American experts – about Putin's speech at the St. Petersburg International Economic Forum in 2022: the effect on Western economies from sanctions will be distributed in different sectors, and in Russia it will be very focused and focused.
According to the Russian president, the sanctions blitzkrieg failed . For their part, American analysts believe that long-term The negative effect of sanctions on Russia's economy is obvious, according to Voice of America.
International Economic Forum, which took place from 15 to 18 June. “It didn't work out.”
According to Western experts, the real economic situation in Russia is different. Sanctions have a huge impact on Russia and its GDP, said William Courtney, a RAND expert and former US ambassador to Georgia and Kazakhstan.
“When Putin says that the West is trying to destroy the Russian economy, he is sending a signal to the Russians that their standard of living will deteriorate, and we have been seeing this since 2014, when sanctions began … The Western economy is much bigger than Russia's. The effect of sanctions on Western economies will be spread across different sectors, and in Russia it will be very targeted and focused. “
Jonas Schende, an economist at the New York Institute for Fiscal Policy, believes that even if tangible results have not yet been achieved, it is only a matter of time.
there is no pressure on the Russian economy and that this will not have a negative effect in the long run. Russia's economy is cut off from the Western world and will gradually lose its vitality, “Shaende said.
“We see in the West the only firm position on Russian aggression in Ukraine. At one point, Putin said that Europeans simply follow the instructions of their master, the United States. But in reality, for Europeans, what is happening in Ukraine is an attack on European values - they are more proactive in many respects when it comes to Russia's opposition. Putin's rhetoric may have an effect on Russian audiences. But clearly not to the West, “said William Courtney.
Read also: Western sanctions have not yet caused Russia enough economic damage – The Wall Street Journal Vladimir Putin considered Russian aggression in Ukraine a punishment for rebellion. He made it clear that Russia intends to expand economic cooperation with all countries that will be ready for this.
Officials and businessmen of most Western countries held the event, which took place from 15 to 18 June in St. Petersburg , ignored. However, there is no need to talk about Russia's international isolation: the SPIEF was attended by representatives of the Taliban movement, which the Russian authorities officially consider terrorist.
