Anti-Russia Sanctions Will Trigger Global Economic Crisis, Russian Official Warns

Anti-Russia Sanctions Will Set off World Financial Disaster, Russian Official Warns

April 24, 2023 Off By lordanime37
Anti-Russia Sanctions Will Trigger Global Economic Crisis, Russian Official Warns

Russia has warned that current and new anti-Russia sanctions imposed by the U.S. and different Western nations will result in a world financial disaster. “Each the present sanctions which were imposed in opposition to our nation and the brand new extra steps that Brussels and Washington are in all probability interested by now will hit the worldwide financial system laborious,” the spokesperson for Russian President Vladimir Putin stated.

Sanctions Will Result in World Financial Disaster, Says Russian Official

Russian President Vladimir Putin’s press secretary, Dmitry Peskov, informed reporters on Friday that anti-Russia sanctions could have a detrimental affect on the worldwide financial system, with the potential to spark a world financial disaster.

“We proceed from the truth that in any case, each the present sanctions which were imposed in opposition to our nation and the brand new extra steps that Brussels and Washington are in all probability interested by now will hit the worldwide financial system laborious,” Putin’s spokesperson was quoted by Tass publication as saying. He added:

This could solely lead us down a path in the direction of a world 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 gadgets, resembling military-related merchandise and luxurious items, the brand new measures being thought-about could widen the commerce embargo to incorporate used automobiles, tires, cosmetics, and attire.

Responding to a query concerning the G7 nations contemplating new anti-Russia sanctions, Peskov stated: “After all, we’re monitoring this very rigorously, after all, we’re conscious that america and EU nations are actively contemplating new extra sanctions. We should not overlook that no nation on the planet has ever confronted sanctions to such an extent as we now have. Subsequently, we adapt, develop, interact in long-term growth plans and bear 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 common currency that would cut back their reliance on the U.S. greenback. Russian Overseas Minister Sergey Lavrov stated Thursday that Russia is prepared to participate within the discussions on the creation of a BRICS foreign money.

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