Kremlin: any large company in the Russian Federation hedges sanctions risks
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The sanctions imposed against Russia create additional problems, but any large company in the country has learned to hedge sanctions risks. This was stated by the press secretary of the Russian President Dmitry Peskov, commenting on the latest US sanctions against the Russian Federation.
“We have learned to hedge against sanctions risks. Any large Russian company in any field <...> Currently, in its work, first of all, it hedges against sanctions risks and draws up an action plan in case of falling under sanctions. Any serious company does this, and even less serious ones,” he said.
The Russian economy has learned to adapt and overcome sanctions, Peskov added.
On November 2, the US Treasury expanded the sanctions list by adding the St. Petersburg Exchange, AFK-Sistema, Arctic LNG 2, and banks.Russian standard“, “Post Bank”, “Absolut Bank”, etc. 37 individuals, including citizens of other countries, were subject to restrictions.
The Kremlin previously stated that there is a “lack of ideas” in the US and EU on the issue of introducing new sanctions. At the same time, Moscow “does not wear rose-colored glasses” and understands that sanctions pressure will only intensify. They added that the Russian economy has “adapted quite well” to the new conditions.
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