Categories: WORLD

Russian Business Did Not Respond To Sanctions As Their Authors Expected – PM Mikhail

The Russian business did not react to sanctions as anticipated by their developers and businessmen continued investment programs where possible, Prime Minister Mikhail Mishustin said on Thursday at the Moscow Financial Forum.

“The business did not respond as authors of sanctions devised. Businessmen largely did not halt but on the contrary, sought to continue investment programs where possible,” Mishustin said.

Sponsored

Investments have grown, contrary to initial concerns, the Prime Minister said. “Fixed capital investments for the entire circle of entities increased by 4% in real terms in the second quarter of this year. Processing sectors, the export-focused industry in the first instance, made the greatest contribution,” he added.

SPONSORED
ABN Editor 2

An open source journalist and content manager

Recent Posts

APGA Rejects Abia LG Polls, Heads To Court To “Reclaim Mandate” (Video)

All Progressive Grand Alliance (APGA) leadership has rejected the outcome of the November 2nd local government…

2 hours ago

Two Die, Several Injured As Bomb Explodes In Orlu Market

Two were killed and several injured as an improvised explosive device (IED) exploded at Orlu…

3 hours ago

Buhari Visits Victims Of Jigawa Tanker Incident, Donates N10m

Ex-President Buhari visited Jigawa on Tuesday to offer his condolences to victims of the tanker…

3 hours ago

FRSC Charges Road Users On Safe Driving

The FRSC's Corps Marshal has urged everyone using the roads to be cautious when traveling…

4 hours ago

We Are Ready For Ondo Election, Says INEC

INEC Chairman Prof. Mahmood Yakubu has reaffirmed the commission's commitment to holding a free and…

4 hours ago

Pensioners In Ogun Applaud Gov Abiodun Over Wage Increment

Gov. Dapo Abiodun's wage increase for all of its members in the state has been…

4 hours ago