“Sanctions are already having a dramatic effect on the Russian economy and the ruble.
I think you will see that the Russians will not be able to buy what they could before, when Russia was open to the world, ”he told reporters, his words are quoted by RIA Novosti.
Anti-Russian sanctions will “bite harder and harder,” he stressed.
“The people of Russia will feel this in their daily lives,” the Secretary of State said.
Blinken added that he would like the consequences of the sanctions not to cause suffering to the Russian people.
As Russian President Vladimir Putin noted at SPIEF, the gloomy forecasts for the Russian economy did not come true.
According to him, the economic situation is normalizing: first, the financial markets, the banking system and the trading network were stabilized, and then the authorities began to saturate the economy with liquidity and working capital in order to maintain the stability of companies.
Deputy Finance Minister Alexei Moiseev expressed confidence that the Russian government managed to maintain macroeconomic stability.