“Western sanctions could boost the Russian economy”

For the Russian economist Sergei Efremov, if purchases of hydrocarbons by European countries drop suddenly, this will stimulate the productive diversification of the Russian economy. Finally, it will become essential for the country to seek new sources of income, to develop its civil industries.

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By Benjamin Quenelle

Published on 05/29/2022 at 18:03
Reading time: 4 mins

Sergueï Efremov, doctor in political sciences, worked on the theme of public economic support for NGOs oriented towards society in Russia. He directs the international laboratory of the Center for Economic Studies of Civil Society at Moscow State University.

The European Union is preparing a sixth set of sanctions against Moscow, with a possible embargo on Russian oil. Would abandoning dependence on gas and oil be beneficial for the European Union but also for Russia?

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