GENERICO.ruWorldThe West failed to crush Russia with sanctions, writes Global Times

The West failed to crush Russia with sanctions, writes Global Times


Closed Prada store in TSUMMOSCOW, 9 Apr. The recovery of the ruble against the backdrop of numerous sanctions proved the impossibility of completely isolating Russia from the global economic system, says Global Times columnist Bradley Blankenship.

" luxury goods and Western fast food turned out to be not so necessary for the normal functioning of the economy", he explained.

The initiators of the sanctions were convinced that the new restrictions would hit the Russian economy hard, cause shock among ordinary citizens and push them to attack the authorities demanding a change in foreign policy. However, as the author notes, this did not happen. The real value is the energy sector, which remains profitable due to Europe's significant dependence on Russian natural gas. That is why, according to the journalist, the United States seeks to “fill this gap”, strengthen its position in the region and reduce dependence on supplies from Russia.”I'm sick”. MEP attacked the EU because of the sanctions against RussiaAfter the start of a military special operation to demilitarize and denazify Ukraine, the West increased sanctions pressure on Moscow. Restrictive measures are directed primarily against the banking sector and the supply of high-tech products. Calls to reduce dependence on Russian energy resources have become louder in Europe. Many brands announced their withdrawal from Russia. The Kremlin called these measures an economic war, the likes of which have not yet been, but stressed that they were ready for such a development of events. The Bank of Russia takes measures to stabilize the situation on the foreign exchange market; payments for gas supplies to unfriendly countries were transferred to rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. Its financing will amount to about a trillion rubles. For the US and Europe themselves, the sanctions have already turned into economic problems, causing a serious increase in fuel and food prices. Medvedev listed the consequences of sanctions against Russia

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