Time for Peace: Russian Resilience Versus Euro-American Condemnation with Third World Economy Hostage of Recession
Time for Peace: Russian Resilience Versus Euro-American Condemnation with Third World Economy Hostage of Recession
Limits of Sanctions against Russia - Domino Effects and Waves Storming the European Union, United States and the World Economy
THE MECHANICS OF WESTERN SANCTIONS AGAINST RUSSIA
At the financial level, it's the return of the Boomerang
At the commercial level, it's the return of the crank
At the economic level, it is the rupture of the Clutch Disc
At the political level, it is the Transmission belt
At the social level, it's a dry breakdown
Collected Published Works by Said El Mansour Cherkaoui on the Sanctions implemented by the Western Nations against Russia:
Time for Peace: Russia Defiance and Western Europe Precipitation to Precipice. Russian Resilience Versus Euro-American Condemnation: Third World Economy Hostage of Recession
A few months ago, European leaders wanted to believe that the "total economic and financial war" launched against Moscow would be a walk in the park (...).
Six months after the first salvo of Western sanctions, the Russian economy takes a hit, but the collapse has not taken place.
The IMF predicted a recession of 8.5% in March. The World Bank is now talking about a 4% drop in GDP. At this rate, the country's wealth is far from being "halved", as announced on March 26, 2022 in Warsaw, [Poland] U.S. President Joseph Biden in front of an audience of Poles.
While the European Union faces double-digit inflation, driven by stratospheric energy prices.
At the end of September 2022, France released the equivalent of the national education budget to finance measures to support purchasing power;
Germany has tripled this stake with a plan to safeguard its industry of 200 billion euros.
This is the paradox of “this new art of governing the economy, capable of inflicting damage, which rivals military power”, which Mr. Biden praised in March in Warsaw.
By applying it to Russia, the world's second largest oil exporter and one of the main suppliers of essential products, such as fertilizers and wheat, Washington and its allies have placed a tourniquet on the world's blood circulation. But “the more generalized integration of markets has widened the channels through which the shocks caused by these sanctions are passed on to the world economy (…), explains an IMF study.
Unsurprisingly, it is precisely the [emerging, net commodity-importing] countries that have not joined the sanctions against Russia. Because they are the most exposed to the risk of a crisis in their balance of payments, if Russian exports remain under pressure for an extended period. As a result, the ways around the restrictions, via countries not aligned with Washington, are multiplying, making the objective of hermetically isolating Russia illusory.
For once, the far-right ex-Brazilian president Jair Bolsonaro acted as the people's advocate at the beginning of October (/...).
During a meeting with his Russian counterpart (already taken as a provocation by Paris), Senegalese President Macky Sall called on Westerners to exclude the food sector from the scope of their sanctions, judging that they create "serious threats to the food security of the continent", echoing the UN which warns of a "possible hurricane of famines".
Nearly twenty million Afghans have faced acute food insecurity since the US withdrawal, according to the FAO.
Sanctions may not have saved many Ukrainian lives, but they are already killing people elsewhere.
Hélène Richard in lemondediplomatique.fr - Through Cristina Semblano
Original Text Edited and Translated from French to English Language by
12/1/2022 - Contact: cherkaouijournal@gmail.com & saidcherkaoui@triconsultingkyoto.com