Siluanov: sanctions promote reforms in Russia

Russian Finance Minister Anton Siluanov believes that the Western sanctions promote the process of reforming the country and play a positive role to some extent upon the economy.

However, their impact on the global economy is connected with a number of negative trends, the minister said.

First of all, it is about the protectionism policy and influence upon some countries aimed at having preferences.

“We believe it is a way to a deadlock in development of the world economy,” TASS quotes him as saying.

Earlier, the US raised import duties for aluminum what cost Russia $537.6mn per year, imposed restrictions against leading Russian companies and is trying to derail construction of Nord Stream 2 pipeline.