Despite the Kremlin’s bravura statements, the Russian economy is experiencing “certain chaos.” Penalties need to be strengthened.
Western sanctions affect Russia, although it tries to deny it. Manifestations of “some problems” are already being noticed in the Russian economy, Ukrainian Foreign Minister Andriy Sibiga said on Thursday, January 16, at a joint press conference with the Foreign Minister of the Kingdom of the Netherlands.
The Foreign Minister agreed with the words of his Dutch colleague that the sanctions imposed on Russia are valid, and called for further strengthening of the sanctions policy.
We are also seeing the manifestations of some troubles in the Russian economy, despite the bravura claims that the Russian economy has been able to cope. No, that’s not true. And it is very important that, together with our European and American colleagues, we will really raise the cost of war, the cost of aggression for Russia and make them manifestations of some problems in Russian economic trends so that it experiences more and more destruction,” Sibiga said.
He added that it was the result of Russian aggression, and that Russia should pay for it.
It was previously reported that in Russia food prices rose to a 9-year high, and annual food inflation reached 11.05% and has been a record since 2015.
Russia spent two-thirds of its reserve fund during the three years of the war
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.