Russia is losing around €110 billion a year due to Western sanctions,
but they are not as critical to the economy as lower oil prices, which
add $90-100 billion in losses, says Russian Finance Minister Anton
Siluanov.
"We lose about $40 billion a year because of the political sanctions and around $90-100 billion a year due to the 30 percent reduction in oil prices," RIA quotes Siluanov speaking Monday at the International Financial and Economic Forum.
Lower investment and foreign loans along with capital outflow, estimated at $130 billion this year, are the key components of the loss, Siluanov explained.
Read more: Russia loses € 110bn with sanctions and falling oil prices – Finance Minister — RT Business
"We lose about $40 billion a year because of the political sanctions and around $90-100 billion a year due to the 30 percent reduction in oil prices," RIA quotes Siluanov speaking Monday at the International Financial and Economic Forum.
Lower investment and foreign loans along with capital outflow, estimated at $130 billion this year, are the key components of the loss, Siluanov explained.
Read more: Russia loses € 110bn with sanctions and falling oil prices – Finance Minister — RT Business
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