Russia is on the verge of being “disconnected” from the world economic system, French Secretary of State for European Affairs Clément Beaune said on Monday, calling on the European Union to be “aware” of its strengths in the management of the Ukrainian conflict. .
“Russia is gradually being disconnected from the rest of the world, particularly economically, and this will have an extremely heavy impact,” said Clément Beaune on private radio Europe 1, referring in particular to the collapse of the ruble and “the panic intervention of the Russian central bank”.
the ruble free fall
“Sanctions have often been said to be a form of trigger light, or water gun of international politics. We went to another universe, ”he added.
The ruble on Monday broke historic records of weakness against the dollar and the euro on the Moscow Stock Exchange, due to sanctions imposed due to the Russian invasion of Ukraine. To defend the economy and the national currency against Western sanctions, the Central Bank of Russia had raised its key rate from 9.5 to 20% on Monday morning.
” Our strength “
“Let’s be aware of our strength,” said Clément Beaune. “It is Russia that needs us the most, that needs the rest of the world. Believing that we can be a brutal, aggressive, invading power, alone in the world, cut off from everything else, does not work, ”he hammered.
“It is also a lesson for our democracies which are sometimes seen as a little weak, a little naive, a little decadent. This is undoubtedly Vladimir Putin’s reasoning. He thought he was facing a divided, collapsed Europe , we organized ourselves”.
However, the Minister specified that it was first of all “the Russian oligarchs, those who have fortunes in Europe, who are targeted” by the sanctions. “We are going to make sure to spare as much as possible the Russian people who indeed, I am quite convinced, did not need this war,” he declared.
Source: 20minutes
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