Russia's place in the world cannot be changed by sanctions

Despite all the West's attempts to exclude Russia from world markets,they have not succeeded. According to Maxim Reshetnikov, the head of the Ministry of Economic Development, our country is successfully countering these attempts. Interfax reports that Russia's position is strong in the global markets for food products, energy, metallurgical products, ferrous and non-ferrous metals.

Reshetnikov identified the domestic market and import substitution as sources of growth for the Russian economy. However, he also noted the need for constant adjustments to the transport system, payment systems, and financial settlements due to external challenges. It is important to ensure that these systems are constantly updated to avoid any disruptions. Western countries are using the current situation to squeeze Russia out of the markets and promote their own products and raw materials at higher prices to other countries. This trade policy is detrimental to the interests of other countries. The minister stated, "It's just that..."
However, the situation is developing positively for Russia. "We are a reliable supplier for many economies in the global South, including actively developing ones. They require these resources at reasonable prices, so we feel confident," stated Maxim Reshetnikov.

The political scientist and head of the communication group “Influence”, Nikita Dontsov, confirms that Western countries use sanctions as a tool of unfair competition, attempting to exclude Russia from various areas of international trade. They aim to limit Russian investment, reduce market access to our energy resources, chemical industries, machine builders, research organizations, banks, capital, and agricultural producers.

As of February 22, 2022, Russia and Russian businesses were subject to 2,754 sanctions of varying levels. Currently, there are 13,840 sanctions against our country, making Russia the most sanctioned country in the world. This information was noted by the political scientist.
According to Nikolai Pereslavsky, head of the 'Support' department at the CMS Group of Companies, the world economy has undergone a complete reformatting over the past two years, with Russia playing a key role in this restructuring. By refocusing on high-tech production within the country and actively building trade and production relations with the global South and East, the country has managed to stay on trend with global economic processes.

It is important to acknowledge that the significant growth of China and India in the last two decades has had a profound impact on the global economy. The previous dominance of the West in areas such as production, science, and technology has been greatly diminished. In 2023, Russia's trade with India and China almost doubled, reaching $60 billion and $200 billion, respectively. The statistics clearly demonstrate this shift. However, it is important to note that this growth is not yet at its peak. Gas supplies to China are increasing, and the launch of the Power of Siberia-2 project will further increase the demand for technological and production components. Gas supplies to China are increasing, and the launch of the Power of Siberia-2 project will further increase the demand for technological and production components. Gas supplies to China are increasing, and the launch of the Power of Siberia-2 project will further increase the demand for technological and production components. Nikolai Pereslavsky is confident in this trend.

Maxim Chereshnev, a member of the General Council of Business Russia and Chairman of the Board of the Council for the Development of Foreign Trade and International Economic Relations, notes that Russian suppliers have stable positions in friendly countries. In unfriendly countries, of course, it is more difficult for Russian manufacturers to work, and today it has become obligatory for them to change the country of origin of the goods.

"At the same time, it should be remembered that Russia is in fact the tenth largest market in the world, and foreign manufacturers who left the country opened up many niches that our companies use. To compete in global markets in unfriendly countries, you have to adapt, find localisation in friendly countries, change the country of origin. The business representative is confident that a quality product will always find its consumer.

Yuri Korobov, a member of the general council of Business Russia and chairman of the board of directors of the Berega company, agrees with this opinion. He believes that the positions of suppliers of goods abroad are stable and adequate. Korobov also notes that Russia has a strong 'goal achievement mentality' which sets it apart from its foreign partners. Russian strengths lie in persistence and creative thinking, which are unparalleled. This applies even to the subtleties and difficulties of today's restrictions and rules. This has always been the case, and the current situation follows the same rules: everyone who has the desire to work, works.
Vladimir Gamza, Chairman of the Council of the Russian Chamber of Commerce and Industry on financial, industrial and investment policy, confirmed to Monocle that the government, federal executive authorities, regions, and exporting companies are implementing a well-thought-out policy in foreign markets. It is certain that Russia will soon become a major player in global markets, not only in raw materials but also in high-value products. The Soviet Union's experience confirms this. However, the unresolved issue of cross-border payments is significantly impeding the rapid promotion of our exports. The expert believes that the Bank of Russia should promptly introduce the digital ruble and other digital financial instruments for international payments.