The Kremlin may have felt ‘some anxiety’ when the US started sanctioning Russia, but in the end that only made its economy stronger. Investors seem to agree, with Russian bonds now deemed more appealing than those of China and US.
Restrictions that the US and its allies have been imposing on Moscow since Crimea reunited with Russia and the Ukrainian conflict broke out in 2014, “have forced us to develop import substitution” in key areas like agriculture, pharmacy, defense and others, President Vladimir Putin said at the ‘Russia Calling’ investment forum in Moscow on Wednesday.
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