It has been four months since Russia invaded Ukraine, but Western sanctions against Russia are not working as expected.
Rather, it seems that the West is caught up in price hikes, etc., and experts believe that sanctions will be effective from the second half of the year.
Kim Hyung-geun is on the sidewalk.
The Russian ruble is currently strong enough to hit a seven-year high.
This year’s current account is also expected to record a surplus of $145 billion.
Because oil and gas prices are skyrocketing and they are making huge amounts of money.
The Western strategy of cutting off Russia’s money chain with strong sanctions is not working.
[블라디미르 푸틴 / 러시아 대통령 : 러시아에 대한 제재가 실패했다고 자신 있게 말할 수 있습니다. 경제 제재 전략은 효과가 없는 것으로 판명됐습니다.]
Western countries, on the other hand, are facing the aftermath of the worst inflation and economic slowdown.
The situation in Ukraine is also not good.
The Ukrainian forces are on the defensive in the eastern Donbass as the Russian forces are on the offensive.
Given the favorable war situation, Putin is unlikely to enter into peace negotiations easily.
For this reason, some even argue that economic sanctions are useless.
However, US officials stress that the economic shock to Russia should not be underestimated.
Disposable income is declining due to inflation, and the poverty rate is rising.
With the withdrawal of foreign companies, the unemployment rate is also rising.
[토니 블링컨 / 미국 국무장관 : 러시아 채권이 휴짓조각 수준으로 격하됐습니다. 올해 러시아의 성장은 -10∼-15% 사이가 될 것으로 예상됩니다. 이 모든 게 누적된 영향을 미칩니다.]
Experts believe that the Russian economy will eventually falter over time.
The Wall Street Journal reported that sanctions are expected to take effect from the second half of the year.
This is YTN Kim Hyung-geun.
YTN Kim Hyung-geun ([email protected])
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