Russia Warns US Over Sanctions, Global Economy Will Suffer More Than Moscow

China also strongly objected to the US’s new sanctions. Beijing called these ‘unilateral steps lacking any international legal basis.’

Russia has strongly responded after the United States imposed new sanctions on its two largest oil companies, Rosneft and Lukoil. Russian Foreign Ministry spokesperson Maria Zakharova stated these actions will ‘backfire.’ She warned they would hurt the global economy more severely than they harm Russia.

Russia’s Warning Sanctions Will Not Work

Zakharova affirmed these punitive US measures will not force Russia to compromise its national interests. She mentioned Russia remains open to talks. However, these discussions should happen through diplomatic channels, not media rhetoric. “This step is completely counterproductive,” she said. It will further complicate the chances for meaningful dialogue to resolve the Ukraine conflict. Russia has developed strong resilience against Western sanctions, she added. The country will confidently advance its economic and energy capabilities.

China Also Advises the US

China also raised strong objections to the new US sanctions on Thursday. Beijing clearly stated these are ‘unilateral steps lacking any international legal basis.’ China advised the US to pursue dialogue instead of a policy of pressure or coercion. China also criticized the recent European Union sanctions. These actions targeted some Chinese companies accused of assisting Russia. Chinese Foreign Ministry spokesperson Guo stated, “China is neither a creator nor a party to the Ukraine crisis.” “We oppose all actions that damage the legitimate interests of Chinese companies.”

Analysts believe this joint response by Russia and China could form a strong front against increasing US sanctions. Both nations are already working to reduce reliance on the dollar. They are also developing an alternative trade system. Experts suggest that if Russia and China strengthen energy and trade cooperation, it could impact Western economic policies. This may also lead to shifts in the global power balance.