No sanctions can instantly collapse Russian economy - investment banker Fursa

He expressed this opinion on the air of Espreso TV.

"In the near future no sanctions will be able to significantly affect. Now, if we look at the Russian budget, at the moment only a third of the Russian budget's revenues are revenues from the sale of oil and gas. Two thirds are what they draw something inside there. Mostly this is the use of the national welfare fund, this is a printing press and so on, and so on. So will the sanctions limit the Russian resource base? - Yes. Will they harm the Russian economy? - Yes. Therefore, they need to be introduced," - he noted.

At the same time, Serhiy Fursa noted that there are no sanctions that can immediately collapse the Russian economy.

"Does this mean that any sanctions that will be imposed now could instantly collapse the Russian economy? - No, there are no such sanctions," the investment banker said.

• U.S. President Donald Trump is ready to double sanctions against Russia to end the war in Ukraine, his special representative for Ukraine and Russia, Keith Kellogg, said on February 7. This especially applies to the energy sector.