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Kremlin warns of global economic crisis Kremlin warns of global economic crisis
(about 2 hours later)
Anti-Russian sanctions hit the global economy too, bringing it closer to a failure, Dmitry Peskov has said Sanctions on Russia have had a major negative impact on the world economy, spokesman Dmitry Peskov has said
Current and future economic restrictions imposed against Russia are ricocheting into the world economy, pushing it closer to experiencing serious troubles, Kremlin spokesman Dmitry Peskov said on Friday, commenting on the proposal of near-total export embargo reportedly considered by G7 members. Sanctions imposed on Russia are pushing the global economy closer towards a major crisis, Kremlin spokesman Dmitry Peskov claimed on Friday. The official was commenting on reports that G7 members are considering a near-total ban on exports to Russia.
“We realize that the US and nations in the EU are considering new, additional sanctions,” the Russian official stated, when asked by the media about the embargo idea. “We realize that the US and nations in the EU are considering new, additional sanctions,” Peskov told journalists when asked about the potential G7 embargo.
“All sanctions, which have been imposed on our nation, and new extra moves, which may be under consideration at the moment in Brussels and Washington, will certainly hit the world economy too,” he added. “That can only exacerbate the trends towards a world economic crisis.” “All sanctions which have been imposed on our nation, and new moves which may be under consideration at the moment in Brussels and Washington, will certainly hit the world economy too,” he added. “That can only exacerbate the trends towards a world economic crisis.”
Bloomberg reported on Thursday that G7 nations are finalizing a proposal for a blanket ban on exports to Russia, unless a waiver is granted. Exceptions may be offered to medicines, food, and agricultural products, the news agency’s sources said. Bloomberg reported on Thursday that G7 nations were finalizing a proposal for a blanket ban on exports to Russia, unless waivers are granted in certain areas. Exceptions could be offered for medicines, food, and agricultural products, the news agency’s sources said.
The seven industrialized nations are trying to get all members of the EU onboard with their plan, Bloomberg said. The club includes Canada, France, Germany, Italy, Japan, the UK, and the US, three of which are also members of the European bloc. G7 countries are attempting to get all members of the EU on board with the plan, Bloomberg said. The club includes Canada, France, Germany, Italy, Japan, the UK, and the US, three of which are also members of the European bloc.
The EU joined the US-led effort to punish Russia with economic sanctions over the conflict in Ukraine and imposed 10 rounds of its own restrictions. But it ran out of options for further moves, with the next round in the making reportedly focused on enforcement. The EU joined the US-led effort to punish Russia with economic sanctions over the conflict in Ukraine and imposed 10 rounds of its own restrictions. But it has reportedly run out of options for further moves, with the next batch under consideration said to be focused on the enforcement of existing sanctions.
Meanwhile, member states faced public discontent over the toll the policy took on their own economies. The push to decouple from the Russian market spurred inflation in the EU, mudged European manufacturers not to sell their products in Russia, and undercut revenues from Russian tourists, among other things. Meanwhile, member states have faced public discontent over the toll the policy has taken on their own economies. The push to decouple from the Russian market has spurred inflation in the EU, discouraged European manufacturers from selling their products in Russia, and undercut revenues from Russian tourists, among other effects.
Peskov noted that Moscow was “adapting” to the unprecedented Western pressure and made development plans that accounted for the threats posed by such policies. Peskov said that Moscow was “adapting” to the unprecedented Western pressure and has made development plans that account for the threats it poses.