Realist: news and analytics

Русский / English / العربية

  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts
No Result
View All Result
Realist: news and analytics

Russia needs new model of development in face of sanctions — VEB.RF CEO Igor Shuvalov

Adaptation to sanctions should be coupled with awareness of the future new model of development. It will have a very high degree of import substitution. It is not only about the production of critically necessary elements and technologies, but also about the ability to compete in foreign markets, the Chairman of the "VEB.RF" state corporation Igor Shuvalov stressed.

   
March 19, 2022, 00:38
Russia
Igor Shuvalov. Photo: TASS

Igor Shuvalov. Photo: TASS

MOSCOW (Realist Ebglish). Russia is ready to disconnect from the SWIFT system, for this the Central Bank has developed communication channels in advance. This was stated in an interview with RT by the Chairman of the “VEB.RF” state corporation Igor Shuvalov.

“We were also ready to carry out clearings without using the SWIFT system. To do this, the Central Bank has developed communication channels in advance. Even when we chaired the SCO and BRICS interbank association, we actively promoted the system created by the Central Bank. We offered it to our partners in different countries in order to exchange data on clearings later,” he said.

According to Shuvalov, the Russian economy is in the stage of adaptation now:

“But this adaptation must be coupled with awareness of the future new development model. It will have a very high degree of import substitution. It is not only about the production of critical elements and technologies, but also about the ability to compete in foreign markets. This will be one of the main features of this stage of development.”

The head of VEB.RF noted that a new agenda is being formed in the country, which the President has already mentioned.

“These are basic infrastructure, housing construction, science, education, freedom of entrepreneurship and economic life. All these are elements of a new agenda that will allow for our economy to become much stronger.”

Shuvalov is convinced that the people who impose sanctions do not understand the Russian character:

“The greater the pressure from the outside, the more united we are — and we will do as we see fit. We will figure it out ourselves what to do at home, we do not need any outside directions or help by taking away something that belongs to us. It won’t lead to anything good.”

On the morning of February 24, the Supreme Commander-in-Chief Vladimir Putin announced the start of a special military operation of the Russian Armed Force in the Ukraine. The special operation forestalled and thwarted a large-scale offensive by the shock groups of the Armed Forces of the Ukraine on the Lugansk and Donetsk People’s Republics, which are not controlled by the Kiev regime, in March of this year.

Upon the start of the special operation, the United States and its allies unleashed an economic war against Russia. On March 17, President Vladimir Putin said that anti-Russian sanctions cause a lot of problems, but also open up new opportunities.

Earlier, Finance Minister Anton Siluanov stressed that anti-Russian sanctions also cause damage to Western countries.

Igor ShuvalovRussiaSanctions
Previous Post

Turkey expects concessions from Armenia on issues of Genocide, Artsakh and Western Armenia

Next Post

Special operations forces’ veteran speaks on urban warfare tactics

Related Posts

Lavrov says multipolar world order is irreversible despite erosion of international law
Russia

Lavrov says multipolar world order is irreversible despite erosion of international law

21 January, 2026
Kremlin envoy criticises UK and EU over Greenland dispute with US
Russia

Kremlin envoy criticises UK and EU over Greenland dispute with US

20 January, 2026
Russian agency says private military firm helped open “Russian Houses” in Africa
Russia

Russian agency says private military firm helped open “Russian Houses” in Africa

14 January, 2026
Russia moves to tighten migration health controls and enforcement
Russia

Russia moves to tighten migration health controls and enforcement

8 January, 2026
Patriarch Kirill delivers Christmas address at Moscow cathedral
Russia

Putin congratulates Orthodox Christians on Christmas, highlights role of faith and tradition

7 January, 2026
China condemns US seizure of Venezuelan president, calls for immediate release
Russia

Russia condemns US seizure of Venezuela’s president as “armed aggression”

4 January, 2026
Most Popular
Most Popular
US Treasury chief says sanctions helped trigger Iran unrest

US Treasury chief says sanctions helped trigger Iran unrest

22 January, 2026

DAVOS (Realist English). US Treasury Secretary Scott Bessent has publicly acknowledged that American sanctions played a role in destabilising Iran’s...

Bulgarian president Rumen Radev announces resignation amid political turmoil

Oxfam warns billionaire wealth hits record as inequality deepens

20 January, 2026

LONDON (Realist English). The combined wealth of the world’s billionaires has climbed to a record $18.3 trillion, with the super-rich...

Nearly 4,000 killed in Iran protests, rights group says

Nearly 4,000 killed in Iran protests, rights group says

19 January, 2026

TEHRAN (Realist English). At least 3,919 people have been killed during the recent wave of protests in Iran and the...

Committee for the Defense of the AAC in Bratislava Calls for Release of Detained Clergy

Committee for the Defense of the AAC in Bratislava Calls for Release of Detained Clergy

18 January, 2026

BRATISLAVA (Realist English). A meeting of the Committee for the Defense of the Armenian Apostolic Church (AAC) and Christianity in...

Opinion

Armenian monastery Dadivank

Dadivank: The Legacy of Christ’s Apostles in Artsakh

17 December, 2025

YEREVAN (Realist English). In Artsakh, before the ethnic cleansing and forced deportation – simply put, genocide – carried out by...

An unusual phenomenon at the Church of the Holy Savior in Shushi

An unusual phenomenon at the Church of the Holy Savior in Shushi

3 November, 2025

YEREVAN (Realist English). In the distant year 1979, as a third-year university student, I used to visit the Church of...

War with Iran seen as inevitable, Armenia warned of looming regional storm

War with Iran seen as inevitable, Armenia warned of looming regional storm

21 September, 2025

YEREVAN (Realist English). The war with Iran is drawing ever closer. And once again, this pulls Armenia into a zone...

Putin, Trump and Zelensky: is a trilateral meeting necessary?

Putin, Trump and Zelensky: is a trilateral meeting necessary?

27 August, 2025

MOSCOW (Realist English). Although more than a week has passed since the meeting between Russian President Vladimir Putin and U.S....

All rights reserved.

© 2017-2025

  • About Us
  • Mission and Values
  • Contact Us
  • Privacy Policy

Follow Realist English

No Result
View All Result
  • News
  • Russia
  • Caucasus
  • Opinion
  • Interviews
  • Experts

Русский / English / العربية