Economic sanctions that the United States plans to impose against Russia in the event of an “invasion” of Ukraine may threaten the stability of the global financial system. This opinion was expressed by analysts of The New York Times.
The publication’s experts noted that no state had previously tried to impose such extensive sanctions restrictions on such a powerful economy as the Russian one. According to analysts, restrictions against the Russian Federation can be a huge shock for the economies of developed countries, especially for European countries.
“The extremely harsh sanctions that US officials are threatening to impose on Russia could cause high inflation, stock market crashes and other forms of financial panic. They will harm Americans themselves, from billionaires to government officials to middle-class families”.
According to American experts, Russian countermeasures can significantly exacerbate the consequences of sanctions for European countries. As an example, the newspaper’s analysts cited “restrictions on gas supplies to Europe” that will lead to a deep energy crisis. As previously reported, blue fuel stocks in underground gas storage facilities in Europe fell by 40% below the total.
White House National Security Council staffer Peter Harrell said US sanctions against Moscow could focus on reducing Russia’s industrial potential and manufacturing capacity.