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Not national property: gas revenues fall, but critically on the budget of the Ru...

What is the effect of Western sanctions? Is it possible to hope for the collapse of the Russian economy - an interview with HB with Sergiy Alexashenko

Not national property: gas revenues fall, but critically on the budget of the Russian Federation will not affect it (in the photo - Russian dictator holds a meeting with Gazprom's head) (photo: Reuters) Why the restrictions of the event make the budget of Russia painful, but do not kill it, told the former Deputy Minister of Finance of the Russian Federation Sergey Alexashenko.

The revenues of the Federal Budget of the Russian Federation in the annual calculation are reduced for the second month in a row: in July, according to Rosstat, they fell by 26%at once, and in August another 11%. All revenues to the treasury, including oil and gas exports, are reduced - in the last month of the summer they decreased by 14% compared to the same period of 2021.

Video of the day What do all these numbers mean to the economy of the aggressor country? And how will the situation develop further under the influence of Western sanctions? He spoke about it with Sergey Oleksashenko, former Deputy Minister of Finance of the Russian Federation and former Deputy Chairman of the Board of the Russian Central Bank. This expert, who now lives in Washington, is sure that the Kremlin loses not for economic reasons.

- If you look at the Russian economy now, you can state that its collapse has not happened. What happens to her? - The Russian economy slowly rolls down. It falls out slowly those parts that are related to the outside world with the Western countries. And the export restrictions that are imposed on Russia are slowly applied. It is not necessary to exaggerate them especially, because much of the exports that Europe refused, Russian companies will be redirected to Asia.