The Russian economy is in a dire state due to Western sanctions, and these restrictions play a crucial role in pressuring Moscow. The EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, stated in an interview with Euractiv that the power of sanctions should not be underestimated, as:
Source: Censor.NET
🔹 Russia is facing serious economic difficulties: its national fund is nearly depleted, and the National Bank’s interest rate exceeds 20%, which is worse than in Haiti.
🔹 Russia cannot attract capital due to sanctions and is no longer receiving the profits from oil and gas that it once did.
🔹 Russia’s labor market is also in critical condition.
Kallas emphasized that Russian propaganda is trying to create the illusion of economic stability, but reality shows the opposite. The West should not succumb to Russia’s attempts to lift sanctions, as they are causing significant damage to the Russian economy and are a strong tool of pressure.
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