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Sanctions against Russia will slow global economic growth, hurt vulnerable nations – minister

Samizdat | April 22, 2022

The accelerating inflation in most developed nations has come as a result of the irresponsible actions of Western financial authorities during the pandemic, worsened by a sanctions campaign against Moscow, according to Russia’s Minister of Finance Anton Siluanov.

“The scale of inflationary pressure is unprecedented in the context of recent decades,” the minister said, speaking at a plenary meeting of the International Monetary and Finance Committee of the IMF.

“This is the result of the irresponsible actions of the financial authorities of Western countries, from which the whole world suffers, and above all the most vulnerable countries with a low level of income,” he added.

According to Siluanov, the latest sanctions imposed by the West on Russia are exacerbating the situation.

“Dynamics of the accelerated energy transition is also pushing up energy prices, worsening the problems of poverty, food security, energy availability,” the minister said.

The US and its allies have introduced unprecedented economic penalties on Russia in response to the military operation in Ukraine. In less than two months, the country became the subject of over 6,000 different targeted restrictions. Russia is a major global exporter of all types of commodities, including energy and grain.

April 22, 2022 - Posted by | Economics, Russophobia

1 Comment »

  1. “This is the result of the irresponsible actions of the financial authorities of Western countries, from which the whole world suffers, and above all the most vulnerable countries with a low level of income,” he added.

    No mention of the American National debt, now $30,000,000,000,000(30 Trillion dollars) and heading towards Jupiter, with no sign of any action by the USA to reign in the debt? And no attempt to get control of the World TAX EVASION SYSTEM that is LOOTING the USA and everyone else as well.

    The World Banking system is rigged, in favour of the “1%” while everyone else is struggling to get by.

    “Once we squeeze everything we can out of the USA, it can dry up and blow away”….Netanyahu. Is ANYONE in the USA Government aware of that boast by Netanyahu, and if so, what are they doing about it?

    And, meanwhile, Israel is still getting $3,800,000,000(3.8 BILLION dollars per annum from the USA Government, FOR FREE, and America’s richest people ‘DONATE”‘ even more to Israel….for FREE.

    Is anyone in the USA Government looking after the USA’s Interests???….”WTF”?

    Like

    Comment by brianharryaustralia | April 22, 2022 | Reply


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