Date: 3 months ago   Category: Economy

Kostin called sanctions and trade wars the abnormal phenomenon — Rambler News Service


Kostin called sanctions and trade wars the abnormal phenomenon
Photo: Stanislav of Krasilnikov/TASS Trade wars and sanctions is an anomaly, and it is impossible to consider them as norm, the head of VTB Andrey Kostin has said in an interview to CNBC TV channel. "We don't consider that it is normal. I don't think that we will sometime come considering it as norm. It is anomaly. It seems to me, it was much better when in the world there were neither sanctions, nor the geopolitical conflicts, nor trade wars" — he has told. Kostin has reminded that Russia "has joined WTO not so long ago, and we have opened the market for international trade". "I consider, it is vital for growth of world economy. And present sanctions are absolutely illegal. It is known that the sanctions imposed according to the decision of the UN and if one country uses economic tools, for example, dollar, currency, for political reasons can only be lawful … There are no economic reasons" — the head of VTB has added. Kostin has emphasized that "the world community which for years and decades tried to obtain liberalization of trade relations shows serious resistance". "We will take, for example, the EU. They have begun to think of strengthening of trade in euro and creation of the mechanism, something like the European analog of SWIFT because they have fears concerning America" — the head of VTB has explained.

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