Aletho News

ΑΛΗΘΩΣ

Russia warns G20 of global impact of sanctions

Samizdat | April 21, 2022

Sanctions imposed on Russia are creating serious risks to the global economy, Russian Finance Minister Anton Siluanov said via video link at a meeting of G20 finance ministers and central bank governors in Washington, DC on Wednesday.

“Excessively loose budgetary and monetary policy pursued in recent years in developed countries created inflationary pressure last year, and the sanctions imposed against Russia not only further strengthened it, but also led to new risks in the economy,” Siluanov said.

Spiking prices for energy and agricultural produce will hit developing and low-income countries, the minister warned, adding that some countries will face severe social consequences.

According to Siluanov, Russia has never refused to fulfill its obligations and continues to comply with all contracts’ terms, while shipments of goods across the global markets are being artificially restrained by sanctions, triggering an imbalance in supply and demand.

Russia has faced unprecedented penalties introduced by the US and its allies in retaliation to the Ukrainian military operation.

In less than two months, Russia has turned into the world’s most sanctioned nation, having become subject to more than 6,000 different targeted restrictions.

April 21, 2022 - Posted by | Economics, Malthusian Ideology, Phony Scarcity | ,

2 Comments »

  1. An excellent report that has my full admiration/concurrence. Were there any G20 “elites” in the room who might have had the common sense to sit up and listen intently, with comprehension, anxiety, and a bit of resolve to alter the paradigm that now seems set to alter the world in titanic, climactic, cataclysmic ways? I can’t be confident, but I suppose one might always harbor hope….

    Like

    Comment by roberthstiver | April 21, 2022 | Reply

  2. Sometimes it seems that Russian leaders are the only adults in the room…

    Liked by 1 person

    Comment by coinherence | April 21, 2022 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.