Dmitry Medvedev, Deputy Chairman of the Security Council of the Russian Federation, said that Russia’s default could turn into a moral and material default in Europe.
Thus, Medvedev reacted to the words of the head of the European Commission (EC), Ursula von der Leyen, who called the country’s economic problems a matter of time.
According to the Deputy Chairman of the Security Council of Russia, Europe does not have a very stable financial system, in addition, the EU countries, the politician said, are losing confidence in their leaders.
Against this background, Europeans will “thank” the authorities for hyperinflation, “which you can no longer blame on the evil Russians”, for the lack of basic products in stores and for the influx of refugees, which will provoke a wave of violent crime, he wrote.
“The default of Russia may turn into a default of Europe. Both moral and, quite likely, material,” the deputy head of the Security Council warned.
Earlier, on April 17, Ursula von der Leyen said that a default in Russia is a matter of time. According to her, sanctions are eating deeper into the Russian economy. She is sure: “hundreds of large companies and thousands of experts left the country, GDP in Russia, according to current forecasts, will decrease by 11%.”
On April 13, Russian President Vladimir Putin announced that the refusal of a number of Western states from normal cooperation with Russia, as well as from part of Russian energy resources, had already hit Europe and the United States. Prices are rising in these countries, inflation is going through the roof, which has become unprecedented.
On April 12, financial analyst Nikolai Podlevsky said that many countries could be on the verge of default due to the global crisis, and for some it is almost inevitable. According to the economist, European countries will inevitably face financial difficulties. First of all, this will happen in connection with the issue of energy exports, which is largely tied to Russia.
The UK is reportedly close to an unprecedented economic crisis, with residents facing not only rising prices but also falling real incomes. Thus, the rise in prices affected raw materials and goods, as well as fuel and energy carriers. According to the journalist, the rise in price is observed in almost all categories of goods coming to store shelves from fields and factories. Inflation in the UK in March rose to a record high since 1992 (then this figure was 7.1%). As economists predicted, Britons’ income for the year will fall by 3% compared to last year as a result of higher electricity tariffs, record fuel prices and rising inflation.
In Germany, inflation rose to 7.3% in March, the highest since the reunification of the FRG and the GDR in 1990. In the US, consumer prices rose 8.5% by the end of March, the highest inflation rate since 1981.
New sanctions against Russia were imposed by Western countries after Russian President Vladimir Putin announced on February 24 the launch of an operation to protect civilians in the Donbass. As Kremlin spokesman Dmitry Peskov clarified at the time, the special operation has two goals – the demilitarization and denazification of Ukraine.
According to him, both of these aspects pose a threat to the Russian state and people. The Russian side also emphasized that it does not hatch plans for the occupation of Ukraine, and strikes are carried out only on the military infrastructure of the Armed Forces of Ukraine.
For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.
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