Minister of Economic Development of the Russian Federation Maxim Reshetnikov . File photoBANGKOK, May 22.Western sanctions against Russia create unique opportunities for Asian countries in the import and export markets of Russia, Economic Development Minister Maxim Reshetnikov told reporters in Bangkok. these days in the capital of Thailand.» In all such situations (in the context of sanctions. — Approx. ed.), On the one hand, this is a problem, on the other hand, these are opportunities (for the economies of Asia. — Approx. ed.), Including including for the Thai economy, to enter the Russian market and fill those niches that have formed. <…> On the other hand, these are opportunities for Russian enterprises, which are now actively looking for new markets, — energy resources, oil, oil products, gas and fertilizers, and food products, engineering products,» Reshetnikov noted. He added that the delegate The Ministry of Economic Development is also in Bangkok to discuss the opportunities that have opened up with the Thai side. Russia has long been living under sanctions, Reshetnikov continued. «Back in 2014, the first package was adopted, as a result, we were able to use this pressure from outside to strengthen our own economy . <…> We have significantly strengthened our agro-industrial sector, strengthened our engineering, and used this time to diversify our exports, including fuel and energy,” he explained. .jpg» />Reshetnikov said that Russia needs to turn to Asia. In addition, as a result of sanctions in the world, there will be a reorientation of resources, Reshetnikov believes. «It is obvious that Europe will take oil products from the American continent and transport from Asia, and we, accordingly, will offer, promote to the Asian market,» the minister said. He admitted that due to changes in logistics, for European consumers, this will all result in an increase in the price of petroleum products. «First of all, European consumers will have to pay for this, since the cost of fuel will increase there, and Asian consumers will benefit, from our point of view, because competition in Asian markets will increase in this regard,” the head of the Ministry of Economic Development suggested. >Sanctions could increase Russian-Thai trade turnover, Reshetnikov saidThe minister recalled that pivoting towards Asia and accelerating the reorientation to Asian markets is a strategic direction for Russia, because Moscow is aware of the long-term nature of the restrictive measures imposed against it. «We will make every effort to in order to integrate into value chains precisely together with Asian countries, together with Arab countries, including countries, together with South America,» the minister promised. In his opinion, new large independent economic centers will appear in the world. «Those events which are now taking place will generally push the withdrawal from the dollar currency system and the payment system. Alternative systems will be developed, and at the same time, of course, there will be a versatile technological development,» Reshetnikov concluded. After the start of the Russian special operation to demilitarize and denazify Ukraine The West stepped up sanctions pressure on Moscow. Many countries have announced the freezing of Russian assets, and calls to abandon energy sources have become louder. All this has already turned into problems for the US and Europe, provoking an increase in fuel and food prices.
