The American president announced on Friday March 11 the suspension of commercial relations with Moscow, decided with the G7. For Russian Foreign Minister Sergey Lavrov, Russia will come out stronger from the ordeal.
The economic sanctions decided by Western countries against Russia are intensifying but the country will recover “completely” and without anyone’s help, challenges Russian Foreign Minister Sergei Lavrov. Thursday evening, after his meeting with his Ukrainian counterpart in Turkey, the Russian minister explained to CNBC : “Our economic problems, we will solve them”, recalling that Russia had crossed “further periods of isolation and unrest” in its history.
Russia, “on your knees” economically because of the sanctions, is “increasingly isolated by major nations seeking to oppose President Vladimir Putin’s invasion of Ukraine”, explains the American economic media. But Sergei Lavrov “tells CNBC that Russia can manage its economy on its own”minimizes the effect of the sanctions by claiming that his country “will emerge from the crisis with an ‘impeccable health record’”. And adds:
We will no longer have the slightest illusion that the West can be a reliable partner. We will do everything to never, in any way, be dependent on the West”.
“It’s not clear how Russia can run its economy independently in the future”, notes the economic media. Since the first salvo of sanctions following the invasion of Ukraine, the ruble “keeps tumbling down”while “trading on the Moscow Stock Exchange remains mostly suspended”.
Seafood, vodka and Russian diamonds
And Western pressure is increasing. On Friday, March 11, the main countries allied against Russia decided to exclude Russia from the normal reciprocity regime governing world trade. US President Joe Biden has said the United States will “ban imports of seafood, vodka and Russian diamonds”
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