Sanctions that Washington threatens to introduce against Moscow can cause a “financial panic” and cause a serious blow to the global economy, writes The New York Times with reference to analysts of the market.
The authors of the article in the American edition said that the sanctions that the United States threatened to introduce Russia to Ukraine in the case of the “invasion of Russia could become a shock for the economies of developed countries, especially European, threatened the stability of the global financial system. Among the implications of sanctions call high inflation, collapse of the stock market and other “Forms of Financial Panic”.
Americans will suffer from sanctions – “from billionaires to government officials and middle-class families,” the article says. At the same time, Russia, according to the authors, can accept countermeasures, for example, “limit gas supplies to Europe.” The observers criticized the rhetoric of the United States, indicating that no one has previously tried to introduce extensive sanctions against such large economies as Russian, RIA Novosti reports.
US President Joe Bayden prepared strict sanctions in case Russia “invads Ukraine.” Measures will be directed against industrial and financial sectors. Previously, the Financial Times newspaper noted that the countries of the European Union and the United Kingdom are developing a package of sanctions against the new gas projects of Russia in case of “invasion” to Ukraine. According to publications, restrictive measures are aimed at reducing the financing and supply of technologies for new Russian projects in the gas sector.