In his speech on the 80th day since Russia launched a special military operation in Ukraine, Foreign Minister Lavrov pointed to a series of sanctions imposed by the West against Moscow. “The West has waged an all-out mixed war with us,” he said. “It is difficult to predict how long all of this will last, but the consequences will be very clear.”
“We did everything we could to avoid a direct clash – but now that the challenge is in front of us, of course we have to accept it. Russia is no stranger to sanctions, no matter how formal. in one form or another”.
The sanctions target top Russian companies, banks and political elites to deter Moscow from its campaign in Ukraine. Since being imposed, these measures have disrupted energy markets and exacerbated the global food crisis.
In his speech, Foreign Minister Lavrov outlined the strategy Moscow is trying to implement.
He called the sanctions, which include the seizure of nearly half of Russia’s $640 billion in foreign exchange reserves, as proof that no one is safe from Russia’s “irresponsible” behaviour. Western countries, as well as emphasize that countries need to reduce their economic dependence on the US and its allies.
“Not only Russia but many other countries are also reducing their dependence on the dollar, technology and Western markets,” he said.
He asserted that Western efforts to isolate Russia had failed. Russia’s relationship with China is at its best ever and the country is developing a privileged strategic partnership with India.
Having just returned from a trip to the Middle East, Lavrov also highlighted the importance of Russia’s relations with Egypt, Algeria and the Gulf states, as well as Asia, Africa and Latin America.
Russia has sold twice as much crude oil to India in the two months since the operation in Ukraine on February 24, equal to the whole of 2021. It seems that in the context of Western nations cutting back on Russian oil purchases, Indian importers seized the opportunity and bought it at a discounted price.
However, despite Russia’s insistence that Moscow can thrive even under sanctions, in reality its economy is on track to contract between 8.8% and 12.4%, according to the report. a document from the Ministry of Economy verified by Reuters. It is estimated that it will take until 2026 for the Russian economy to return to the size it was before the start of the campaign.
Besides, Russia’s annual consumer inflation accelerated in April 2022 to 17.83%, the highest level since 2002.
at Blogtuan.info – Source: danviet.vn – Read the original article here