Sanctions against the aggressor were imposed by the European Union, the United Kingdom, the United States, Canada, Switzerland, Australia and Japan.
The world continues to protest Russia for attacking Ukraine. After the outbreak of a full-scale war, the Russian Federation was cut off from the global financial system, deprived of Western technologies and parts of civil aviation, and half of the accumulated reserves. The press service of the Verkhovna Rada of Ukraine reported that because of this, in 2022, Russia became the most sanctioned country in the world.
So, according to Elena Moshenets, Deputy Chairman of the Verkhovna Rada Anti-Corruption Policy Committee, sanctions were imposed on the aggressor country by the European Union, the United Kingdom, the USA, Canada, Switzerland, Australia and Japan.
Moshenets said, “This year, Russia has become the most sanctioned country in the world. During this period, some leading countries have imposed many economic and individual sanctions on Russia, its real and legal persons.”
He stressed that the sanctions are an effective leverage on the Kremlin, so systematic work in this direction should not stop.
Western sanctions: when the Russian economy hits bottom
According to Bloomberg experts, Western sanctions have disrupted trade chains. Some sectors, such as the automotive sector, were paralyzed. Consumer spending has stalled.
In November 2022, the Central Bank of the Russian Federation predicted a deterioration in the economy in the following quarters, recovery should not be expected until the second half of 2023. The situation will be complicated by a reduction in energy supplies to Europe. At the beginning of 2023, crude oil production in Russia will be reduced by about 20%.
Recall that on November 23, the European Parliament recognized Russia as a sponsor of terrorism. Members of the European Parliament consider it necessary to develop significant sanctions and create conditions for the international isolation of the aggressor.
same Focus He said that spending on the war in Ukraine will cause a huge deficit in the Russian state budget in the coming years. According to The Insider, the continued support of the military machine will lead to an almost complete depletion of the financial reserves accumulated by the Russian Federation in previous years.
Source: Focus
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