Sanctions are a zero-sum game – Russian economy minister
Thursday, May 22, 2014 - 04:46
May 22 - International tensions are relaxing but no one benefits from sanctions against Russia, says Economic Development Minister Alexei Ulyukayev, speaking at the St. Petersburg International Economic Forum.
▲ Hide Transcript
▶ View Transcript
The Russian economy is stalling and investors -- spooked by the Ukraine crisis but how bad. That things really odd turn me now as Russian equipment in the -- -- because. -- -- type the economic slowdown. You've already said before that the could be a recession altitude quarters he's still stunned by this. You know. That aspect of it -- program that recessions. Reports of the -- Minus. Minus zero point 5% for us what. We'll hear. Now from Finland zero. And -- you can pick up to the end -- and you know. Final when information about that -- that those who. You know we're pushing through. So that's in March and April. The importance and pocketed the principal mission. And some that -- and the people prosecution -- its production. Washington's. But because of the more active consume. Some of vehicles. Population. But this. Stable stable. A threat. Or just today so -- that. How how big is still the possibility that the recession can conceive. It's been. So it's simple really the what -- expect. Gross. That this. Investment performance. Four loss. And Google and -- it. Was groups. How big the impact of sanctions do you think will be in the Russian and I'll lose the personal assumption most men and little approvals to vote. Other things like structural -- and some. And grade textbook. Patience and and -- us an engine. And -- and of course is that Google's influence in this -- and they some. And this. Somebody position so they have. And the decision that's this difficult time but today. I'm not sure about. -- and so that's the way. But at the same time we see. If you achieve the Texas here at the forum. I'm do you think -- civilians have no confidence in the Russian economy on behalf of investors. Do you think that the Russian may be kind of doing so would spice economic isolation selflessness. My mind my -- might have cable shows do something different I have a lot of reasons to make room for instance. It. Global companies. Which include. You America. But European and Asian countries. Isolation its own terms politicians if you -- I'm -- Global. Seasons. Of course there was some. -- to make that decision which some call press office. Approval to right so. -- -- -- -- -- -- -- Assumption is prepared for bad investment -- -- for investors. I just just you couldn't decisions it prevents you. Technical and Dolores about. People in the position. That we will be selected and that's. And pushing through some activists feel. Some unpredictable pressure room. And from Republicans in the hopeful -- go out into the decision. Who could be here in such -- position that we. Do remember this expression went from Petersburg that did so now a couple of I had to do. The T think that political pressure may continue -- -- will be in need waive sanctions I hope I called off. I hope not because this is the as heroes of open game nobody can -- them. So. Before the game for -- well what -- Reasonable way. Some evidence and so obsession. With inflation -- -- that people that these if we get.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code