BEIJING, June 16 Russia withstood the pressure of Western sanctions, all plans to undermine its economy could not be implemented, Ambassador to China Igor Morgulov said, speaking at the 13th Foreign Investment Fair in Pekin.
«
“Currently, Russia is being subjected to an unprecedented scale of sanctions pressure, the purpose of which was the collapse of the domestic economy, undermining the stability of the national currency, and lowering the quality of life of the citizens of our country. These calculations of our ill-wishers failed,” he said.
According to the diplomat, the Russian economy has not only survived, but continues to develop.
«The unemployment rate in our country is at a record low and is only three and a half percent. As of early May this year, inflation in Russia has slowed to 2.3 percent in annual terms. This is the minimum value for all European countries,» he said. he.
The ambassador also stressed that Russia and China are gradually reducing their dependence on the dollar and other Western currencies: if in 2021 they carried out no more than a quarter of trade settlements in national currencies, then last year this figure was already almost two thirds.
«We will further enhance the independence of bilateral financial cooperation, helping to strengthen the economic sovereignty of the two states,» Morgulov said.
After the start of the Russian military special operation in Ukraine, the West increased sanctions pressure on Moscow: Russian assets worth hundreds of billions of dollars, the EU has already adopted ten packages of restrictive measures.
As President Vladimir Putin has pointed out, containment and weakening Russia is a long-term strategy for the West, but sanctions have dealt a severe blow to the entire global economy. Nevertheless, according to the head of state, it was not possible to undermine the financial stability of Russia, and Europe itself reached a sanctions impasse.
< br />