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Sanctions. Moscow is starting to pay a heavy price

Six months of war, six months of Western economic retaliation against Russia. Back on February 24, US President Joe Biden promised sanctions “destroyer” .“It will bring serious costs to the Russian economy, both immediately and in the long term.”, warned the American president. After the Russian attack, unable to send troops to support Ukraine, the West began A “Total economic and financial war”. Against Moscow, to use the phrase Bruno Le Mare used in March, which he was scolded for. The United States, the European Union, as well as Canada, Japan and South Korea are adopting unprecedented rounds of sanctions with more or less coherence depending on the vital interests of each.

The ruble collapsed in the hours before the Russian attack. it will lose 43% between February 22 and March 4. In its April forecasts, the International Monetary Fund (IMF) expects a very serious reduction…

Source: Le Figaro

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