US calls for long-term isolation of Russia from the world economy

The war that Russia has unleashed against Ukraine should have tangible and lasting consequences for the Russian economy, even after the Kremlin is forced to cease hostilities.

US Secretary of Commerce Gina Raimondo said this on Tuesday, speaking at the World Economic Forum in Davos, an Ukrinform correspondent reports.

“Russia must be punished severely and lastingly for what it has done,” the US Secretary of Commerce said.

In response to the clarification whether this includes reparations for Ukraine, she emphasized unambiguously. Moreover, according to her, Russia should be isolated from the global economic order “for a long time.” This includes, among other things, the extension of sanctions and restrictions on exports.

Read also: The seventh package of European sanctions against the Russian Federation may include the blocking of all banks – OP

Now, according to the head of the US Department of Commerce, any discussion about the return of Russia to “business as usual” is premature.

“We can’t even start discussions about this, Putin must first stop this war, so now it’s premature to even think about it,” Raimondo said.

Read also: Burbock hopes for an early agreement on the sixth package of sanctions against Russia

As Ukrinform reported, due to limited access to electronic products, Russia is already forced to use chips from dishwashers and refrigerators in military equipment. According to the US Department of Commerce, sanctions and export control measures against Russia are already having a serious effect on the economy and, in particular, on the country’s military industry.

Photo: Bloomberg

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