New anti-Russian U.S. sanctions break game rules for all economies

New anti-Russian U.S. sanctions break game rules for all economies

New U.S. restrictive measures against Russia, affecting gold circulation and industrial exports among other things, violate the existing rules of the game for all economies, Russian Ambassador to the U.S. Anatoly Antonov has said.

"Markets see that the U.S. government acts unpredictably, sowing chaos and panic," he said, answering to a media question about the new package of anti-Russian sanctions. "The new barriers that affect, among other things, gold and industrial exports, violate the existing rules of the game for all economies."

In his words, "the decision by the U.S. and its allies to severe economic ties with Russia pushed the existing crisis tendencies in the global economy to the limit." The Russian diplomat added that the U.S. was suffering from its own sanctions as well.

"The growth in consumer prices here was the highest over the past 40 years," he said.

The recent wave of West’s anti-Russian restrictions imposed over the special military operation in Ukraine has exacerbated the global food crisis, Antonov said.

"As to the food security, it was the wave of anti-Russian restrictions, imposed by the U.S.-led collective West, that spurred the global food crisis. Its root causes are incompetent macroeconomic steps taken by a number of developed nations, climate change and the COVID-19 pandemic," the embassy’s press service quoted the ambassador as saying.

According to the diplomat, the crisis can be solved "only through free access of grain and fertilizers, including Russian ones, to global markets," he said.

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