Patrushev allowed the restructuring of the economy thanks to the opposition to sanctions

The Security Council is preparing measures aimed at blocking attempts by Western countries to provoke an economic crisis in Russia. Effective resistance to sanctions will make it possible to restructure the economy, Nikolay Patrushev believes =”Patrushev allowed the restructuring of the economy thanks to the opposition to sanctions” />

Countering the sanctions pressure of foreign countries will allow for a structural restructuring of the Russian economy, said Nikolai Patrushev, Secretary of the Russian Security Council. He wrote about this in an article for Rossiyskaya Gazeta. on the occasion of the 30th anniversary of the formation of the Security Council.

According to him, the Security Council is developing measures aimed at blocking attempts by Western countries to provoke an economic crisis in Russia, which could threaten to aggravate the social situation in the country.

“Effective resistance to unprecedented sanctions pressure will allow not only to cope with the economic aggression unleashed against our country, but also to carry out a deep structural restructuring of the Russian economy,” — he declared.

After the start of the military operation in Ukraine, a number of foreign countries imposed sanctions against Russia, which affected the banking sector, the military-industrial complex, businessmen and the political elite. In this regard, in early March, the government, on behalf of President Vladimir Putin, approved a list of “unfriendly” states (it includes all EU countries, the USA, Great Britain, Japan and others) and established the rules for transactions with them.

Russian citizens, companies, the state, regions and municipalities will be able to pay off their obligations to creditors from these countries in rubles. In addition, all transactions and operations of Russian companies with citizens and firms from these countries must be approved by the Foreign Investment Control Commission.

Later, Putin signed a law on tax measures to support the economy in the face of sanctions against Russian individuals and legal entities. The law allows citizens not to pay tax on income from interest on deposits, and organizations— apply for VAT refunds under certain conditions.

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Premier Mikhail Mishustin said in early April that the Russian economy needed “at least six months” to rebuild “with such a blow,” and in late May, the head of the Central Bank, Elvira Nabiullina, said that the Russian economy was entering a period of structural transformation and at that time would be in dire need of in financial resources. “As long as the economy adapts, it will be difficult for both companies and citizens,” — she noted, while pointing out that the process of structural transformation “will not be endless”; and business will find new opportunities.

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