The World Bank Building in Washington DCWASHINGTON, Mar 15World Bank President David Malpass believes that sanctions against Russia will have a greater impact on global GDP than the Russian special operation to demilitarize Ukraine.Melpass considered that the situation in Ukraine will lead to «an immediate impact in the short term» on the global economy. the sanctions against Russia themselves have a greater impact on global GDP,» Malpass said at an event organized by the Washington Post. The head of the World Bank, however, noted that other countries will be able to quickly recover from the cessation of supplies of Russian energy resources and food from Russia and Ukraine. In particular, in his opinion, the agricultural sector of other countries can «adapt in a year or so.» Russia launched a special military operation in Ukraine on February 24. President Vladimir Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.» For this, according to him, it is planned to carry out «demilitarization and denazification of Ukraine», to bring to justice all war criminals responsible for «bloody crimes against civilians» in Donbass. According to the Ministry of Defense of the Russian Federation, the Armed Forces strike only at the military infrastructure and Ukrainian troops. With the support of the Armed Forces of the Russian Federation, the DPR and LPR groups are developing an offensive. But there is no question of the occupation of Ukraine, the President of Russia emphasized. In response, Western countries imposed new anti-Russian sanctions, including against Russian banks and enterprises. A number of companies announced their withdrawal from the Russian market and the closure of production facilities in the Russian Federation. Russian Foreign Minister Sergei Lavrov noted that Western companies that refuse to work with Russia did so under enormous pressure, but Russia will solve all the problems with the economy that the West creates for it.
China says unilateral sanctions will only exacerbate contradictions
