Russia losing $140bn from Western sanctions and falling oil prices

[C130]

​Russia loses $140bn with sanctions and falling oil prices – Finance Minister — RT Business

Russia is losing around $40 billion a year due to Western sanctions, but they are not as critical to the economy as lower oil prices, which add $90-100 billion in losses, says Russian Finance Minister Anton Siluanov.

"We lose about $40 billion a year because of the political sanctions and around $90-100 billion a year due to the 30 percent reduction in oil prices," RIA quotes Siluanov speaking Monday at the International Financial and Economic Forum.

Lower investment and foreign loans along with capital outflow, estimated at $130 billion this year, are the key components of the loss, Siluanov explained.

 

[Galad]

Suluanov,Ulukaev,Kudrin,CB of Russia are much more of a threat to Russian economy than any sanctions.Good thing work is slowly done to take care of them.As for capital outflow from Russia -JP Morgan has quite different view what`s behind so-called outflow of capital.

 

[Superboy]

These days computer money is worth nothing.

 

[FaujHistorian]

Russia loses $140bn with sanctions and falling oil prices – Finance Minister — RT Business

Russia is losing around $40 billion a year due to Western sanctions, but they are not as critical to the economy as lower oil prices, which add $90-100 billion in losses, says Russian Finance Minister Anton Siluanov.

"We lose about $40 billion a year because of the political sanctions and around $90-100 billion a year due to the 30 percent reduction in oil prices," RIA quotes Siluanov speaking Monday at the International Financial and Economic Forum.

Lower investment and foreign loans along with capital outflow, estimated at $130 billion this year, are the key components of the loss, Siluanov explained.

Putin overplayed his "gas".