The Limited Use of Currency by the Russian Federation Affects Its Economy — O'Sullivan.

A participant of the European Policy Centre in Brussels, David O'Sullivan, stated that Russia's forced use of currencies from countries that haven't approved sanctions against it affects the Russian economy and demonstrates the effectiveness of these restrictions.

He commented on the information regarding Russia receiving a significant amount of rupees through deals with India, which it can use to purchase necessary equipment in third countries. It is noted that Russia has invested billions of rupees in Indian stocks and projects in the country.

"In reality, the Russians don't want to buy that much from the Indians, and they are stuck with a mountain of rupees that they don't particularly need. To what extent the Indian authorities actually have technologies that might be of interest, perhaps that's something that needs to be studied further... But I think one of the problems for Russia lies in the fact that they are doing this. Part of the revenue they get from their oil and gas sales comes in currencies that are not so convenient for them as they would like. And this is yet another challenge for the Russian economy. However, I will certainly have some interesting discussions with my Indian colleagues next month when I am there," said O'Sullivan.