Photo: Edward Dogs / RIA Novosti
The collapse of the Soviet Union was due to internal reasons and was not related to international sanctions, said in an interview with “Moskovsky Komsomolets”, the Finance Minister, first Deputy Prime Minister Anton Siluanov.
“The Soviet Union collapsed when major economic barriers and sanctions began to be lifted in the period of perestroika. Collapsed not because of the sanctions. The Soviet Union collapsed because of irresponsible economic and financial policies pursued in the last years of its existence,” — said Siluanov.
According to him, the current situation is fundamentally different from the late Soviet: “Sanctions, of course, hinder economic development. They’re taking our growth, take away the extra income of the citizens. But to work well it is possible and necessary in these conditions.”
In early July, Saxo Bank released an analytical review, in which he called the Russian economy resistant to stagnation and possible new sanctions.
Video, photo All from Russia.