Valentina Matviyenko, Chairwoman of Russia’s Federation Council said on Wednesday that the country’s economy remains stable and resilient, even in the face of up to 30 packages of sanctions from so-called “non-friendly” countries.
Speaking during a plenary session of the Federation Council, as reported by TASS, Matviyenko emphasized the robustness of Russia’s fiscal framework:
“Regarding the federal budget for 2025 and the planning period for 2026–2027, adjustments will not destabilize the overall economic and financial situation, which remains stable despite everything. Non-friendly countries may dream of the contrary, even if they impose 30 sanction packages.”
She added that Russia’s state and government apparatus are actively working to overcome challenges and address domestic issues.
The statement comes amid escalating Western pressure. On October 22, the U.S. Treasury Department imposed a new round of sanctions on Rosneft, Lukoil, and 34 of their subsidiaries.
Meanwhile, the European Union’s 19th sanctions package, which took effect on October 24, includes restrictions on banking transactions with several Russian banks, bans on exports of dozens of European goods to Russia, and a prohibition on purchasing Russian liquefied natural gas.
Analysts note that while Russia has demonstrated resilience under previous sanctions, the cumulative impact of these latest measures could present longer-term economic challenges. Nevertheless, Matviyenko projected confidence in the country’s ability to navigate both internal and external pressures.
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