“The widening of sanctions and pressure on friendly countries leads to companies’ reduced export revenue,” the central bank said in a report on financial stability in a section titled “main vulnerabilities”.
Russia distinguishes between countries that imposed sanctions over its actions in Ukraine and those that did not by calling them ‘unfriendly’ and ‘friendly’.
“Unfriendly countries are hindering not only the sale of hydrocarbons, but also the realisation of major investment projects,” the bank said. “Against the backdrop of secondary sanctions, supply chains and payment mechanisms are becoming more complicated, which leads to higher import prices and supply disruptions.”
Source: REUTER
