MOSCOW, 11 Mar – RIA Novosti. Possible sanctions on the Russian national debt will primarily punish Western investors, their share has already dropped to 23%, but these measures are not critical for Russia, the head of the Ministry of Economic Development Maxim Reshetnikov told reporters.
Bloomberg reported last week that the US and UK are considering more sanctions against Russia, targeting sovereign debt and businessmen.
“Sanctions on the Russian public debt, by and large, are punishment for those Western investors who invest in our public debt. At the moment, the level, the share of Western holders of our public debt has significantly decreased, it is tangible – about 23%, but this is definitely not critical for us,” – Reshetnikov told reporters.
“Therefore, rather, it will be a punishment for our own investors – the introduction of sanctions in this part, rather than some issues that will significantly affect our financial position. Some fluctuations, of course, are possible, but fundamentally it will not affect anything,” he added.
Reshetnikov also noted that during the last year that he has been working as a minister, the topic of imposing certain sanctions is “constantly being discussed.” “It seems to me that the sanctions agenda is already a common part of our life,” he added.