Record inflation in the United States over the past 40 years is associated with the sanctions imposed against Russia. This was announced on March 10 by American leader Joe Biden.
“Today’s inflation report reminds us that Americans’ budgets are being drained by rising prices <....>. A big contributor to inflation this month was rising gasoline and energy prices as markets reacted to aggressive moves [президента России Владимира] Putin,” the White House press service quoted the president as saying.
According to Biden, the costs that the United States will face in connection with anti-Russian sanctions will be much weaker than the consequences for the Russian Federation.
According to Reuters, in the US in February, prices for consumer goods rose sharply, the annual increase beat the maximum set in 40 years. Thus, consumer prices in the country rose by 7.9% in annual terms in February after rising by 7.5% a month earlier.
Earlier on Thursday, the American Automobile Association reported that gasoline prices in the United States had reached an all-time high for the third day in a row. So, on average in the country, a gallon (about 3.8 liters) of regular unleaded gasoline – which corresponds to AI-92 gasoline in the Russian Federation – now costs more than $4.31. This is the highest value ever recorded.
The rise in the price of gasoline USA takes place against the background of the introduction of a new package of anti-Russian sanctions after the start of the Russian operation in Ukraine. On March 8, Joe Biden imposed a ban on all gas and oil imports from Russia. According to him, the decision was supported by both the Democratic and Republican parties.
On March 9, US Energy Secretary Jennifer Granholm called on national oil producers to increase energy supplies to stabilize the situation on the oil market after the ban on oil supplies from Russia.
On the same day, the official representative of the Russian Foreign Ministry, Maria Zakharova, stressed that the Western sanctions against Russia dealt a blow to these countries themselves, the situation there would change dramatically. At the same time, Dmitry Birichevsky, director of the Department of Economic Cooperation of the Russian Foreign Ministry, warned that Moscow’s reaction to Western sanctions would be “prompt, thoughtful and sensitive.”
Western sanctions followed in response to the Russian-led operation to protect the Donbass, the beginning of which Putin announced on February 24. The situation in the region escalated significantly in mid-February due to shelling by the Ukrainian military. The authorities of the Donetsk and Lugansk People’s Republics announced the evacuation of residents to the Russian Federation, and also turned to Moscow for help. On February 21, Putin signed a decree recognizing the independence of the DPR and LPR and promised to support the republics.
For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.
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