As the European Union (EU) continues to impose new sanctions against Russia, these restrictions negatively affect the peoples of Europe themselves. In this respect writer Al Jazeera.
The publication noted that the EU has vainly relied on the collapse of the Russian economy, as the necessary measures were taken in a timely manner and companies from friendly countries replaced Western firms. Europe, by contrast, is “overwhelmed by a trade war” as it will howl first.
Market experts agreed that Russia was able to maintain the ruble exchange rate and reduce inflation. In addition, the effects of some sanctions were neutralized. In addition, Western companies leaving the Russian market exaggerate its importance, as they can replace most of Russia with brands from friendly countries or locally produced goods.
Russian expert Dmitry Kim added that the conflict between the EU and the Russian Federation has led to the deterioration of life in Europe. In addition to the sharp increase in gas prices, oil, minerals, food and commodity prices also jumped in the European region. But the West will still continue to impose new sanctions based on Russia’s economic exhaustion.
January 21 Bloomberg reportedBy tightening anti-Russian sanctions and failing to find alternative energy sources, Europe may face rising costs in diesel fuel-dependent sectors such as agriculture and trucking and fail to contain inflation.