Balázs Orbán, the prime minister's political director, from the Italian newspaper L'Indipendente (The Independent) He posted the following on his Facebook page.
According to the Italian newspaper L'Indipendente, the Western economic institutions were wrong about the effectiveness of the sanctions: instead of the expected 11% decrease, the Russian GDP fell by only 2.3%. This did not bring about the expected and hoped for collapse of the Russian economy, in fact, in 2022 the Russian economy became the 9th strongest economy in the world.
Against the resistant delay of the Russian economy, as a result of the war and the failed sanctions policy, a significant decline has already begun in Western countries, especially in Europe, due to high energy prices, which reduced industrial production and trade.
Meanwhile, Western sanctions have encouraged Russia to open new trade routes, namely to Asia, and this has created an opportunity for Asian powers to take over the leading role from Western economies in the medium and long term. The first signs of this can already be observed, since in 2022 the United Kingdom will be replaced by India in the 5th place in the ranking of the world's largest economies.
Sanctions therefore contribute more to the decline of Western economies than to the Russian one. This is also confirmed by IMF data, according to which the EU and the USA are the most exposed to the recession forecast for 2023.
So instead of new sanctions, we need effective diplomacy, a ceasefire and negotiations, this is in the interest of the Western world, including Europe!
Picture: Sándor Csudai
