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The U.S. Treasury has estimated the effect of the us sanctions and has come to the conclusion that the imposition of restrictive measures for foreign investors has significantly reduced investments in the Russian economy.
According to the testimony of Deputy Treasury Seagal Mandelker, total foreign direct investment in Russia decreased by more than five percent since 2013. Investment in the U.S. over the same period decreased by 80 percent.
According to assistant Minister of Finance Marshall, Billingsly, the impact of sanctions imposed in April, are immediately apparent.
“According to public estimates, the combined wealth of the 27 richest men in Russia fell by $ 16 billion in one day, traded in the Moscow stock survived the deepest decline in four years and the ruble weakened to the lowest level since the end of 2016”, — he said.
The officials acknowledged that the effects of Russia’s sanctions is not only direct but also indirect, as felt far beyond the caught in the sanctions list of individuals and entities.
Earlier it was reported that as a result of sanctions from the US Russian assets in the “hundreds of millions of dollars” was blocked.
Video, photo All from Russia.