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Europe to lose its share of Russian market due to ‘foolish’ sanctions – Russian PM

Europe will not regain its share of the Russian market after the sanctions war is over, as it will already be occupied by other local and foreign businesses, Russian Prime Minister Dmitry Medvedev has warned.

Russia and the West will eventually “come to agreements sooner or later, as sanctions don’t last forever,” Medvedev said in an interview with Vesti 24 TV channel.

 

“These foolish sanctions will pass, but international relations will continue. And currency markets will open up,” he added.

 

The prime minister stressed that “the niches in our [Russian] economy, which will by then be occupied by local produces or other foreign producers…our European counterparts wouldn’t be able to come back.”

 

According to Medvedev, “this is the price Europe will have to pay” for trying to put Russia under economic pressure.

 

He assured that Asian and Latin American companies – which will replace the Europeans on the Russian market – will maintain their positions after relations between Moscow and the EU return to normal.

 

AmarSim Associations Development Consultants

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