Russia would weather any potential financial crisis better than some other countries, the country's deputy finance minister indicated on Tuesday.
"The problems are already behind us. We've experienced huge shocks but if we imagine another crisis like a global financial crisis, Russia will in that case suffer less because we already made huge adjustment to a much harsher reality in the past couple of years," Maxim Oreshkin told CNBC on the sidelines of the World Economic Forum in Tianjin.
Oreshkin's comments came close on the heels of a referendum in the U.K. last week in which voters opted to leave the EU. The outcome rocked global financial markets, sparking concerns that the turmoil would spill over to emerging markets.
The U.S. and the European Union (EU) introduced sanctions against Russian companies and individuals with links to Moscow after Russia's annexation of Crimea in 2014, the same year energy prices started their extended decline.