Sanctions are already hurting the Russians, but Vladimir Putin is tough as if nothing had happened


It is also becoming increasingly clear that this is just the beginning.

On their own skin, the Russians have felt the effects of the harsh sanctions imposed on their country in recent weeks to attack Ukraine. In shops, the price of basic foodstuffs rose sharply, and some products, such as sugar, ran a reminiscent of Soviet times. The multis withdrew with their crowds, making the fate of their former employees uncertain. According to Moscow Mayor Sergei Sobyanin, the work of 200,000 people in the capital alone has been put at risk. It is also becoming increasingly clear that this is just the beginning.

Governor Elvira Nabiullina has recently warned that punitive measures could be even more painful over time. The economist, who was not allowed to leave his post after the outbreak of the war in Ukraine, spoke in the Russian state duma about problems not yet seen today. Trade restrictions imposed by the West are causing unprecedented logistical difficulties for Russia. He reminded MPs that almost all products in the modern world use imported parts to manufacture and it takes time to switch to domestic or other foreign sources. Like you said

Russia’s outlook for this year is also bleak, according to the latest forecast from the International Monetary Fund (IMF). Inflation is projected to rise above 20 per cent, the economy to shrink by 8.5 per cent, but there is an estimate of a 15 per cent decline in GDP, and these predictions do not even take into account the effects of any future punitive measures.

Nevertheless, Russian President Vladimir Putin was proud that the sanctions had failed and even returned, and the citizens of the United States and the European Union were really drinking their juices. It is indisputable that the restrictions also have negative effects on the West, coupled with the uncertainty caused by the war in Ukraine, which has pushed up the prices of food, fuel and energy, among other things. However, the long-standing rise in prices in Western countries lags far behind Russian inflation, which reached 16.7 percent in March. Another question is who is experiencing difficulties. Putin can be confident that the inhabitants of prosperous democratic nations are less willing to sacrifice for the freedom of the Ukrainians, while the Russian population, trained in needy Soviet times, has a higher tolerance. There are indications that the Russian head of state’s calculation may come in: according to a survey published by the British The Sunday Telegraph over the weekend, the proportion of those in the public who are willing to accept higher petrol prices as a result of harsh sanctions against Russia has fallen.


Source: Népszava by nepszava.hu.

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