US President Joe Biden. Archival photoMOSCOW, 25 Jun. The United States and its European partners did not expect the economic pressure they are experiencing after the imposition of anti-Russian sanctions, The New York Times states in the article «US-led alliance faces disappointment and pain due to sanctions against Russia.» In particular, in In the United States and Europe, after the refusal or the announced reduction of imports of Russian oil, energy prices rose sharply. At the same time, the newspaper notes, official Moscow, under sanctions pressure, only increases its income from the sale of oil and gas. The fact is, the newspaper writes, citing Andrew Weiss, vice president of the Carnegie Endowment for Research, that the economy of Western countries is more vulnerable than expected their governments. The NYT also predicts that the Republican Party in the fall midterm congressional elections will «benefit» from the rising cost of living. Earlier, American Institute for Economic Research President William Ruger said that the sanctions imposed by the United States on Russia ended up being «a shot at ourselves in leg».
The Financial Times announced the failed attempts of the West to isolate Russia On February 24, Russia launched a special military operation to demilitarize Ukraine. President Vladimir Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kyiv regime for eight years.» In response, Western countries have introduced a number of new anti-Russian sanctions, many foreign companies have suspended their work in Russia. Restrictive measures also affected Belarus, which the West accused of supporting the Russian military special operation in Ukraine. The disruption of supply chains led to economic problems in America and Europe, which were faced with an unprecedented increase in fuel and food prices. Thus, in the United States, inflation in May accelerated to 8.6 percent, the highest since December 1981, and gasoline prices on June 10 rose above five dollars a gallon for the first time in history. Vladimir Putin stated that the policy of containment and weakening of Russia — long-term strategy of Western countries, and the sanctions dealt a serious blow to the entire global economy. During his speech at the SPIEF, the Russian leader noted that oil and gas prices are rising due to the activities of the United States itself.
