July 22, 2022

The Foreign Ministry saw the consequences of “sanction exercises” for the global economy

By Azlyrics

The next package of sanctions against Russia will not change Moscow's position, but will harm the global economy and security, Zakharova believes 06/756584414661064.jpg” alt=”The Foreign Ministry saw the consequences of the “sanction exercises” for the global economy” />

The decision of the European Union to introduce a new package of anti-Russian sanctions is illegitimate, and attempts to put pressure on Russia have no prospects, the official said Foreign Ministry spokeswoman Maria Zakharova. However, she believes, “the consequences of the EU sanctions exercises” will become disastrous for various segments of the global economy and security, including the EU member states.

The economic and energy policy of the West has led to an increase in prices for agro-industrial products and hydrocarbons, the Foreign Ministry believes. “The situation is aggravated by the anti-Russian measures of the EU, openly pursuing the goal of undermining the foreign economic activity of our country, including in the agro-industrial sector,” — said in a comment by Zakharova, who recalled the sanctions against shareholders and management of Russian producers and exporters of fertilizers.

The financial restrictions adopted by the European Union make it difficult to transport goods, provide financial and insurance services, and disrupt supply chains, she said. Due to sanctions, Western banks are delaying transactions or canceling contracts.

At the same time, Zakharova noted, the document of the EU Council “indicates the intention to expand exemptions from previously adopted sanctions measures in order to avoid potential negative consequences for global food and energy security.” Russia expects that the EU's actions in the field of food security will help create conditions for the export of grain, fertilizers and components for their production.

On the evening of July 21, the Official Journal of the EU published the seventh package of sanctions imposed in response to the Russian military operation in Ukraine. More than 50 individuals and legal entities fell under the new restrictions, including Moscow Mayor Sergei Sobyanin, presidential envoy to the North Caucasus Federal District Yury Chaika, leader of the Night Wolves biker club Alexander Zaldostanov, actors Sergei Bezrukov and Vladimir Mashkov.

Among the organizations on the list were Sberbank, the NGO Kvant, the Russkiy Mir Foundation, the Alexander Gorchakov Public Diplomacy Foundation and others.

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The head of the European Commission, Ursula von der Leyen, previously announced the approval of the next round of sanctions. The new package will extend the current sanctions until 2023, and also ban the import of gold of Russian origin.

The Kremlin responded by saying that no, even the most severe restrictive measures “have ever in any part of the world led to so that those countries against whom they are introduced somehow change their position. According to presidential spokesman Dmitry Peskov, EU sanctions harm his own interests.

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