The US Treasury called for a coalition of countries imposing sanctions against Russia

The HEAD of the department proposed to create a coalition that would unite many countries that impose sanctions against RUSSIA. She is confident that this will increase the effectiveness of restrictive measures. In the cabinet they said

it is necessary to create a coalition of states that impose sanctions against Russia, this will increase the effectiveness of restrictive measures, US Treasury Secretary Janet Yellen said at the DealBook DC discussion platform organized by The New York Times, RIA Novosti reports.

“In my opinion, we need a fairly large group of countries that would agree to impose sanctions against Russia,” the head of the US Treasury said.

Yellen also expressed confidence that the US economy will not face a recession, but the cost of gasoline is unlikely to fall anytime soon. She explained that Americans' consumer spending is now high, and investment-related spending is "solid."

Experts assessed the long-term effect of sanctions on the Russian economy Economics

Since the end of February, the European Union, the United States, Japan, Australia and other countries have introduced a number of restrictive measures against Russia.

The Russian Accounts Chamber pointed out that in the next one and a half to two years the country will face a “very difficult situation”, and the fall in the economy this year will be, according to preliminary forecasts, 8.8%. The head of the department, Alexei Kudrin, added that the conservative scenario suggests a fall of even 12.4%. He warned that the current crisis will be tougher than in 2009 or the effects of the covid-19 pandemic . Inflation in Russia this year will be from 17 to 20%, Kudrin said.

At the same time, the government insists that the restrictive measures introduced against Russia did not lead to a recession in the country's economy. “Thanks to the measures taken by the President of the Russian Federation, the government and the Bank of Russia, the economic war against our country did not go according to the plan of those who unleashed it,” said Deputy Prime Minister Alexei Overchuk. He said that in the last four months, economic growth amounted to 1.7%, inflation slowed down, and in the last days of May, its level was even 0%.

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Experts called the conditions for Eurasian integration against the backdrop of sanctions Economics

The representative of the Russian President Dmitry Peskov said that Russia is experiencing the largest sanctions burden in history, and the introduction of restrictive measures against President Vladimir Putin was "crossing the line of reason." “We see such a frenzy of sanctions hobbies,” he said.

See also Sanctions against SWIFT 01:44

 

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