Russia will cope in the event of the imposition of US sanctions on debt, the Finance Ministry says

© RIA Novosti / Natalia to Seliverstova in photobacteria of the Ministry of Finance of Russia on the street Ilyinka in Moscow. Archival photoRussia will cope in the event of the imposition of US sanctions on debt, the Finance Ministry says© RIA Novosti / Natalia to Seliverstova the image Bank

Russia will cope in the event of the imposition of US sanctions on debt, in Russia developed the Institute for national investors, and the accumulated reserves will allow to cope with the budget deficit, told reporters Deputy Finance Minister Sergei Storchak.

«I think that in the years since the beginning of active development of national debt market, we have grown our own national, institutional investors — pension funds, insurance companies, which are active participants in the debt market. I think we will get through this,» he said.

«Plus the reserves that we have accumulated will be able to use to address issues of the Federal budget deficit. No panic in the Ministry of Finance there is not expected,» — said Storchak.

«We have long been talking about what part of the modernization of global governance is the introduction of elements of responsible conduct of reserve currencies. As long as someone is listening to this, someone not listening,» continued Storchak.

According to him, the recent statements of those same Europeans are encouraging. «The Europeans are ready to take measures to boost payments in national currency — in Euro, they have a multilateral currency — especially for commodities», — concluded the Deputy Minister.

Russia will cope in the event of the imposition of US sanctions on debt, the Finance Ministry says© Infografiken sanctions against Russia and retaliatory measures

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