The Russian economy is pursuing a policy of reducing the use of the dollar in domestic and international settlements, as well as moving to alternative capital markets to Western ones, as a result of the sanctions,  Dmitry Birichevsky, Director of the Russian Foreign Ministry's Department of Economic Cooperation, said.

As per Russian Times report, "The Russian economy is generally always subjected to heightened sanctions risks. We start with the fact that the country's home market and foreign economic relations are gradually adapting to changing conditions.

Russia has the required margin of safety to adapt its own financial policy, according to Birichevsky, who also assesses the risks of sanctions realistically.

"Reducing the use of the dollar in both internal international reserves and external settlements, shifting attention to alternative capital markets rather than Western ones... are fundamental parts of Russian economic policy," a spokesman for the Russian Foreign Ministry stated.

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