US Treasury Secretary Janet Yellen said Thursday that the sanctions are hurting Russia, as she and other G7 financial chiefs discussed further measures. on eve of the first holiday of Ukraine invasion.
“the way I see that our sanctions have negatively affected Russia. While by some Russian measures economy I’m staying up Better than initially expected, Russia is now running a mission budget Yellen said in India.
export controls They were making it “very hard” for Moscow to replenish its ammunition, incl repairing 9,000 tanks destroyed in Yellen told reporters in Bengaluru.
“We see it has led to mass exodus of some of more qualified Scientists and businessmen in Russians economy and exodus of foreign investment. Russia works down her holdings in Sovereign wealth fund, so… price We put a cover on on Russian oil significantly reduces Russia’s revenues. added.
several countriesparticularly China and India, Moscow helped reduce effect of Penalties by ramping up their purchases of Russian oil.
Moscow has also I managed to bypass some penalties by importing goods from the third countries.
according to official In numbers, Russia’s GDP shrank by 2.1% in 2022 – far from the apocalyptic predictions from last year – Although some West countries They say the statistics are fake.
“The Russians economy and management system turned out “It will be much more powerful than the West thinks,” said Russian President Vladimir Putin. on Tuesday, adding that the West wants to make ordinary Russians “suffer.”
‘big new package”
relents also said the global economy He was “in better placethan expected a few months ago in getting up of Russia invasion and the resulting explosion in the prices for fuel, food and other necessities.
Her comments came before the meeting of G7 finance ministers in Bengaluru later on Thursday to discuss further penalties and more financial help for Ukraine.
a senior we official He said last The week the United States and its G-7 allies planned to unveil “a big new package of Sanctions” about Febr. 24 anniversary, including crack measures down on dodging of current penalties.
Group of Twenty Financial and Central bank heads also scheduled to meet on Friday and Saturday in Bengaluru to discuss the terrible economic impacts of war f possible debt satisfaction for the poor countries.
about 15% of low income countries We are in “debt said the International Monetary Fund. a record 349 million people in 79 countries face “Acute food insecurity.”
No discussion on Ukraine is embarrassing for Host India that did not condemn invasion. Bloomberg News reports that India wants it avoid word “war” in any final statement.
It was not clear what level of Russia’s participation will have in The broader G20 meeting. German officials said no high-ranking Russian representative would attend.
meeting of G20 foreign ministers in New Delhi on March 1 and 2 can be tense, with Russian Foreign Minister Sergey Lavrov is expected to attend along with the US Secretary of State of Anthony Blinken State.
“modern sectors”
Meanwhile, Western sanctions on Russia for its war on Ukraine has heavily influenced the country’s “modern sectors,” according to Pavel Paev, a researcher at the Peace Research Institute Oslo (PRIO).
Despite some claims that Western sanctions have been ineffective, Paif said their impact has been mismeasured in terms of degradation rather than destruction of the economy.
According to a report by the Swiss-based University of St. Gallen last month, while many famous global Companies have moved out of Russia since the start of the conflict, the majority remain active.
The finest brands like Amazon, Apple, Google, Microsoft and Samsung no longer exist active in Russians market Or they apply some restrictions because of their war on Ukraine since last February.
“Every sector is modern of Russians economyfrom the IT sector to aircraft buildingseverely affected, deterioration set To speed up ” added.
Since the beginning of During the war, the European Union stopped exports to Russia of cutting-edge technologymachinery, equipment, services, and products essential to transportation, oil refining, energy, aviation, space, maritime navigation, wireless communications, and unmanned aerial vehicles vehicle sectors.
Self-destruct position
Confirmation that the sanctions had a significant impact continues to accumulate on Russians economyMany experts focused, Paif said on its exports and income even if it is not available of Many imports hit accident technologies especially hard.
“This disorder of Supply chains are seriously limiting ability of Russians defense- An industrial complex for the production of the necessary weapon systems – and this has a huge impact of “Penalties”.
About the position of Russia as a key player in Energy sector, said the country’s countermeasures on Europe over that it support for Ukraine was caused Some suffering but ultimately proved less impactful than expected, even helping the continent shift towards renewable energy sources.
Not only does he show remarkable resilience to Russia’s threats to turn around off Power tap, but the EU has it also Seize the opportunity to strike back “weaponizing” oil and gas imports and causing great suffering to Russia, the security expert said, adding that the range of This damage will become clear by summer.
He stressed that Russia has destroyed its position as an important energy power.
after announcement of Western war sanctions last yearRussia threatened to stop the flow of Hydrocarbons, especially natural gas, to Europe countries that depend on these energy products.
in the end of last yearsummer months, russia cut off off deliveries via Nord Stream-1, allegedly for malfunctions in The gas pipeline that runs from Russia to Germany under the Baltic Sea.
on time of the decisionRussian gas giant Gazprom released a video of She turns off Fuses amid threats of cold and famine in Europe with next winter.
Rebuilding economic ties
Pave also He pointed out the effects of the war on the global economysaying that Moscow expected its actions to have a lot going for it more The impact is profound and has not yet been able to absorb fact This is it international The economic file has shrunk a lot.
after the start of the war global economy faced prominent price Rises in Primary energy and food products. However, the boom has since declined through workarounds and measures.
Russia needs to come to terms with defeat in This war is tragic and devastating, and it will be a painful process.
“That’s a lot easier to plan for Rebuilding Ukraine rather than anticipating the pattern of Economic relations between Russia and the European Union Moscow will have a chance to rebuild Many basic economic ties, but only if you accept responsibility for Aggression and agrees to contribute to the revival of Ukraine.
US Treasury Secretary Janet Yellen said Thursday that the sanctions are hurting Russia, as she and other G7 financial chiefs discussed further measures. on eve of the first holiday of Ukraine invasion.
“the way I see that our sanctions have negatively affected Russia. While by some Russian measures economy I’m staying up Better than initially expected, Russia is now running a mission budget Yellen said in India.
export controls They were making it “very hard” for Moscow to replenish its ammunition, incl repairing 9,000 tanks destroyed in Yellen told reporters in Bengaluru.
“We see it has led to mass exodus of some of more qualified Scientists and businessmen in Russians economy and exodus of foreign investment. Russia works down her holdings in Sovereign wealth fund, so… price We put a cover on on Russian oil significantly reduces Russia’s revenues. added.
several countriesparticularly China and India, Moscow helped reduce effect of Penalties by ramping up their purchases of Russian oil.
Moscow has also I managed to bypass some penalties by importing goods from the third countries.
according to official In numbers, Russia’s GDP shrank by 2.1% in 2022 – far from the apocalyptic predictions from last year – Although some West countries They say the statistics are fake.
“The Russians economy and management system turned out “It will be much more powerful than the West thinks,” said Russian President Vladimir Putin. on Tuesday, adding that the West wants to make ordinary Russians “suffer.”
‘big new package”
relents also said the global economy He was “in better placethan expected a few months ago in getting up of Russia invasion and the resulting explosion in the prices for fuel, food and other necessities.
Her comments came before the meeting of G7 finance ministers in Bengaluru later on Thursday to discuss further penalties and more financial help for Ukraine.
a senior we official He said last The week the United States and its G-7 allies planned to unveil “a big new package of Sanctions” about Febr. 24 anniversary, including crack measures down on dodging of current penalties.
Group of Twenty Financial and Central bank heads also scheduled to meet on Friday and Saturday in Bengaluru to discuss the terrible economic impacts of war f possible debt satisfaction for the poor countries.
about 15% of low income countries We are in “debt said the International Monetary Fund. a record 349 million people in 79 countries face “Acute food insecurity.”
No discussion on Ukraine is embarrassing for Host India that did not condemn invasion. Bloomberg News reports that India wants it avoid word “war” in any final statement.
It was not clear what level of Russia’s participation will have in The broader G20 meeting. German officials said no high-ranking Russian representative would attend.
meeting of G20 foreign ministers in New Delhi on March 1 and 2 can be tense, with Russian Foreign Minister Sergey Lavrov is expected to attend along with the US Secretary of State of Anthony Blinken State.
“modern sectors”
Meanwhile, Western sanctions on Russia for its war on Ukraine has heavily influenced the country’s “modern sectors,” according to Pavel Paev, a researcher at the Peace Research Institute Oslo (PRIO).
Despite some claims that Western sanctions have been ineffective, Paif said their impact has been mismeasured in terms of degradation rather than destruction of the economy.
According to a report by the Swiss-based University of St. Gallen last month, while many famous global Companies have moved out of Russia since the start of the conflict, the majority remain active.
The finest brands like Amazon, Apple, Google, Microsoft and Samsung no longer exist active in Russians market Or they apply some restrictions because of their war on Ukraine since last February.
“Every sector is modern of Russians economyfrom the IT sector to aircraft buildingseverely affected, deterioration set To speed up ” added.
Since the beginning of During the war, the European Union stopped exports to Russia of cutting-edge technologymachinery, equipment, services, and products essential to transportation, oil refining, energy, aviation, space, maritime navigation, wireless communications, and unmanned aerial vehicles vehicle sectors.
Self-destruct position
Confirmation that the sanctions had a significant impact continues to accumulate on Russians economyMany experts focused, Paif said on its exports and income even if it is not available of Many imports hit accident technologies especially hard.
“This disorder of Supply chains are seriously limiting ability of Russians defense- An industrial complex for the production of the necessary weapon systems – and this has a huge impact of “Penalties”.
About the position of Russia as a key player in Energy sector, said the country’s countermeasures on Europe over that it support for Ukraine was caused Some suffering but ultimately proved less impactful than expected, even helping the continent shift towards renewable energy sources.
Not only does he show remarkable resilience to Russia’s threats to turn around off Power tap, but the EU has it also Seize the opportunity to strike back “weaponizing” oil and gas imports and causing great suffering to Russia, the security expert said, adding that the range of This damage will become clear by summer.
He stressed that Russia has destroyed its position as an important energy power.
after announcement of Western war sanctions last yearRussia threatened to stop the flow of Hydrocarbons, especially natural gas, to Europe countries that depend on these energy products.
in the end of last yearsummer months, russia cut off off deliveries via Nord Stream-1, allegedly for malfunctions in The gas pipeline that runs from Russia to Germany under the Baltic Sea.
on time of the decisionRussian gas giant Gazprom released a video of She turns off Fuses amid threats of cold and famine in Europe with next winter.
Rebuilding economic ties
Pave also He pointed out the effects of the war on the global economysaying that Moscow expected its actions to have a lot going for it more The impact is profound and has not yet been able to absorb fact This is it international The economic file has shrunk a lot.
after the start of the war global economy faced prominent price Rises in Primary energy and food products. However, the boom has since declined through workarounds and measures.
Russia needs to come to terms with defeat in This war is tragic and devastating, and it will be a painful process.
“That’s a lot easier to plan for Rebuilding Ukraine rather than anticipating the pattern of Economic relations between Russia and the European Union Moscow will have a chance to rebuild Many basic economic ties, but only if you accept responsibility for Aggression and agrees to contribute to the revival of Ukraine.