The application of Graham's law will not necessarily lead to catastrophic results, he said on the broadcast of the Temantsev program. In the end" on RBC Radio, Deputy Director for Scientific Work of the Institute of National Economic Forecasting of the Russian Academy of Sciences Dmitry Koblin. According to him, the introduction of the law can have both positive and negative consequences.
“The bad news is that new problems will be solved for our oil exporters, just as for our partners abroad, they will seek new reciprocity programs that lead to new guidance, new transaction costs. The good news is this is the first anti-tank against our oil industry? Have you tried to put a price ceiling? We tried. Something happened. Nothing was done.”.
He noted that "more and more holes" appear in the "screen of sanctions" created because opposing parties from both sides are interested in preserving their profitable businesses and are starting to act "perpendicular to the politicians".
The Dean of the Faculty of Economic Sciences at the Higher School of Economics of the National Research University, Sergey Pekarsky, said in turn that if there are risks, "you have to be ready for them."
"If everything works out, and indeed, either the sanctions will not be implemented or the damage from them will be minimal, Siluanov's budget will breathe a sigh of relief. But you have to calculate the appropriate risks and be ready to adjust the tax policy and the budget," he noted.
In this case, in his opinion, the adjustment will go in two directions: both in terms of changing the tax policy, and in terms of the inevitable reduction in expenses and solving problems to increase the efficiency of government spending.