President Putin, looking around this room, it would seem to be evidence that sanctions do not work.
Virtually everyone I meet here has been sanctioned in some way, and yet Russian business continues to thrive.
Do sanctions have any effect at all?
Well, look here, today we talked about sports,
and my good friend here, the prime minister here (Shinzo Abe),
dreamt that Russia and Japan would play in the finals of the FIFA World Cup.
This is a bad scenario, what if we suddenly lose? This will be trouble, you know what I mean?
I can’t even imagine.
But the issue here isn’t even that. (Repeated)
The situation is forming in such a way that,
everyone is playing soccer, and yet they are playing by the rules of Judo.
Well, isn’t that an interesting game we’ve come up with… this isn’t entirely soccer or judo.
It’s just chaos.
This is where we are headed and this is what worries us.
And it’s not even about accepting the effects of sanctions or restrictions.
But, the fact that there are people here who understand what its like, have come up against it, dealt with it
Yeah, the majority here understands it,
because this sanctions “club”, as it’s being (humorously) called here, is more, and more, frequently being applied to countries that are not only Russian.
Is this good or bad? Can it be overcome or not?
Well of course. Russian economy has been steadily stabilizing,
not excluding a double or tripple whammy with falling prices on our traditional exports such as energy, metals, or chemicals
Plus, also sanctions pressure, all this happened at once.
But we were able to come out of it; I would go as far to say that we’ve reinforced our economy,
This is something which I am very grateful for, thanks to Christine,
she said what she thought was a positive thing for the development of Russia’s economy; more specifically, it’s macro economy.
But losses still do exist for everyone here, that being my first point,
and secondly, this actually holds back (economic) development.
In actuality, one way or another these restrictions hold us back,
our enterprises can’t get credit, in their fullest volume, on the international market, and so on.
This leads to limitations… to some extent,
but then comes a breakthrough, solutions are found, and everything, pretty much, falls into place.
Therefore, in the end, a policy like that has no bearing,
not economically, not politically, not militarily,.
Considering what concerns militarily, I’ve already spoken on that
One of the reasons for these attempts at holding back Russia, in fact, is to prevent the further development of Russian military technology.
Well, we just showed everyone recently, that we have already surpassed many of our partners in these military technologies, despite sanctions,
Therefore this is meaningless, yet harmful.