US dollars and rubles. Archival photoMOSCOW, March 11American economist Jeffrey Sachs, in an interview with Spiegel magazine, said that anti-Russian sanctions will not achieve their goals and will hit only the West. Moscow. “I predict a different development of events: significant negative consequences for the economy of the rest of the world, except for Russia,” Sachs said. The economist called sanctions a typical tool of American foreign policy. At the same time, despite the fact that they are often used, restrictive measures rarely work, the specialist emphasized. As an example, he cited sanctions against Iran, North Korea and Venezuela, the restrictive measures against which, according to the expert, “failed miserably.”
"We didn't change regimes there, and now we want to bring a much larger country to its knees. Russia is a huge state, which also has 1,600 nuclear warheads at its disposal. Putting her on her knees is just an unrealistic, impossible idea. I don’t know what’s in the minds of those people who came up with it", the expert explained.
He also expressed the opinion that Russia would “easily survive” the consequences of the imposed restrictions. operation to demilitarize and denazify Ukraine. The armed forces say they are only targeting military infrastructure and Ukrainian troops. There are casualties on both sides. After that, many Western countries announced large-scale sanctions against Russia, primarily against the banking sector and the supply of high-tech products. In addition, many brands announced the cessation of work in the country. The Kremlin called such measures an economic war, the likes of which have never been seen before. At the same time, the authorities stressed that they were ready for such a development of events and would continue to fulfill social obligations. The Central Bank is taking measures to stabilize the situation on the foreign exchange market.Read the full text of the article on the InoSMI website >> German Foreign Minister urged not to impose sanctions if Europe does not withstand them