"Sanctions never deter": The whole Sanctions Backfire Spiral is already much in Sight
President Biden suggested Thursday that sanctions were not meant to deter the actions of Russian President Vladimir Putin, telling reporters now that "sanctions never deter."
The sanctions imposed on Russia have already caused price hikes and shortages of fuel and electricity and the risk of famine in many countries in view of the threats to international food security, although Russia has in fact taken no active countermeasures yet, the director of the Russian Foreign Ministry’s economic cooperation department, Dmitry Birichevsky, said on Friday.
"Although Russia has not taken any retaliatory measures in practice yet, the key influence of the whole sanction spiral is already much in sight: soaring energy prices, electricity and fuel shortages, threats to food security and the risk of famine in many countries," Birichevsky said on the Rossiya-24 round-the-clock television news channel on Friday.
He believes that the architects of these restrictions "are not quite aware of the degree of Russia’s involvement in the global economy."
"Apart from Russia’s well-known contribution to energy and food supplies the domestic businesses are actively involved in many production chains in which it is extremely difficult to find a substitute for us, if at all," he stressed.
-
1. Biden: US, NATO Allies to Revoke Russia's 'Most Favored Nation' Trade Status:
(https://youtu.be/E0hq_W_C0OA)
2. Biden says the US will seize yachts and luxury apartments from Russian oligarchs:
(https://youtu.be/DfneC4CHfdo)
-
3. Tulsi Gabbard reveals who Bidens sanctions really punish:
(https://youtu.be/nnqxZ1Uz-l0)
-
2:01
Russia Ukraine Updates
1 year agoThose imposing sanctions are punishing THEMSELVES
3141 -
34:05
The Ron Paul Liberty Report
2 years agoSay What? US Planning New Sanctions...On Russia!
4352 -
0:36
Last World News Channel
1 year ago"The attempts to break Russian economy with Western sanctions have failed" - Putin
22 -
2:20
Mike Gallagher Show
2 years agoPresident Biden said that nobody expected sanctions to prevent anything from happening
3087 -
1:38
The Ron Paul Liberty Report
1 year agoOf Course The Sanctions on Russia Backfired -- Governments Never Seem To Learn
2.38K5 -
1:48
RT
2 years agoSelf-harm doesn’t stop EU from imposing more sanctions
98624 -
2:00
B.C. Begley
3 months agoBiden administration will impose sanctions on more than 500 targets in response to Navalny death
781 -
7:41
David Woo Unbound
2 years agoWill Sanctions Stop Putin War?
29 -
0:26
BonginoReport
2 years agoBiden: No One Expected My Sanctions on Russia to Prevent Anything
10.3K70 -
15:11
RT
1 year agoEuropean sanctions stunt global trade - Kremlin economic adviser
1.12K21