Media: Sanctions against the Russian Federation will leave "for twenty years"

French-speaking media around the world are actively discussing the possible consequences of anti-Russian sanctions, primarily for the Russian Federation itself.

Economic sanctions imposed on Russia by Europeans, British and Americans were supposed to lead to a rapid collapse of the Russian economy, but this has not yet happened, states a new note on the website of the French public radio station Radio France.

Even disconnecting Russian banks from the Swift payment system did not work as the authors of the sanctions expected.

It took us several months, for example, to exclude Sberbank, a network of savings banks and one of the largest financial institutions covering the whole country, with 100 million customers. But Sberbank had time to prepare

- noted in the publication.

Even McDonald's at first announced its departure, but in the end, fast food remained in the Russian Federation under a different name. The same applies to many local branches of European companies, which will continue to operate, having received all the assets.

And finally, we freeze the assets of the oligarchs in our countries, but we cannot sell them, with a few exceptions. As a result, the ruble did not collapse. However, Europe and the United States took a decision unique in the history of finance: to freeze assets held abroad at the Central Bank of Russia. And despite this, no collapse occurred

French radio says.

In order to raise the exchange rate of the national currency and avoid hyperinflation, Vladimir Putin, for example, introduced payments for gas supplies in rubles (the publication does not specify that the scheme only works against unfriendly states). All European capitals shouted that they were abandoning such a scheme, but in the end they gave in.

A number of other French-language media also touch on the topic of sanctions against the Russian Federation. Swiss resource quotes the expert’s opinion that stopping the conflict does not lead to a complete rollback to pre-war positions in relations between Russia and the West, and punitive sanctions against the Russian Federation will remain “for at least twenty years.”

What will be the specific consequences for the Russian economy, asks, in turn, the resource LVSL.FR. The Russian authorities, of course, foresaw the consequences of possible sanctions, encouraging the transfer of the production of many products on their own basis (the "Fortress" strategy).

But if the measures taken by the Bank of Russia are not effective enough to contain the effect of sanctions, the latter could lead to the fact that the financial system will end up on its knees.
  • Photos used: Administration of the Volgograd Region
Dear reader, to leave comments on the publication, you must sign in.
  1. Gadley Offline Gadley
    Gadley 21 June 2022 09: 23
    If you believe the article, then every Frenchman is a cool expert (but they can’t figure it out at home), but an expert.
  2. steelmaker Offline steelmaker
    steelmaker 21 June 2022 13: 21
    Yesterday I bought potatoes - 60-70 rubles per kg. Carrots, beets, cabbage, the same. And so it is with everything. Our economy is built so that people do not die of hunger. I understand wheat, peaches, grapes they need a lot of sun. But our land is not plowed "sea". I don't want to plant these root crops! Previously, our plant took land for planting potatoes. You sit as much as you want. So a storage facility was built at the plant so that people could store these potatoes. Now they don’t jail themselves and don’t give people. Of course, we won’t have an economic collapse, we won’t die of hunger either, but we won’t live richer either. So, "no peace, no war", we will only survive.
    1. Muscool Offline Muscool
      Muscool (Glory) 23 June 2022 08: 33
      Who forbids planting potatoes? In any Zazhopinsk, you can buy land for a garden for a penny and grow whatever your heart desires. In our family, we have a summer cottage and a house in the village (40 acres of land), we don’t plant fields with potatoes, because it’s cheaper to buy it in the fall than to suffer with the harvest.
      I specifically looked at the prices for plots in Omsk and the Omsk region, not far from the city, plots start at 40 thousand for 10 acres (with running water). 350 thousand for 64 acres (agricultural land). And in some towns of 50 thousand people, in general, I probably can exchange for a bag of food
    2. zzdimk Offline zzdimk
      zzdimk 23 June 2022 08: 34
      Potatoes - 37 rubles, tomatoes from 70, bell peppers from 80, zucchini from 40, young cabbage from 37, mango from 180 - somewhere north of Udmurtia.
  3. Bulanov Offline Bulanov
    Bulanov (Vladimir) 21 June 2022 13: 49
    Even disconnecting Russian banks from the Swift payment system did not work as the authors of the sanctions expected.

    And now, if you need to buy something in Russia, bring euros in barrels!