Repeats Iran’s history: banker on Russia’s capabilities after sanctions

Investment banker Sergiy Fursa spoke about this on the Espreso TV channel.

"The potential of Russia without sanctions would be much greater. Every day under sanctions is very expensive for Russia, and it reduces its capacity, but does not nullify it," Fursa said.

According to him, Russia's capabilities are declining, but they will always remain at a certain level.

"The capacity will gradually decrease, as will the living standards of Russians. Some may say that the sanctions seem to be ineffective. But analysing new polls, twice as many Russians as a year or two ago say they do not have enough money. Therefore, Russia's capabilities are declining, but will remain at a certain level," Fursa summed up.

• The day before, it became known that the European Union will begin consultations with member states in the coming days on a new, 12th package of sanctions against Russia for the war in Ukraine.

• On 23 October, ministers of the European Union and Central Asia expressed their readiness to help strengthen sanctions against Russia and to prevent circumvention.