OREANDA-NEWS. The Russian economy has withstood the first blow of sanctions imposed by Western countries because of the situation in Ukraine. This opinion was expressed by the Minister of Economic Development of Russia Maxim Reshetnikov at a meeting of the government commission to increase the stability of the economy in the face of sanctions. According to him, cited by RIA Novosti, Russia received the necessary time to restructure production chains and logistics.

The economy withstood the first blow of the sanctions, we got the necessary time to rebuild production chains, logistics and structural changes in the economy,” he said.

The Minister noted that in many ways the Russian economy managed to cope with the first blow of the sanctions thanks to the measures that were promptly taken by the government and the Central Bank.

At the moment, the priority action plan includes almost 250 measures, of which all the necessary decisions have been prepared and adopted on 193 measures,” Reshetnikov added.

In his opinion, the financial sector in Russia is now in a stable position. Reshetnikov noted that the current exchange rate of the ruble corresponds to the current situation. He also considers the situation in the banking sector stable, but he emphasizes that the country has not yet been able to fully overcome the “cooling of lending”.