View of the Grand Kremlin Palace. Archive photoMOSCOW, May 19.Western sanctions against Russia have not caused the expected damage due to the position of China, India, Turkey and Brazil, writes the German newspaper Süddeutsche Zeitung. It is emphasized that these countries have refrained from broad support for restrictive measures against Moscow. Brazil and Turkey either did not join the Western sanctions at all, or did so only partially,» the article says. The authors of the publication noted that the Russian economy remains stable despite the sanctions pressure.
The EU failed to adopt the sixth package of anti-Russian sanctions»The expected financial crisis did not happen. GDP did not fall as dramatically as expected. The Russian currency quickly recovered from the fall,» writes the Süddeutsche Zeitung.To this result , according to the newspaper, led to such measures by the Central Bank as the reduction of the key rate to 14 percent, as well as the decision to accept payment for gas in rubles.
Beijing called on the G7 countries to stop imposing illegal sanctionsWestern countries have introduced new restrictions against Russia due to the military operation in Ukraine. The EU states are seriously considering the possibility of abandoning Russian oil and gas, the sixth package of sanctions provides for the introduction of an oil embargo, but some countries, in particular Hungary, are blocking its adoption. President Vladimir Putin has said that the policy of containing and weakening Russia is a long-term strategy for the West, and the sanctions have dealt a severe blow to the entire global economy. According to him, the main goal of the United States and Europe is to worsen the lives of millions of people. The head of state added that the current events draw a line under the global dominance of the West both in politics and in the economy. The President emphasized that Russia is not going to isolate itself, it cannot be strictly isolated in the modern world.
