DAVOS, Switzerland, Jan 18 (PRIME) -- State development bank Vnesheconombank (VEB) has based its strategy on the West keeping its anti-Russian sanctions, but it for improvement of economic ties between Western countries and Moscow, VEB CEO Sergei Gorkov told reporters on Wednesday on the sidelines of the World Economic Forum.
“We have not included the lifting of sanctions into our scenario,” but VEB hopes warmer relations between Russia and the West.
“We all hope for it. It is difficult to predict his, but there is always hope. Still, we did not include this scenario into our plans,” he said.
In 2014, relations between Russia and the West deteriorated to their worse since the Cold War due to a military conflict in Ukraine. The West introduced sanctions against some Russian individuals and firms and further against the energy and banking sectors. In response, Russia limited food imports from some countries, including the U.S., the E.U., Canada, Australia, and Norway.
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