Analysts told Bloomberg about Russia's "financial fortress" from sanctions

According to economists interviewed by the agency, the policy of recent years has allowed RUSSIA to accumulate record reserves, as well as to develop an alternative to SWIFT. Besides,

In recent years, Russia has been able to build a “financial fortress” that will help the country survive new Western sanctions with little or no loss. BLOOMBERG reports this with reference to economists from Russia and the United States .

According to the agency, possible US sanctions in the event of a Russian invasion of Ukraine, which were previously announced by United States President Joe Biden , will not harm the country as much as it did in 2014. The interviewed experts believe that over the past eight years, Russia has successfully prepared for new restrictions from the West.

“Russia is much better prepared for sanctions than it was in 2014, at least in terms of macro indicators,” said Natalia Lavrova, chief economist at the BCS financial group in Moscow. In all but the most "extreme" scenarios, she said, Russia's economy will continue to grow, albeit at a slower pace and with higher inflation.

Moscow Exchange Estimated Trading Volume in January Amid Sanctions Threats

In addition, Bloomberg Economics analyst Scott Johnson said that sanctions on investment, banking and trade operations could cause serious financial difficulties for Russia, but high oil and gas prices would limit the possible damage. “In more extreme [sanctions] scenarios, Russia would incur much higher costs at a prohibitive cost to Europe,” he added.