Russia invasion of Ukraine - Sanctions on Russia and Russia's response | Ipse by Context

Oleg Panteleev

Inserted 9 months ago

“Russian airlines have solved the problem of operating under Western sanctions. At first there was a shock, no one knew what to do. After two to three months, new supply channels were found and, after six or nine months, quite a lot of alternatives appeared, which allowed for a reduction in prices and delivery times.”

Reuters

Head of the AviaPort aviation think-tank in Moscow

23 Aug 2023 3 3

Vladimir Putin

Inserted 1 year ago

“Sanctions restrictions on Russia cause much more damage to those countries that impose them. Further use of sanctions may lead to even more severe - without exaggeration, even catastrophic - consequences on the global energy market. We know that the Europeans are trying to replace Russian energy resources. However, we expect the result of such actions to be an increase in gas prices on the spot market and an increase in the cost of energy resources for end consumers. We should feel confident in ourselves but you should see the risks - the risks are still there.”

Aljazeera

President of Russia

08 Jul 2022 5 3

Vyacheslav Mishchenko

Inserted 2 years ago

“Russian financial authorities successfully managed to deal with the emotional reaction of the population and businesses at the onset of the war. The price hike was caused by [the] first emotional reaction, because it put a lot of pressure on customers to buy everything. But then the beginning of April, the situation returned to normal. The supply is there. Yes, there are some troubles with importing goods, but there aren't too many. The price hike was mostly on the psychological side, rather than on the economic side.”

Aljazeera

Energy markets expert

02 Jun 2022 4 3

Elvira Nabiullina

Inserted 2 years ago

“Thanks to these factors, inflation is falling faster than we expected. This allows us to lower the key rate today without creating new pro-inflationary risks. We allow for the possibility of further easing of the key rate at upcoming meetings. The first months (since February) were a time for tactical decisions: we had to counteract the first sanctions shock. We managed to protect financial stability and not allow an inflation spiral to unfold. But this, of course, absolutely does not mean that we can breathe easily.”

Reuters

Head of the Central Bank of Russia

26 May 2022 3 3

Sergey Lavrov

Inserted 2 years ago

“The collective West has declared total hybrid war on us and it is hard to predict how long all this will last but it is clear the consequences will be felt by everyone, without exception. We did everything to avoid a direct clash - but now that the challenge has been thrown down, we of course accept it. We are no strangers to sanctions: they were almost always there in one form or another.”

Reuters

Russian Foreign Minister

14 May 2022 4 3

Vladimir Putin

Inserted 2 years ago

“Western governments guided by short-sighted, inflated political ambitions and by Russophobia, deal a much harder blow to their own national interests, their own economies and the well-being of their own citizens. We see it above all by looking at the sharp rise of inflation in Europe which is close to 20% in some countries. It is obvious that... the continuation of the obsession with sanctions will inevitably lead to the most difficult consequences for the European Union, for its citizens. Russia is confidently managing in the face of external challenges.”

Themoscowtimes

President of Russia

12 May 2022 5 5

Lauri Myllyvirta

Inserted 2 years ago

“The sky-high fossil fuel prices and continued imports into Europe have provided the Kremlin with a major windfall and undermined the effect of economic sanctions.”

Cbc

Lead analyst at the Centre for Research on Energy and Clean Air in Helsinki

04 May 2022 4 3

Art Woo

Inserted 2 years ago

“All things considered, it's holding up better than initially expected. The Russian economy is still projected to fall into a recession later this year. But so far, it has managed to blunt the harshest economic consequences of the Western sanctions.”

Cbc

Senior economist with the Bank of Montreal

04 May 2022 3 5

Elvira Nabiullina

Inserted 2 years ago

“Sanctions had mainly affected the financial market but now they will begin to increasingly affect the economy. The main problems will be associated with restrictions on imports and logistics of foreign trade, and in the future with restrictions on exports. Russian manufacturers will need to search for new partners, logistics, or switch to the production of products of previous generations. Exporters would need to look for new partners and logistical arrangements and all this will take time.”

Aljazeera

Head of the Central Bank of Russia

18 Apr 2022 7 3

Vladimir Putin

Inserted 2 years ago

“We don't intend to be isolated. It is impossible to severely isolate anyone in the modern world - especially such a vast country as Russia.”

Reuters

President of Russia

12 Apr 2022 1 1

Sergey Lavrov

Inserted 2 years ago

“It is absolutely clear that more and more transactions would be done through this system using national currencies, bypassing dollar, euro and other currencies. We will be ready to supply any goods which India wants to buy. I have no doubt that a way would be (found) to bypass the artificial impediments which illegal unilateral sanctions by the West create. This relates also to the area of military-technical cooperation.”

Reuters

Russian Foreign Minister

01 Apr 2022 3 2

Vladimir Putin

Inserted 2 years ago

“Russia will continue, of course, to supply natural gas in accordance with volumes and prices ... fixed in previously concluded contracts. The changes will only affect the currency of payment, which will be changed to Russian roubles. An understandable and transparent procedure of making payments should be created for (all foreign buyers), including acquiring Russian roubles on our domestic currency market.”

Reuters

President of Russia

23 Mar 2022 3 1

Mario Bikarski

Inserted 2 years ago

“So far there hasn't been very much of a strong government position. There's been no concrete or clearly set-out measures to respond to these sanctions. Different members of the government, including Putin, have said that the situation will be managed and that Russia will survive. But what they've implemented so far are things like tax breaks, credit holidays, and some financial support to large businesses. This will not be sufficient at all. Back in the 1990s there was some international support coming to Russia's aid during this time of crisis. This will not be happening right now. Russia will have virtually no access to any international financing or support.”

Themoscowtimes

Analyst at the Economist Intelligence Unit

12 Mar 2022 4 4

Dmitry Chernyshenko

Inserted 2 years ago

“The most important task for us is to develop our products and accelerate import substitution of what was brought in from outside. Support for firms in the electronics sector was needed from the banking system. In all sectors of the economy there are now preferential loans and subsidised rates, and the possibility of preferential lending through regional budgets is also being looked at.”

Reuters

Russian Deputy Prime Minister

12 Mar 2022 3 1

Ruben Enikolopov

Inserted 2 years ago

“In terms of the government, the problem is that they're silent about the economy. The first reaction for many of them - because they grew up in the Soviet Union, so that's the mentality they have - is price controls and things like that. They might work temporarily, but in the long-run it's a disaster for the economy. It's really hard to even imagine what the government can do. In some senses they're hostage to this situation. All the main events are completely unrelated to the government's decisions. The danger of this approach [nationalization of property of foreign investors and government-mandated prices] is it works in the short-term. But this is a crisis that will be very prolonged. The closer we are to a planned economy, the more the government intervenes and nationalises, the harder it will be for the economy to adjust and more likely it will end up really bad.”

Themoscowtimes

Economist and rector of Moscow's New Economics School

11 Mar 2022 6 3

Anton Siluanov

Inserted 2 years ago

“Western countries are trying to create a shortage of everyday imported goods in our country, forcing the closure of successfully operating foreign-owned businesses.”

Aljazeera

Minister of Finance of the Russian Federation

11 Mar 2022 1 2

Vladimir Putin

Inserted 2 years ago

“With regard to those who are going to close their production [in Russia], we need to act decisively here, in no cases allow any damage to local suppliers. It's necessary … to introduce external management and then transfer these enterprises to those who want to work.”

Aljazeera

President of Russia

10 Mar 2022 2 2

Sergey Lavrov

Inserted 2 years ago

“We will not persuade anyone to buy our oil and gas. If they want to replace it with something, they are welcome, we will have supply markets, we already have them.”

Aljazeera

Russian Foreign Minister

10 Mar 2022 2 3

Dmitry Peskov

Inserted 2 years ago

“Our economy is experiencing a shock impact now and there are negative consequences, they will be minimised. This is absolutely unprecedented. The economic war that has started against our country has never taken place before. So it is very hard to forecast anything.”

Reuters

Kremlin spokesman

10 Mar 2022 2 3

Vladimir Putin

Inserted 2 years ago

“These sanctions that are being imposed are akin to a declaration of war but thank God it has not come to that.”

Reuters

President of Russia

05 Mar 2022 2 3

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Russia invasion of Ukraine - Sanctions on Russia and Russia's response

“The sky-high fossil fuel prices and continued imports into Europe have provided the Kremlin with a major windfall and undermined the effect of economic sanctions.”

“All things considered, it's holding up better than initially expected. The Russian economy is still projected to fall into a recession later this year. But so far, it has managed to blunt the harshest economic consequences of the Western sanctions.”

“We don't intend to be isolated. It is impossible to severely isolate anyone in the modern world - especially such a vast country as Russia.”

“Western countries are trying to create a shortage of everyday imported goods in our country, forcing the closure of successfully operating foreign-owned businesses.”

“With regard to those who are going to close their production [in Russia], we need to act decisively here, in no cases allow any damage to local suppliers. It's necessary … to introduce external management and then transfer these enterprises to those who want to work.”

“We will not persuade anyone to buy our oil and gas. If they want to replace it with something, they are welcome, we will have supply markets, we already have them.”

“Our economy is experiencing a shock impact now and there are negative consequences, they will be minimised. This is absolutely unprecedented. The economic war that has started against our country has never taken place before. So it is very hard to forecast anything.”

“These sanctions that are being imposed are akin to a declaration of war but thank God it has not come to that.”

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