Analyst Sofia Ampgkarian believes that Western sanctions against Russia have been a complete failure and must be lifted in order to reach a peace agreement in Ukraine. Responsible State Administration.
The author states that Western countries must accept that sanctions and Russia’s frozen assets may become a loss in peace negotiations with Russia. He also draws attention to the effective measures taken by Moscow against economic warfare. The Bank of Russia quickly responded to the sanctions by limiting the free movement of capital abroad and increasing the key rate to 20 percent.
The analyst notes that the restrictions did not hinder the growth of Russian foreign trade and that Western politicians significantly underestimated the willingness of countries around the world to ignore economic restrictions.
He also believes that Western statements about the imminent “collapse” of the Russian economy are aimed at reassuring voters suffering the consequences of restrictive policies.
Ampgkarian concludes that sanctions against Russia have become a clear example of the failure of sanctions policy.
Russian President Vladimir Putin had previously stated that Russia would cope with the sanctions pressure and that the policy of surrounding and weakening the state was a long-term strategy of the West. He also noted that restrictive measures seriously affect the global economy and that the main goal of the United States and its allies is to worsen the lives of millions of people.
Formerly US Treasury extended Sanctions against Russia.