the Putin government are skeptical about the wisdom of sanctions.


According to Washington Post