Home » Putin Condemns Western Sanctions, IMF Warns Russia-Ukraine Situation Seriously Affects Global Economy

Putin Condemns Western Sanctions, IMF Warns Russia-Ukraine Situation Seriously Affects Global Economy

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Putin Condemns Western Sanctions, IMF Warns Russia-Ukraine Situation Seriously Affects Global Economy

“The Russian-Ukrainian conflict is driving up world energy and food prices, and the conflict and related sanctions will have a serious impact on the global economy.”

Russian President Vladimir Putin said on the 5th that sanctions imposed by the West on Russia are “no different from war”. The International Monetary Fund (IMF) warned on the same day that the conflict between Russia and Ukraine would have a “serious impact” on the global economy.

Putin condemned Western sanctions on Russia on the 5th, saying in a video conference: “These sanctions that are being implemented are almost a declaration of war.”

On the same day, Russian Presidential Press Secretary Dmitry Peskov answered questions from media reporters about Russia’s sanctions. He said that many European countries, the United States, Canada, Japan and other countries have imposed restrictions on Russia, but this does not mean that Russia is isolated.

“The world is too big for Europe and the US to isolate any country, let alone a big country like Russia. “He said.

Peskov said many other countries had “more balanced” foreign policies and had “been more sensible in (responding to) the dynamics of international relations”, while EU and NATO countries turned a deaf ear to many obvious things.

Since Russia launched a special military operation in Ukraine on February 24, many Western countries have successively announced sanctions against Russia, involving trade, finance, energy, shipping and many other fields.

The International Monetary Fund warned in a statement on the 5th,The Russian-Ukrainian conflict is driving up world energy and food prices, and the conflict and related sanctions will have a serious impact on the global economy.

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Affected by the conflict between Russia and Ukraine, the market’s concerns about the obstruction of Russia’s oil exports have intensified, and international crude oil futures prices have risen sharply recently.

As of the close on the 4th, light sweet crude oil futures for April delivery on the New York Mercantile Exchange rose $8.01 to close at $115.68 a barrel, an increase of 7.44%, the highest since September 2008.

This article comes from CCTV news, the original title is “Putin condemns Western sanctions against IMF and warns Russia and Ukraine that the situation will seriously affect the global economy”

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