The Russia-Ukraine war has been going on for over a year. The countries of the world tried in various ways to stop this war. But, it does not seem to stop the war. Subsequently, Western countries have announced more than 11,300 economic sanctions against Russia since February 2022.
It also froze about $300 billion of Russia’s foreign reserves. However, Russia is trying various ways to recoup lost revenue as a result of sanctions. Trade with the EU, which was Russia’s mainstay of trade before last year’s invasion of Ukraine, has fallen by 51 percent.
Russian government revenue fell 35 percent in January compared to last year, while spending rose 59 percent. It is in this situation that the economic conference was held in Siberia last Thursday. “There will be no money next year, we need foreign investors,” the Russian group said. This announcement by Russia has created a stir in the international political arena