The economic growth in Russia is more constrained not by formal sanctions, but by “emotional” sanctions, when the foreign investors are just afraid of investing in RF, the business ombudsman Boris Titov considers, RIA News reports.
“In general, the sanctions are the reason for constraining the growth – these are not the formal sanctions. They are narrow enough. For us, they are not very noticeable, but for us, those sanctions, which work not on paper, but in the heads of our foreign partners. There are formal sanctions, and there are emotional sanctions, when they blow on cold water just in case”, Titov said to the journalists in Novosibirsk on Tuesday.
He noted that many foreign companies decided that it is not worth investing in Russia, as “it will come to no good”, though there are no formal bans. It, according to Titov, results in the country’s delay I development in many basic technologies.
“The sanctions are absolutely useless in order to develop, but they are also harmful, as they keep down the economic development of Russia… Though we already started producing Russian cheeses. It is not anyhow related to anti-sanctions”, the business ombudsman said.
