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Russia has warned that current and new anti-Russia sanctions imposed by the U.S. and different Western nations will result in a worldwide financial disaster. “Each the present sanctions which have been imposed towards our nation and the brand new further steps that Brussels and Washington are most likely interested by now will hit the worldwide financial system arduous,” the spokesperson for Russian President Vladimir Putin mentioned.
Sanctions Will Result in World Financial Disaster, Says Russian Official
Russian President Vladimir Putin’s press secretary, Dmitry Peskov, informed reporters on Friday that anti-Russia sanctions can have a detrimental affect on the worldwide financial system, with the potential to spark a worldwide financial disaster.
“We proceed from the truth that in any case, each the present sanctions which have been imposed towards our nation and the brand new further steps that Brussels and Washington are most likely interested by now will hit the worldwide financial system arduous,” Putin’s spokesperson was quoted by Tass publication as saying. He added:
This may solely lead us down a path in the direction of a worldwide financial disaster.
The Group of Seven (G7) nations are reportedly contemplating a near-total ban on exports to Russia. Regardless of already halting exports of assorted gadgets, reminiscent of military-related merchandise and luxurious items, the brand new measures being thought of might widen the commerce embargo to incorporate used vehicles, tires, cosmetics, and attire.
Responding to a query concerning the G7 nations contemplating new anti-Russia sanctions, Peskov mentioned: “In fact, we’re monitoring this very rigorously, in fact, we’re conscious that the USA and EU nations are actively contemplating new further sanctions. We should not overlook that no nation on the earth has ever confronted sanctions to such an extent as we have now. Due to this fact, we adapt, develop, interact in long-term improvement plans and bear in mind the hazards that lie behind such ideas of our opponents.”
In the meantime, the BRICS nations — which comprise Brazil, Russia, India, China, and South Africa — are engaged on creating a common currency that would scale back their reliance on the U.S. greenback. Russian Overseas Minister Sergey Lavrov mentioned Thursday that Russia is prepared to participate within the discussions on the creation of a BRICS foreign money.
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