Photo: Thomas Peter / Reuters
Trade war the US and China could lead to lower prices for Russian resources, reports TASS the words of the Minister of economic development of Russia Maxim Oreshkin.
“It is clear that this story will have a negative impact on the demand for Russian products,” he said. According to the Minister, this will lead to lower prices for commodities and key resources (oil, metals and coal).
The weakening of global demand, in his opinion, would have a deterrent effect on non-oil export of Russia. The Minister sees no direct effect on macroeconomic indicators from the trade war, the United States and China.
“It is clear that despite all the rhetoric now, the introduction of certain duties, which already declared a de facto direct effect on trade from the last no solutions,” said Oreshkin. According to him, Russia is now one of the most protected economies to external influences.
Last year the head of the Bank of Russia Elvira Nabiullina stated that in adverse external conditions, Russia should carry out economic reforms. To adverse external conditions, it took the decline in emerging markets, as well as the trade war and new sanctions.
Video, photo All from Russia.