Nothing will save you from the collapse? For whom in the Russian Federation sanctions will be disastrous

It seems that Russia has begun to realize the destructiveness of the sanctions for the bloody war in Ukraine

The Russian economy cannot withstand the yoke of sanctions / Photo: Getty Images, Collage: Today

Under the influence of international sanctions, the Russian economy continues to steadily collapse. Although Russian propaganda continues to talk about the country’s unprecedented successes, officials on the ground seem to be beginning to recognize the imminent collapse.

Andrey Klishas, ​​head of the Federation Council Committee on Constitutional Legislation and State Building, said that “the import substitution program has completely failed,” CEPA reports.

Economist, professor of Moscow State University Natalya Zubarevich agrees with his words. She is confident that Russia will not be able to replace any goods while the war continues and sanctions are in place. According to her, the automotive industry, among other things, is highly dependent on imports. Factories bought foreign equipment, but now they cannot service it.


The expert noted that even her local hairdresser was left without hair dyes, because imports are prohibited.

“The Russian economy is very closely integrated into the global world”, – added Natalya Zubarevich.

Moreover, according to the report of the Higher School of Economics “New Contours of Industrial Policy”, the key industries of the Russian Federation are critically dependent on imports from the EU and the USA.

The authors note that if Russia starts looking for alternatives, it will take years, and this is not possible in every sector. For example, the share of imported components in the manufacturing industry reaches 46%, and in some industries it is more than 50%.

The country’s pharmaceutical industry is also suffering. The share of imported medicines in 2021 was 67%. At the same time, according to media reports, even for the so-called Russian drugs, components and production equipment are mainly purchased abroad. According to Natalia Zubarevich, Russia imports 80-85% of the raw materials used for the production of domestic medicines.

New sanctions against Russia

Europe has already approved the sixth package of sanctions against the Russian Federation. It involves a ban on two-thirds of Russian oil, as well as the disconnection of Sberbank from SWIFT. How Russia is going to buy European and world products bypassing sanctions

In addition, the EU countries have already begun work on the seventh package of sanctions. It is expected that there will be a coal embargo in it.

Earlier we told how the Russians are already feeling the effect of the sanctions. We also wrote how Russia, bypassing sanctions, is going to buy European and world products

Source: Segodnya

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