Former Russian president reveals ‘sweet consequences’ of EU sanctions — RT Russia & Former Soviet Union

Russia will have to live in a new reality for a ‘long, long time’, Dmitry Medvedev warns

The West is already feeling the “sweet consequencesof its sanctions against Russia, but these measures will remain in place “for a very, very long time” former Russian President Dmitry Medvedev said Thursday.

Since Russia’s military offensive in Ukraine began in late February, the US, EU, UK and many other countries have imposed tough restrictions on Moscow. Russia considers the measures “illicit” and “unjustified.”

Speaking at the United Russia party forum on entrepreneurship, Medvedev, who is currently deputy chairman of Russia’s Security Council, said that “the Western world is sinking with its own hands into a global crisis.

But, in fact, Europeans have felt all the sweet consequences of anti-Russian sanctions – inflation, hyperinflation, rising prices of fuel, housing, utilities, food, daily consumer goods, job cuts,” he said.

He admitted that Russia is also suffering because of the “stupidrestrictions but, according to him, the difference between it and the West is that Russia has “a lofty goal.

We must find a response to attempts to limit the development of our state”, explained Medvedev.

Russia must be prepared for the sanctions to remain in place for a long time, he added.

We understand that these sanctions…will be one of the systemic ways to fight for world leadership and to fight against the development of our state, and this will continue for a long, long time,” he pointed out.

As an example of long-standing restrictions, he pointed to the infamous Jackson-Vanik Amendment of 1974 – a provision of US federal law restricting the country’s trade with non-market economies – which survived for four decades and was lifted. in 2012, to be replaced by a new round of sanctions.

One can imagine the degree of frenzy, rigidity and consistency with which these restrictions will be applied.“, said Medvedev, adding that Russia will have to live in such conditions”for a very, very long time, regardless of the administration in power in the United States of America, regardless of the European decisions.”

According to Medvedev, the sanctions represent a much more difficult challenge than the pandemic. He explained that while the whole world was fighting Covid “there weren’t such obvious ideological differences”.

And what happens now is a whole different story,” he pointed out.

The former president’s remarks came after current Russian leader Vladimir Putin warned that the “the obsession with sanctions” of the West would inevitably lead to “insurmountable consequences” both for the EU and for the world’s poorest states “who are already facing the risk of famine”.

Over the past three months, Russia has experienced unprecedented economic restrictions. The United States has, among other measures, imposed an embargo on Russian oil, one of the country’s main export products, while the EU is currently preparing its sixth sanctions package and also considering an oil ban. Russia has been cut off from the SWIFT interbank messaging system, while banks, organizations and individuals have been sanctioned and assets – including half of the country’s foreign exchange reserves – have been frozen. Russia responded with countermeasures.

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