Banknotes: US dollars and euros. Archival photoMOSCOW, May 10. The Ukrainian crisis and rising inflation have now become the most serious threats facing the global financial system, writes ABC News, citing the Federal Reserve System. and record inflation,” the publication says. As the regulator noted, it was the events in Ukraine that to a large extent contributed to the growth of economic uncertainty. “Further adverse surprises in inflation and interest rates, especially if they are accompanied by a slowdown in economic system,” the article notes. After the start of the Russian military special operation to demilitarize and denazify Ukraine, the West stepped up sanctions pressure on Moscow. Restrictive measures are directed primarily against the banking sector and the supply of high-tech products. Many countries have announced the freezing of Russian assets. Calls to reduce dependence on Russian energy resources have become louder in Europe. But all this has already turned into economic problems for the West itself, causing a rise in prices for fuel and products. The Kremlin called the sanctions an economic war, the like of which has not yet been. As President Vladimir Putin noted, sanctions have dealt a serious blow to the entire global economy, and the main goal of the West is to worsen the lives of millions of people. According to him, the current events are drawing a line under the global dominance of the West in both politics and economics.
