The West has fired its last bullet at the Russian Federation by blocking Central Bank assets so it is no longer a useful move. The West will now be much more inclined to sit at the negotiating table than a few days ago. This is what Assoc. Prof. Grigor Sariyski commented on the air of Nova News.
Markets and the international investment community await an end to the war. The fact that we cannot move to a normal economic life means that the crises that began in 2008 have not subsided, he said.
It is layering crisis upon crisis. In my opinion, it was not by chance that the moment when Putin launched his attack was chosen – with the idea that the West has nothing to answer to him, said the associate professor.
Russia cannot be totally excluded from the swift system, because that means Europe is shooting itself. If the faucet stops only once on one side or the other, it means that Europe remains in the dark for literally days. So this is an apocalyptic scenario, he added.
The increase in prices in Bulgaria will continue, Sariyski and Rumen Galabinov also predicted. “The rise in the price of raw materials is hitting the production of fertilizers. This means worse harvests, shortages of goods and rising prices, “Sariiski explained.
Against this background, trends in international markets suggest that expectations are for a speedy resolution of the conflict in Ukraine.
“The momentum of appreciation is slowing down. The expectations are that the disputing parties will sit at the negotiating table and the conflict will end, “Galabinov added.
According to Sariyski, more severe sanctions on Russia would have consequences in Europe. “Tighter sanctions would mean running out of electricity and gas. “Russia can endure some time with these sanctions, but Europe will not succeed,” said the economist.
Rumen Galabinov pointed out that sources of liquefied gas could be an alternative. “It is unclear whether they will be able to meet Europe’s needs, as liquefied natural gas has always been used as a complement,” he explained.
Economists believe that the end of hostilities will have a positive impact on international markets.
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