According to the head of the Russian Union of Industrialists and Entrepreneurs (RSPP), Alexander Shokhin, the head of the Russian Cabinet of Ministers, Dmitry Medvedev, expressed support for the creation of a new government department - one that “will fight against sanctions.
There is no talk about punishing someone, but to monitor the situation and determine what form of support is needed - foreign trade, credit, refinancing. And the Central Bank, the Ministry of Finance, the Ministry of Industry and Trade, the Ministry of Economic Development should somehow get involved.
According to Shokhin, there is already a practice in the USA that can be called something similar. He recalled the existence of the Office of Foreign Assets Control of OFAC under the US Treasury Department It is this management that deals with the introduction of economic restrictions.
According to Shokhin, he proposes the working title “Kontrofak” for the new Russian “anti-banking” department under the government.
My suggestion - in order, I cannot say a joke - to create a structure called Kontrofak. Since the US Department of the Treasury has OFAC, we need to create a structure of Counter-cash (...) The Prime Minister agreed in principle with this. Another thing - you need to think about where to place it.