Russia’s Response Indicates that the Middle East Tension will Increase Further, the Crisis on the World Economy is Deepening

Kathmandu: With Russia’s strong response to the various sanctions imposed by the Western countries and the European Union, the danger of the Middle East tension deepening and the world economic crisis worsening has increased. The Kremlin has responded that Western sanctions will not affect them for another 5-10 years and that the Russian economy has fully adapted to Western sanctions.

He also said that he has no fear of possible sanctions. According to the news published by the international news organizations, the officials of the European Union recently suggested to Russia that there will be a long-term ban.

In response to that, Russia responded that no matter how many sanctions it imposes, there will be no impact on its economic system. So far, 11 sanctions have been imposed on Russia as a package. Kremlin spokesman Dmitry Peskov said, “Russia has been under sanctions for decades. Which we have extended the capacity to bear. For this reason, we are not afraid of a ban of 5-10 years.

On February 25, 2022, the day after Russia’s attack to fully control Ukraine, the European Union announced sanctions and warned that it would face serious consequences of war. Some watchdog organizations have argued that the strategy was to tighten sanctions because they failed to stop the war against Ukraine.

According to a report by the Norwegian risk consulting company Korisk, in a customs analysis of 12 European countries, the embargo was worth about 8 billion euros. However, Russia has argued that due to Western sanctions, the domestic economy has strengthened and industrial production has increased. On the other hand, the attacks of the rebels in Israel in the Middle East are continuing.

The attack by Hamas has caused a huge loss of life. This reaction of Russia has started to speculate that the Middle East tension will gain more strength and its impact on the world economy. – agency.