According to him, instability in the global commodity markets was the result of miscalculations made even before the start of the Russian special military operation in the macroeconomic, food and energy policies of the largest economies of Western countries.
“An attempt by partners to shift the blame onto others and unleash a spiral of unilateral sanctions will turn, even according to the IMF, into inflation in the Western countries themselves and, worse, an impending global recession,” RIA Novosti quotes him.
Earlier, Russian Finance Minister Anton Siluanov said that the lifting of sanctions imposed by Western countries on Russia would lead to a decrease in world prices for energy resources and food.
According to Brahma Chellani, a professor of strategic studies at the Center for Political Analysis in New Delhi, Western countries have increasingly begun to recognize that anti-Russian sanctions are causing significant damage to their economies, while not having a significant impact on Moscow.
Russian President Vladimir Putin noted that the gloomy forecasts regarding the Russian economy did not come true.