The American newspaper "Washington Post" reported that "two years after US President Joe Biden said that the Russian economy would suffer a crushing blow, this year it is expected that the Russian economy will grow at a faster pace than the United States, Germany, France and the United Kingdom." The newspaper ruled out that The new US sanctions on Russia, announced last Friday, will have an impact due to Russia’s flexibility with the escalation of conflict in the world, which in turn affected the global trade and financial situation. According to the newspaper, Russia has become able to face the sanctions due to the increase in its defense and military spending, which has contributed to increased production. in the country, as well as searching for new buyers and suppliers in Asia instead of Europe. The newspaper quoted statements by Cornell University sanctions expert Nicholas Mulder, who said: “This is the first geopolitical crisis in which not all major Asian economies participate. The West no longer enjoys With decisive economic power, India and China are enough to keep Russia afloat.”
Media: The new sanctions imposed on Russia will not have a noticeable effect
2024-02-24T08:02:04.745Z
Highlights: The new US sanctions on Russia will not have a significant impact on the country's economy, according to a report. The report was published by the American newspaper "Washington Post" The newspaper said that Russia has become able to face the sanctions due to the increase in its defense and military spending. It added that India and China are enough to keep Russia out of the global financial system. The U.S. is expected to increase its trade with Russia in the coming years, the report said.
An American newspaper suggested in a report that the new Western sanctions package imposed on Russia will not have a significant negative impact on the country's economy.
Source: sputnik