Siluanov: Russia can thrive without foreign loans in case of tougher sanctions

Siluanov: Russia can thrive without foreign loans in case of tougher sanctions

Moscow may stop using outside borrowings, replacing them with internal financial sources, if international penalties against Russia are deepened, according to Russia’s Finance Minister Anton Siluanov.

“We are quite able to reject foreign loans, and replace them with domestic sources of financing to eliminate the deficit,” the minister told journalists, RT reports.

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