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Sanctions on Russia have created an unprecedented crisis

Sanctions on Russia have created an unprecedented crisis

Russian President Vladimir Putin has said that the decision by European and American politicians to impose new sanctions on Russia has led to an unprecedented crisis in the West.

Putin said during a government meeting on the development of the Arctic region on Wednesday that Western countries’ denial of normal cooperation with Russia had affected millions of Europeans and was reflected in the United States, and rising prices and rising inflation. Limitations, which are unprecedented.

Inflation continues to rise in the United States and Europe, setting a new record almost every month. 8.5%, up from 7.9% in February.

Today, data from the United Kingdom shows that annual inflation rose to 7% from 6.2% last month, setting a new record for the highest level since 1992.

Rising inflation, especially in light of rising food and fuel prices, has intensified since Western sanctions were imposed on Russia after it began its military operation in Ukraine.

It is noteworthy that global food prices have started rising since the beginning of 2021 as a result of the reckless policy pursued by the Western central banks in recent years. Within Western economies, this has triggered inflation.

Inflation has recently worsened as Western nations, including the European Union and the United States, have imposed unprecedented sanctions on Russia, the world’s leading producer of energy resources and food exports.

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