The Russian economy is afraid of us sanctions

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Photo: Dmitry Azarov / Kommersant

86 percent of Russian companies are afraid somehow fall under the US sanctions, it follows from the results of a survey of the Adizes Institute, who is quoted by RBC.

The authors interviewed more than a thousand owners and top managers of the largest companies in Russia. Activity 38 percent of them connected with the industry, 17 percent to construction, 16% transport 14% Finance, nine per cent from IT and six percent with medicine. A large part of the respondents does business in the Central Federal district with 37 per cent, in the North-West has 22%, in the Volga and southern — 21%, in the Siberian and Urals — by 20 percent.

All the interviewees stated that felt the impact of the April sanctions: 95 per cent felt their own due to the fluctuations of the ruble, the rest are lost to competitors due to restrictions.

14 percent of companies are not afraid to fall under the sanctions, 86 percent are concerned about such a prospect. The most likely scenario is restricting Russia’s access to Western goods or technology. Businesses also fear of currency fluctuations and a possible ban on currency transactions for state banks.

The last date of the US sanctions against Russia was introduced in August. Under the ban came deliveries to Russia arms and dual-use goods. Also now prohibited any loans from American banks.

Video, photo All from Russia.

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