According to him, Russia has good groundwork, which allowed the industry to resist and avoid dramatic scenarios.

“Yes, there is a certain decline in certain industries, but we have not come close to a critical point anywhere,” RIA Novosti quoted Mishustin as saying at the plenary meeting of the Innoprom-2022 international exhibition.

He noted that there is an acceleration of growth in electronics, pharmaceuticals and other industries.

Earlier, the international rating agency Moody's stated that holders of Russian Eurobonds did not receive payments on them on time, which is regarded as a default.