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Western anti-Russia sanctions proved to be ineffective, France’s special envoy says | Western anti-Russia sanctions proved to be ineffective, France’s special envoy says |
(about 20 hours later) | |
Europe’s economic penalties against Russia have had no impact on the growth of the country’s economy, French politician Jean-Pierre Chevenement said, adding that the idea of isolating Russia turned out to be wrong. | |
Russia has pivoted to Asian countries as a result of the economic sanctions, he said during a meeting of the French Senate Committee on Foreign Affairs, Defense and the Armed Forces. | Russia has pivoted to Asian countries as a result of the economic sanctions, he said during a meeting of the French Senate Committee on Foreign Affairs, Defense and the Armed Forces. |
The country has reoriented its international trade, in particular towards China, the special envoy said, while noting Moscow’s trade ties with Japan, Vietnam, Indonesia, India, and Turkey. | The country has reoriented its international trade, in particular towards China, the special envoy said, while noting Moscow’s trade ties with Japan, Vietnam, Indonesia, India, and Turkey. |
“Therefore, the idea that Russia is isolated, in my opinion, is not true,” Chevenement said. | |
According to him, Russia’s bilateral trade with France currently stands at €15 billion. Russia-Germany trade volume is at around €60 billion, he said. | According to him, Russia’s bilateral trade with France currently stands at €15 billion. Russia-Germany trade volume is at around €60 billion, he said. |
Relations between Russia and Western countries have declined dramatically over the past six years, after economic penalties imposed by Washington were supported by Brussels. | Relations between Russia and Western countries have declined dramatically over the past six years, after economic penalties imposed by Washington were supported by Brussels. |
Politicians from European countries have repeatedly called for the punitive measures to be canceled as they have become a major hurdle for business and economic growth. | Politicians from European countries have repeatedly called for the punitive measures to be canceled as they have become a major hurdle for business and economic growth. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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