The United States announced the goal of depriving Russia of the benefits of the global economy

The goal of US sanctions  is to stop hostilities in Ukraine, including by depriving RUSSIA of the benefits of participating in the global economy, US Department of Commerce Secretary Gina Raimondo said at the World Economic Forum in Davos. The broadcast of the discussion with her participation is available on the forum website.

“They must be denied the benefits of a global economy and global economic order for the long haul. These EXPORT restrictions will not disappear anytime soon,” Raimondo said.

The minister stressed that Russia also has to "pay a serious price in the long run for the way it behaved." According to Raimondo, this is the opinion not only of her personally, but also of US President Joe Biden. Answering the question whether this "price" should include reparations to Ukraine, the minister answered in the affirmative.

Raimondo was also asked if relations between Moscow and Washington could return to the past. "We can't even start talking about it right now." According to her, first of all, it is necessary that President Vladimir Putin ends hostilities.

In early March, the US State Department noted that the sanctions imposed on Russia could be "calibrated" if the escalation of the conflict in Ukraine stops. In mid-April, the department clarified its position: sanctions can be lifted if necessary, and such a clause can be included in the peace agreement between Moscow and Kyiv. However, the decision on this issue should be made by Ukraine. German Chancellor Olaf Scholz also noted that the lifting of sanctions is possible only in agreement with Kyiv.

On May 23, Russian President Vladimir Putin assessed the situation with sanctions as “difficult”, but indicated that the economy “withstands the sanctions strike,” as evidenced by “all the main macroeconomic indicators.” The HEAD of state added that in the current circumstances, "the economic bloc of the government" requires special efforts, which are already "giving a positive effect."