United Network News
  • HOME
  • ABOUT US
  • NEWS
    • WORLD NEWS
    • SITUATION REPORTS
    • FIELD MESSENGER REPORTS
  • BECOME A FIELD MESSENGER
    • ABOUT FIELD MESSENGERS
    • FREQUENTLY ASKED QUESTIONS
    • FIELD MESSENGER REPORT EXAMPLES
    • SUBMIT YOUR REPORTS
  • UNN MEMES
  • CONTACT US
    • UNN SUPPORT
    • FIELD MESSENGERS SUPPORT
No Result
View All Result
  • HOME
  • ABOUT US
  • NEWS
    • WORLD NEWS
    • SITUATION REPORTS
    • FIELD MESSENGER REPORTS
  • BECOME A FIELD MESSENGER
    • ABOUT FIELD MESSENGERS
    • FREQUENTLY ASKED QUESTIONS
    • FIELD MESSENGER REPORT EXAMPLES
    • SUBMIT YOUR REPORTS
  • UNN MEMES
  • CONTACT US
    • UNN SUPPORT
    • FIELD MESSENGERS SUPPORT
No Result
View All Result
United Network News
No Result
View All Result
Home World News Asia

The Russian economy has managed to hold up against massive sanctions imposed by western countries and their allies

  • March 1, 2023
The Russian economy has managed to hold up against massive sanctions imposed by western countries and their allies

It appears the Russian rhetoric may be working…

As the military conflict in Ukraine enters its second year, Washington has decided to add more Anti-Russian penalties targeting dozens of companies and individuals linked to the county and raising tariffs on Russian goods whose imports are still allowed. Meanwhile, the European Union has approved its tenth package of sanctions against Russia, which includes export limitations on dual-use items and technology, measures against so-called Russian disinformation, and new restrictions against individuals and entities for their alleged support of the Russian military.

Western allies Britain, Switzerland, Australia, Japan, and New Zealand joined the measures. The GDP of Russia is down just 2.1 percent, which is much less than the 10 to 15 percent some had predicted after the sanctions took effect last March. In fact, the Russian economy is actually forecast to increase by point 3 percent during the current year, according to the international monetary fund.

There are countries in the world that were sanctioned by the US Office of Foreign Asset control decades ago, and they are still sanctioned to this day. Sanctions rarely affect any nation’s economy and they never have stopped a war. What sanctions actually do is increase the number of black-market goods in the world. Russia is still selling oil, and so is Sudan. Black market goods often sell for much lower prices than the standard market price.

There were many black-market trading platforms such as BlackRock’s Aladdin system, Black Sun’s TransUnion platform, and the Global Treasuries System. However, these platforms no longer exist, so one has to wonder just what they are gaining from sanctions.

Watch the Full Report Here

Tags: Economic SanctionsRaising TariffsRussia-Ukraine War
Facebook
Twitter
Telegram
WhatsApp
Email
Print

Related Posts

Starting in October 2023 the Russian SPFS system will replace SWIFT for domestic financial transactions

Starting in October 2023 the Russian SPFS system will replace SWIFT for domestic financial transactions

March 22, 2023
After days of protests Georgian Dream Party and its allies withdrawn the proposed “Agents of Foreign Influence” law

After days of protests Georgian Dream Party and its allies withdrawn the proposed “Agents of Foreign Influence” law

March 10, 2023
Sri Lanka’s economic meltdown has become a hunger crisis, families struggling to feed their children

Sri Lanka’s economic meltdown has become a hunger crisis, families struggling to feed their children

March 3, 2023
China has released its Global Security Concept initiative to prevent conflict and promote global security

China has released its Global Security Concept initiative to prevent conflict and promote global security

February 22, 2023
Stories of miracles from Turkey as the people come together to uplift and support each other

Stories of miracles from Turkey as the people come together to uplift and support each other

February 15, 2023
South Korea’s interior and safety minister, Lee Sang-Min, has become the first cabinet official in the country’s history to be impeached

South Korea’s interior and safety minister, Lee Sang-Min, has become the first cabinet official in the country’s history to be impeached

February 10, 2023
Load More

Trending on United Network News

The US taxpayer funded American Red Cross is giving immigrants travel guides to the US-Mexico border

The US state department says it has pulled funding from the George Soros backed Global Disinformation Index, or GDI

Have you heard of Geofence? Your cell phone has it and depending on your settings it could pinpoint your location

Dutch farmers have von the most seats in the Dutch senate after months of protest over new nitrogen emissions rules

The Russian economy has managed to hold up against massive sanctions imposed by western countries and their allies

Trending Field Messenger Reports

Anne from Oklahoma City shares a very easy and cost-effective homemade laundry detergent recipe using only 3 ingredients

Learn how Electro Culture Gardening can increase plant yields by harnessing the earth’s atmospheric energy

A simple walk on a sunny day creates a delightful and peaceful moment for Alice from New Orleans

Exploring a university festival of cultural displays, traditional dances and academic offerings in the Dominican Republic

Field Messenger Meral connects with nature and enjoys the enchanting beauty of Lake Constance in Lindau, Germany

United Network Plus Movies

Jupiter Ascending

Jupiter Ascending

August 24, 2022
Moon Fall

Moon Fall

August 22, 2022
Next Post
Ron DeSantis has signed a bill taking control of the special Walt Disney tax district in Orlando Florida

Ron DeSantis has signed a bill taking control of the special Walt Disney tax district in Orlando Florida

© 2022 Copyright  All Rights Reserved
  • ABOUT US
  • CONTACT US
  • TERMS
  • PRIVACY POLICY

Available on multiple devices

No Result
View All Result
  • HOME
  • ABOUT US
  • NEWS
    • WORLD NEWS
    • SITUATION REPORTS
    • FIELD MESSENGER REPORTS
  • BECOME A FIELD MESSENGER
    • ABOUT FIELD MESSENGERS
    • FREQUENTLY ASKED QUESTIONS
    • FIELD MESSENGER REPORT EXAMPLES
    • SUBMIT YOUR REPORTS
  • UNN MEMES
  • CONTACT US
    • UNN SUPPORT
    • FIELD MESSENGERS SUPPORT

© 2022 Copyright © All Rights Reserved
United Network News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist