Moscow’s ambassador to the United States has appealed to the American public, warning that in the end “ordinary” US citizens will feel the pain.
“I don’t remember a single day when our country lived without any restrictions from the Western world. We learned how to work in such conditions. And not only survive, but also develop our state,” said Ambassador Anatoly Antonov via a Russian Embassy Facebook post on Wednesday.
“There is no doubt that the sanctions imposed against us will hurt the global financial and energy markets,” Amb. Antonov emphasized. “The United States will not be left out, where ordinary citizens will feel the full consequences of rising prices.”
“With regard to Moscow, new US sanctions will not solve anything, Russia has learned to work and develop under restrictions,” he reiterated.
Zero Hedge blog pointed out, that a Tuesday note from JPMorgan seems to concur…
“An energy price shock amidst an aggressive central bank pivot focused on inflation could further dampen investor sentiment and growth outlook,” fresh analysis from the bank issued Tuesday to clients said.
“Indirect risks are potentially more substantial, which could include slower global growth and consumer spending due to higher oil and food prices, negative second-order effects through Europe, supply chain distortions, credit and asset writedowns, and cybersecurity risks,” the bank added.
