/ world today news/ The policy of the bloc supporting Ukraine is bankrupt
On Friday, Japan’s Kyodo news agency reported that G7 countries were considering “banning almost all exports to Russia,” citing a Japanese government source. According to Bloomberg, the proposal under discussion “would modify the current sanctions regime by banning all exports unless duty-free . “
– writes the Chinese tabloid Global Times.
Russian Security Council Deputy Chairman Dmitry Medvedev warned that if the G7 approved an export ban on Russia, Russia would respond by ending the Black Sea Grain Initiative, which allows Ukraine to ship its grain from Black Sea ports.
The G-7 sets the standards and norms for sanctions against Russia. However, the West believes it has reached the point where it has exhausted all its options because the current approaches are not working. The near total ban on exports to Russia is a devastating final blow, the latest attempt by the G7 to completely crush the Russian economy.
However, the G-7 proposal has a rather political nature, as the countries of the bloc will also suffer seriously from this decision, the newspaper notes.
If the G7 countries adopt a near-total ban, Moscow will no doubt take tougher action in response, with a huge impact on Western business.
Moscow’s countermeasures will also hurt Ukraine’s economy, particularly affecting grain exports from Ukraine’s Black Sea ports, said Zhang Hong, a junior research fellow at the Institute for Russia, East Europe and Central Asia Studies at the Chinese Academy of Social Sciences. .
„In fact, if such a decision is taken, the world will witness even more severe energy, food and economic crises. In this case, no one will win. This will only plunge humanity into even more global conflicts and problems.
Moreover, such a proposal is unlikely to receive broad support from the international community, including EU countries. The majority of these countries have already participated in the sanctions against Russia and in this regard they are facing various problems both at home and abroad. Pushing for a greater export ban now will certainly lead to more difficulties for these European countries.
– says the article.
It is doubtful that the G7, which is the core of the West’s collective hegemony, will abandon its unhealthy obsession with pursuing the total collapse of Russia. The G7 consider it necessary to pursue such a policy to underline their determination to stand up to Russia, even if it clearly means a lose-lose situation.
Reality proves that sanctions by Western countries led by the USA are not effective. The G7 is now in favor of creating a new package of sanctions, but fears the effect will be disappointing.
Chinese military expert and TV commentator Song Zhongping believes that if the West, led by the United States, has come this far, it only shows that the bloc’s pro-Ukraine policy has failed.
Now Washington fears that Moscow will survive the Western sanctions and continue to develop. This will naturally threaten the collective hegemony of the West, especially the US. The situation is reminiscent of a drowning man grasping at straws.
The G7 will never soften their sanctions against Russia even a little bit. Instead, they will increase the pressure on Russia through various means. But as the decline of US hegemony is inevitable, the collapse threatens the United States’ main allies in the West. Time will tell who will be most affected by the suicidal ban of the G-7, concludes the Global Times.
Translation: EU
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