Russia watching for brand spanking new Western sanctions, says they might hit world economic system

MOSCOW, April 21 (Reuters) – The Kremlin stated on Friday it was monitoring stories of a attainable ban on exports to Russia by Western international locations, and that new sanctions would injury the worldwide economic system.

“We’re fastidiously monitoring this, we’re conscious that each the U.S. and the EU are actively contemplating new sanctions,” Kremlin spokesman Dmitry Peskov instructed reporters.

“We consider that each the present sanctions in opposition to the Russian Federation and the brand new extra steps that the US and the EU could also be fascinated by now will, in fact, additionally hit the worldwide economic system. Subsequently, this may increasingly result in a rise within the development in the direction of a worldwide financial disaster.”

Japan’s Kyodo information company reported that the Group of Seven (G7) international locations are contemplating a near-total ban on exports to Russia, citing Japanese authorities sources.

Bloomberg Information stated on Thursday the USA and Ukraine’s allies had been contemplating “an outright ban on most exports to Russia”. That report stated officers from G7 nations had been discussing the concept earlier than a summit assembly in Japan subsequent month.

Russia has been hit by successive waves of Western sanctions because it invaded Ukraine in February 2022.

“We should not overlook that no nation on this planet has confronted such a quantity of sanctions as we now have. Subsequently, we’re adapting, growing, making long-term plans, but in addition taking into consideration the hazards that lie behind the ideas of our opponents,” Peskov stated.

Reporting by Reuters

Our Requirements: The Thomson Reuters Belief Ideas.

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