---
title: "CEO of Russian Oil Company: US trade restrictions have failed to hinder China's economic growth momentum"
description: "Igor Sechin, CEO of Rosneft, stated at the St. Petersburg International Economic Forum that U.S. trade restrictions have failed to stop China's economic growth. He pointed out that while the U.S. is r"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/245536463.md"
published_at: "2025-06-21T09:59:43.000Z"
---

# CEO of Russian Oil Company: US trade restrictions have failed to hinder China's economic growth momentum

> Igor Sechin, CEO of Rosneft, stated at the St. Petersburg International Economic Forum that U.S. trade restrictions have failed to stop China's economic growth. He pointed out that while the U.S. is responding to its budget deficit by raising import tariffs, this has led to supply chain disruptions and inflation, with minimal impact on China. Meanwhile, the World Bank has lowered its GDP growth forecast for the U.S. to 1.4%, while keeping its forecast for China unchanged

According to a report by TASS on the 21st, Igor Sechin, CEO of Rosneft, recently stated at the 28th St. Petersburg International Economic Forum in Russia that the trade restrictions imposed by the United States have failed to hinder China's economic growth momentum. "One of the recent measures taken by the U.S. to address the budget deficit is to impose trade restrictions. However, the sharp increase in import tariffs has led to supply chain disruptions, material shortages, and inflation. The restrictions imposed this year have had little impact on China," Sechin said. In contrast, Sechin added that the World Bank has lowered its GDP growth forecast for the U.S. this year to 1.4%, while maintaining its forecast for China unchanged

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
