New US sanctions could actually BOOST Russian economy, Moscow trade officials say, with more goods & products being made at home

Another round

Another round of American economic measures aimed against Russia could have the unintended effect of strengthening the country’s economy, officials in Moscow have warned as Washington considers introducing new embargoes this week.

“Fresh US sanctions will only intensify the process of switching away from dependency on imports in our technological supply chains,” a spokesperson for the Ministry of Industry and Trade told RIA Novosti on Monday. Instead, the department said, “the money used to pay for imports will stay in the country and go towards employees’ salaries and developing new enterprises.”

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