China called the negative consequences of anti-Russian sanctions for the West

Anti-Russian sanctions imposed by the United States have weakened the American economy and the position of the dollar. Wang Yi, a columnist for the Chinese Global Times, writes about this on Monday, May 23.

“Sanctions <…> hit global food and energy supply chains. <…> It seems that it is not so easy for Western countries to find alternative oil and gas exporters,” the observer writes.

According to him, the Russian Federation is currently adapting to the new international situation.

“The United States is watching how its policy towards Russia “stings” its own economy and currency,” Wang Yi concluded.

On May 23, Russian President Vladimir Putin said that the Russian economy is bearing the blow with dignity, despite the sanctions. He pointed out that “all the main macroeconomic indicators speak of this.”

On May 22, the Global Times reported that due to Washington’s decision to freeze Russian state assets, foreign investors’ confidence in US financial institutions is now undermined. The article also noted that the US was pursuing its own “selfish interests.”

On May 19, Russian Energy Minister Nikolai Shulginov, during a meeting with Russian Prime Minister Mikhail Mishustin, said that Russia is working on additional supply channels and logistics from friendly countries for the supply of spare parts and components in the energy sector.

On May 12, Putin announced that the continuation of the Western sanctions policy would lead to consequences that are difficult to reverse. The head of state added that on average in the Eurozone, due to food inflation, “goods added more than 11%”, and in some countries inflation approached 20%. In addition, the sanctions are provoking a global crisis, from which the world’s poorest states will suffer first of all, the president added.

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