Western Sanctions Trigger Unprecedented Economic Fallout as Russia Reacts - Russian Pundit talks on Ednews

Interviews 18:33 23.02.2024

Western nations have imposed a new package of sanctions on Russia, leading to the freezing of the country's assets in European banks, which have now been officially redirected to Ukraine. The decision, made during discussions in the European Union, has sparked warnings from official Moscow, predicting severe consequences for the West.

The question arises: Do Europe and the US truly require Russian funds to bolster Ukraine's support?

Russian political scientist Vitaly Arkov strongly opposed the measures, accusing the West of outright theft under the guise of aiding Kyiv on Ednews. According to Arkov, the funds, though officially allocated to Kiev, remain within the jurisdiction of the European Union, effectively diverting Russia's financial resources towards European military-technical defense industrial complexes.

Arkov argued, "These measures taken against Russia are completely illegal. This is simply theft, and helping Ukraine is an excuse. Most of the remittances are sent back to the West, benefiting behind-the-scenes politicians informally."

A foreign political scientist, anticipating Russia's response, stated that Moscow would use this situation to its economic advantage by harshly reacting to the sanctions and frozen bank funds. The expert noted that Moscow could potentially nationalize European companies operating in Russia, confiscating their funds in retaliation.

The foreign political scientist warned, "These illegal steps of the West will be remembered in history as a practical error. It will come back to them as a bigger loss. It is necessary to look at the issue not only from the perspective of Russia but its allies."

Moreover, the expert suggested that countries such as Iran, Brazil, China, and India might consider imposing sanctions on the West in response to what they perceive as an act of theft. The expert cautioned that European countries are opening a Pandora's box, and their economy may not be ready to handle the repercussions.

As tensions escalate, the international community watches closely, anticipating the unfolding economic and geopolitical consequences of these unprecedented sanctions and their impact on global relations.

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