Mr. Medvedev: EU receives “sweet consequences” when sanctioning Russia

Dmitry Medvedev, Vice Chairman of the Russian Security Council, said, Russia Difficulty in terms of foreign sanctions, but Europe is also feeling the consequences of sanctions.

According to TASS, former Russian President Medvedev, and chairman of the United Russia party, made this comment at the party’s conference “Enterprise in the New Economic Reality”. According to Mr. Medvedev, “the Western world is bringing itself into a global crisis”.

“Europeans are starting to feel all the “sweet” consequences of the orders punish Russia: Inflation or even hyperinflation, rising fuel prices, rising prices of housing, utilities, food, essential goods, job cuts….” – he said.

Former President Medvedev added that Russia is “not at a comfortable time” in this situation. Acknowledging that Russia is also affected by sanctions, he said that the difference between Russia and the West is that Russia has “a noble goal”, RT information. Medvedev also said that Russia should be prepared for the possibility that sanctions will remain for a long time.

“We understand that these sanctions… will be one of the systematic ways of fighting for world leadership and against the development of our country and this will continue for some time. very long” – he emphasized.

In Mr. Medvedev’s view, sanctions pose a much more difficult challenge than the pandemic because when the world responds to COVID-19 “there is no such clear ideological difference”.

“And what is happening is a completely different story,” noted the former Russian president.

In the past 3 months, since Russia launched its military operation in Ukraine, Russia received unprecedented economic sanctions.

Among other measures, the US has imposed an embargo on Russian oil – one of the country’s main exports. Meanwhile, EU is preparing a 6th package of sanctions against Russia is also considering a ban on Russian oil.

Moscow was excluded from the international financial and interbank telecommunications system SWIFT, while Russian banks, institutions and individuals were sanctioned, many assets – including half of Russia’s foreign exchange reserves has been frozen. Moscow has also announced a number of countermeasures.