Global Times Newspaper: US failed to isolate Russia from global economy

Beijing, SANA- Chinese newspaper, Global Times, affirmed that Western sanctions imposed on Russia under pretext of its special military operation to protect Donbass failed to achieve their goals, as US President Joe Biden’s wrong bets on the collapse of the ruble and the isolation of Moscow from the global economy fell.

The newspaper said in an article that the Russian ruble defied US threats and continued tightening of Western sanctions against Moscow and returned to its previous levels without the hyperinflation that the US and its allies bet on would take place, which confirms the fact that Russia is still an important part of the global economic system and no one will be able to isolate it.

It added that the rapid recovery of the ruble shows that de-globalization is impossible, no matter how much Washington wants to do so, indicating that the West is trying to fight Russia at all levels, including economic and media, but in this modern battlefield it overestimated its capabilities.

British Economist magazine recently affirmed that despite the West’s waging of an economic war against Moscow and imposing unprecedented sanctions on it, the chaos did not pervade the Russian markets, and that there was no evidence that economic activity in Russia had already been seriously affected.

Manar Salameh/ Mazen Eyon

Check Also

Three Israeli settlers injured east of Tulkarm

Occupied Jerusalem, SANA- Three Israeli settlers were injured Tuesday in a heroic operation by the …