Russia has warned that present and new anti-Russia sanctions imposed by the U.S. and different Western nations will result in a worldwide financial disaster. “Each the present sanctions which were imposed towards our nation and the brand new extra steps that Brussels and Washington are in all probability excited about now will hit the worldwide economic system arduous,” the spokesperson for Russian President Vladimir Putin mentioned.
Sanctions Will Result in International Financial Disaster, Says Russian Official
Russian President Vladimir Putin’s press secretary, Dmitry Peskov, instructed reporters on Friday that anti-Russia sanctions may have a detrimental affect on the worldwide economic system, with the potential to spark a worldwide financial disaster.
“We proceed from the truth that in any case, each the present sanctions which were imposed towards our nation and the brand new extra steps that Brussels and Washington are in all probability excited about now will hit the worldwide economic system arduous,” Putin’s spokesperson was quoted by Tass publication as saying. He added:
This will solely lead us down a path in the direction of a worldwide financial disaster.
The Group of Seven (G7) nations are reportedly contemplating a near-total ban on exports to Russia. Regardless of already halting exports of assorted objects, reminiscent of military-related merchandise and luxurious items, the brand new measures being thought-about might widen the commerce embargo to incorporate used automobiles, tires, cosmetics, and attire.
Responding to a query in regards to the G7 nations contemplating new anti-Russia sanctions, Peskov mentioned: “After all, we’re monitoring this very fastidiously, after all, we’re conscious that the USA and EU nations are actively contemplating new extra sanctions. We should not neglect that no nation on the earth has ever confronted sanctions to such an extent as now we have. Subsequently, we adapt, develop, interact in long-term growth plans and have in mind the risks that lie behind such ideas of our opponents.”
In the meantime, the BRICS nations — which comprise Brazil, Russia, India, China, and South Africa — are engaged on creating a standard foreign money that would cut back their reliance on the U.S. greenback. Russian Overseas Minister Sergey Lavrov mentioned Thursday that Russia is prepared to participate within the discussions on the creation of a BRICS foreign money.
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