It’s impossible to isolate Russia from the rest of the world, Prime Minister Dmitry Medvedev, said at a plenary session at the Sochi International Investment Forum, adding that sanctions against Moscow won’t see the West achieving the desired results.
The Russian Prime Minister has acknowledged that relations with the EU have become more complicated, but assured foreign trade representatives that the situation in Ukraine would not become a barrier between Russia and Europe.
A second-wave of revolution, a missing President, and a treasury that is nearly empty, Ukraine is on the brink of bankruptcy. Kiev’s finance minister said it needs $35 billion in aid by the end of 2015.
Moscow says it would postpone further payments of the promised $15 billion loan to Kiev and is waiting to see the direction of the newly formed government, according to President Putin and Prime Minister Medvedev.
There is more to the Russian economy besides oil and mineral exports, Prime Minister Dmitry Medvedev said Tuesday. He also promised productivity will grow 50 percent in the next five years, which followed a severe bout of stagnation in industrial output.
Tough admission standards could keep Ukraine’s trade integration with the European Union on hold, and if the process is dragged out long enough, it may be forced back into the arms of its ex-Soviet ally, Russia.