The building of the Ministry of Foreign Affairs of Russia. File photoUN, 27 Apr. Speaking at the UN Economic and Social Council (ECOSOC) forum on financing for development, Deputy Foreign Minister Alexander Pankin called sanctions against Moscow unfair and called on countries to join forces to build a more just economic order .
"Today, Russia found itself in a situation of unprecedented sanctions pressure. It is unjust, neither in form nor in essence, as it is based on lies and hypocrisy. We call for joining forces in the name of building a more just economic world order", said Pankin.
According to him, the reason for today's failures in economic development in the world is the injustice of the existing international economic order, «which is cemented by the unwillingness of developed countries to revise the current financial architecture that infringes on the rights and legitimate interests of the developing world.» deprive them of the chance to rise to a new stage of development. Existing export-oriented economic models make the well-being of entire regions directly dependent on the growth rates of developed economies,» the Deputy Foreign Minister said. jpg» />Experts assessed the consequences of possible sanctions against diamonds from Russia At the same time, according to the IMF, prices for exported commodities are declining in the long term relative to prices for industrial goods produced by developed countries, Pankin concluded. Russia launched a military operation in Ukraine on February 24. In response, Western countries imposed large-scale sanctions against Moscow, which primarily affected the banking sector and the supply of high-tech products. Individual brands announced the cessation of work in the country. The Kremlin called these measures an economic war, the likes of which have never been seen before. The authorities declared their readiness for such a scenario and assured that they would continue to fulfill social obligations. The Central Bank is taking measures to stabilize the situation in the foreign exchange market. The authorities also announced the transfer of payments for gas supplies to unfriendly countries into rubles. The government has prepared a plan to counter sanctions, which includes about a hundred initiatives. The volume of its funding will be about a trillion rubles. It will solve all the problems with the economy that the West creates for it. sure Patrushev