MOSCOW (Realist English). Deputy Chairman of the Russian Security Council Dmitry Medvedev said that the so-called “infernal” anti-Russian sanctions are returning to the West like a boomerang.
“Just a few weeks after the introduction of the “infernal” sanctions against Russia, it was expected that they were returning to the West like a boomerang. Global inflation is increasing. It seems that in Europe a recession begins, which could spread to the whole world. Fuel prices are growing at cosmic speeds. It becomes clear that not all states will successfully cope with such a decline, despite the hysterical statements of the national leaders of Western countries, splashing in all directions saliva boiling from indignation. It becomes especially clear if we recall that the consequences of previous economic crises were primarily felt in ordinary households. Today, in the West, not everyone is convinced by the idea that “solidarity in the struggle for the just cause” is more important than personal well-being. Not only experts and the media speak about this, but also the people themselves. They spontaneously take to the streets in protest or appeal directly to their superiors,” he wrote in his telegram channel.
Medvedev stressed that the world is gradually moving towards a new logic of world economic relations and an updated financial system:
“It will definitely not remain the same — its former guarantors, the pillars of the obsolete Bretton Woods Agreement, have compromised themselves too much. And they have badly tarnished their reputation. One cannot trust those who seize the accounts of other states, steal other people’s business assets and personal property, thus, sacrificing the principles of absolute protection of the “sacred right to private property”.
The world is waking up, and confidence in reserve currencies is melting like a morning fog. Abandoning the dollar and the euro as the world’s main reserves does not look like an overly fantastic prospect. What kind of reserves are these if their obligations are frozen and actually put into default by the will of crazy politicians who are ready to bring their taxpayers’ money to the altar of an unknown victory in the war “to the last Ukrainian”? Who needs them in this case? They don’t even want to take them to pay for fuel supply contracts. The era of regional currencies is coming.”
He is convinced that no matter how badly anyone would want, they will have to negotiate a new financial world order. “And then the decisive word will be pronounced by those countries that have a strong and advanced economy, healthy public finances, and a reliable monetary system. And by no means by those who endlessly increase their national debt, release new, and still new, pieces of paper into circulation, fictitious obligations, for which the decrepit authorities can refuse to pay at any moment,” the deputy chairman of the Security Council of Russia stressed.
In his opinion, the sanctions are not achieving the results that “Western politicians managed to shout out with their voices weakening from the strain”.:
“The blocking of our banks has not brought substantial results. And its goal, let’s say it very clearly, is to hit ordinary Russian citizens inflicting more pain. Our citizens have retained access to the Russian payment system and are using it. The ban on the export of Russian energy resources has hit so far only ordinary Western consumers — car owners, residents of houses with gas heating and others.”
The Deputy Head of the Security Council also spoke about the real difficulties that Russia has to deal with. “…it is not possible to limit Russia globally. We were ready for these quite predictable attacks. This is a shame for our “friends” in Europe and overseas. … Therefore, the collapse is only in the dimming heads of those who wanted so much to see all this in the chronicle of the day. Nothing more. After all, Biden recently admitted that sanctions will not stop anyone, but it is important that the pain persists,” he added.
The harsh sanctions of the Western countries against Russia are unacceptable. This was stated by Chinese Foreign Minister Wang Yi during video conversations with the EU High Representative for Foreign Affairs and Security Policy Josep Borrel.