As has been known, the U.S. and the West, since the outbreak of the Ukrainian crisis, have taken more than 2,800 sanction measures to isolate and stifle Russia, both politically and economically. Just to name a few, they have included President Putin and other high officials in the sanction list and removed Russia from the membership of Society for Worldwide Interbank Financial Telecommunication(SWIFT).
However, Russia is now in the limelight of the international society with news being reported that it registered a black figure of $58 billion in the first quarter alone even in the face of anti-Russia sanctions by the U.S. and the West.
In recent video-conference devoted to economic affairs, President Putin said that the Western countries calculated that their sanctions could create dislocation of economic and financial market of Russia as well as the shortage of commodities in shops. But their strategy of sanction “blitz” against Russia, he said, could not have escaped a failure.
Experts on international affairs contend that the U.S. and the West have pursued the goal of totally stifling the Russian economy, creating social disorder, and division of privileged circle, but it brought just the opposite result of cementing further the internal unity of Russia.
Russian economic analysts are unanimously commenting that their government has recently demonstrated on the high level the stability of socio-economic system even in the face of extreme conditions of sanctions. They also make a comment that their government has taken a resolute step to make the European countries pay the fee of natural gas imported from Russia in ruble, thus bringing about the rapid increase of value of ruble with the economic situation of the Western countries which are dependent on the supply of Russian gas, on the contrary, getting worse day by day.
A few days ago, the Vice-Chairman of Security Council of the Russian Federation has quoted the latest data of the International Monetary Fund to assert that Europe cannot last more than six months or even a few weeks without the natural gas from Russia.
It is not without reason that European countries are recently crying out in fear that the suspension of import of gas from Russia can lead to a serious economic crisis where millions of people lose their jobs and numerous factories are closed.
The reality clearly shows that the stick of sanctions wielded by the U.S. and the West against Russia rather turns out to be a boomerang which flies back to their throat muscles.
More From Ministry of Foreign Affairs (EN)
In December 2017, the 72 nd Session of the UN General Assembly designated May 16 as the “International Day of Living Together
May 16, 2025
In December 2017, the 72 nd Session of the UN General Assembly designated May 16 as the “International Day of Living Together
China recently released a video titled “Never Kneel Down!”. Released by the Chinese Foreign Ministry on its official WeChat
May 16, 2025
China recently released a video titled “Never Kneel Down!”. Released by the Chinese Foreign Ministry on its official WeChat
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, sent a reply message
May 15, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, sent a reply message
President of the Russian Federation, Comrade Vladimir Vladimirovich Putin commended combat capabilities, bravery and heroism of th
May 14, 2025
President of the Russian Federation, Comrade Vladimir Vladimirovich Putin commended combat capabilities, bravery and heroism of th
Schoolchildren's art troupe of the Mangyongdae Schoolchildren's Palace visited Primorsky Krai of Russia from May 2 to 12 and
May 14, 2025
Schoolchildren's art troupe of the Mangyongdae Schoolchildren's Palace visited Primorsky Krai of Russia from May 2 to 12 and
Back on May 14, 2024, Pyongyang, the capital of the DPRK which is proud of its clear and fresh figures as well as its modern and
May 14, 2025
Back on May 14, 2024, Pyongyang, the capital of the DPRK which is proud of its clear and fresh figures as well as its modern and
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, received a reply
May 11, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, received a reply
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, received a reply
May 10, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, received a reply
The respected Comrade Kim Jong Un paid congratulatory visit to the Russian embassy in Pyongyang and made a speech. The speech
May 10, 2025
The respected Comrade Kim Jong Un paid congratulatory visit to the Russian embassy in Pyongyang and made a speech. The speech
A government delegation of the Republic of Belarus led by Deputy Prime Minister Yuri Shuleiko, who visited our country at the
May 10, 2025
A government delegation of the Republic of Belarus led by Deputy Prime Minister Yuri Shuleiko, who visited our country at the
Staff members of the Russian embassy here laid a wreath at the Liberation Tower on May 9 on the occasion of the 80 th anniversary
May 10, 2025
Staff members of the Russian embassy here laid a wreath at the Liberation Tower on May 9 on the occasion of the 80 th anniversary
A schoolchildren's art troupe of the Mangyongdae Schoolchildren's Palace on a visit to the Maritime territory of Russia gave the
May 10, 2025
A schoolchildren's art troupe of the Mangyongdae Schoolchildren's Palace on a visit to the Maritime territory of Russia gave the
Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
May 10, 2025
Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
The third meeting of the DPRK-Belarus intergovernmental joint committee for trade and economic cooperation was held at the
May 09, 2025
The third meeting of the DPRK-Belarus intergovernmental joint committee for trade and economic cooperation was held at the
Comrade Pak Thae Song, Premier of the DPRK Cabinet met with Deputy Prime Minister Yuri Shuleiko, the head of the government
May 09, 2025
Comrade Pak Thae Song, Premier of the DPRK Cabinet met with Deputy Prime Minister Yuri Shuleiko, the head of the government
A government delegation of the Republic of Belarus led by Deputy Prime Minister Yuri Shuleiko visited the Tower of the Juche Idea.
May 09, 2025
A government delegation of the Republic of Belarus led by Deputy Prime Minister Yuri Shuleiko visited the Tower of the Juche Idea.
The Russian embassy in the Democratic People's Republic of Korea (DPRK) hosted a reception at Yanggakdo International Hotel on
May 09, 2025
The Russian embassy in the Democratic People's Republic of Korea (DPRK) hosted a reception at Yanggakdo International Hotel on
Sectoral meetings for the third meeting of the DPRK-Belarus intergovernmental joint committee for trade and economic cooperation
May 08, 2025
Sectoral meetings for the third meeting of the DPRK-Belarus intergovernmental joint committee for trade and economic cooperation
The government of the Democratic People's Republic of Korea (DPRK) hosted a reception at the Mansudae Assembly Hall on May 7 in
May 08, 2025
The government of the Democratic People's Republic of Korea (DPRK) hosted a reception at the Mansudae Assembly Hall on May 7 in
We mark the 50 th anniversary of the establishment of diplomatic relations between the Democratic People's Republic of Korea
May 08, 2025
We mark the 50 th anniversary of the establishment of diplomatic relations between the Democratic People's Republic of Korea
More Articles
