Vesti — Head Russian banker speaks out from Davos - "sanctions are a full-scale economic war"

The head of VTB Bank Andrei Kostin, who is currently in Davos at the Economic Forum, has spoken out in relation to the situation surrounding Western sanctions against Russia.

"What we modestly call sanctions, in fact, is a full-scale economic war that aims to put tremendous pressure on our economy, to restrain its growth, to worsen the living conditions of our people, to worsen our economic development, and thus to influence the domestic political situation in our country, including the elections and the further course of our country's leadership," he said.

"Sanctions are a planned, systemic, comprehensive work targetted at a number of industries", Andrei Kostin believes. However, in his opinion, one should not be afraid as Russia, "of course, has a set of means to counteract this."

Fort Russ
Head Russian banker speaks out from Davos - "sanctions are a full-scale economic war"

Vesti - by Inessa Sinchougova

Unintended consequences.

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