SOCHI: ‘ Russia’s Economic Sanctions by West Contracts to Asia Pacific Regions – Medvedev ‘

#AceNewsServices – SOCHI, September 19. /ITAR-TASS/. The gaps on the Russian markets left amid Moscow’s embargo on imported Western food will be soon filled, Russian Prime Minister Dmitry Medvedev said at the International Investment Forum in Sochi on Friday.

' APAC '

‘ APAC ‘

Producers from other countries know very well that the market gaps will not remain empty for a long time. Very soon, they will be filled, primarily, by domestic producers,” Medvedev said.

' Countries of the Asia Pacific Region '

‘ Countries of the Asia Pacific Region ‘

The Russian market is also open for partners in the Customs Union and the Commonwealth of Independent States, as well as companies from the countries of Latin America and the Asia-Pacific.

Medvedev said “there is no need to return to mobilization economics, as it is a way to nowhere, while Russia needs a modern and effective market economy.”

Russia’s national development course remains unchanged because an epoch of anti-Russian sanctions will sooner or later be over”, he said.

“Even under conditions of sanctions, we should continue the former course. Sanctions will be dropped, we will come to terms sooner or later as it always was in the world history, but we should not change the course,” he said.

“Making correct decisions is the best way of protection. We have not gone off the right way so far, and I hope we will neither go the wrong way in the future,” Medvedev said.

Developing cooperation with Asia-Pacific countries

Russia should build up trust with Asian countries and the scale of the country’s involvement in Asia-Pacific regional affairs, Prime Minister Dmitry Medvedev said.

First, it is needed to increase the level of trust between Russia and Asian countries at state, corporate and civil levels,” he noted. “There will be no investments without trust and there will be no development without investments,” Medvedev said.

Secondly, it is needed to qualitatively expand the scale of involvement in regional affairs, meeting the demand in relations with Russia formed for the last few years,” the prime minister added.

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