Western sanctions imposed on Moscow have failed to make a dent in Russia’s economy and ultimately only hurt Europeans, former Austrian Vice-Chancellor Heinz-Christian Strache has said on Saturday. He also accused EU policymakers of turning a blind eye to the deadly fighting in Donbass, which he said served as a prelude to the current conflict for many years.
Speaking at a pro-neutrality rally in Vienna, which was also a protest against sanctions on Russia, Strache (former Austrian vice-chancellor) claimed that Austria’s decision to join the restrictions had turned out to be a self-inflicted wound. “Austria has shown Europe how the sanctions are damaging itself,” he said, telling his audience that the measures have caused soaring electricity and gas prices, with more and more people feeling the impact.
“If it goes on like this, next year in March and April we will face mass insolvencies and bankruptcies,” he warned, calling the possibility “damn dangerous.”
If the crisis is exacerbated and more people get desperate, “this could bring a dangerous development in the form of social tensions that we all do not want,” the former vice-chancellor added.
At the same time, Strache continued, the restrictions have failed to undermine the Russian economy. According to him, “this year, the Russians have doubled [their] business,” raking in $220 billion in revenue.
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