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Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace
Member of the Ansar Allah Political Bureau, Mohammed al-Bukhaiti: The Israeli aggression on Yemen will not deter us from continuing to support Gaza, no matter the sacrifices
Al Mayadeen's correspondent: The Israeli aggression targeted the Yemeni Oil Company station on Al-Sitteen Street, southwest of the capital, Sanaa, with several raids

Anti-Russia sanctions to impact world: IMF Chief

  • By Al Mayadeen Net
  • Source: Agencies
  • 25 Feb 2022 19:30
  • 2 Shares
2 Min Read

IMF Chief warns that anti-Russia sanctions would impact the world through higher oil, grain prices.

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  • International Monetary Fund Managing Director Kristalina Georgieva
    International Monetary Fund Managing Director Kristalina Georgieva

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said, on Friday, that sanctions imposed by the West on Russia may have an impact on the global economy due to increasing inflation caused by rising oil and grain prices.

"What is happening, of course, has implications for the economy of Ukraine, but the impact is going to go beyond Ukraine," Georgieva said.

She added that "because we have already seen actions taken in terms of sanctions that would add to the economic impact of this crisis and will be transmitted primarily through energy prices as well as grains prices adding to growing concern of inflation and how it can be countered."

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Worries about global supply disruptions and US-European sanctions against Russia pushed global oil prices above $100 per barrel for the first time since 2014, while wheat, soybeans, and maize prices jumped to multi-year highs as well.

Inflation had already been sharply increasing in the US before last week's rise in oil and grain prices, with consumer prices rising at their fastest rate in 40 years in the 12 months to January.

The Russia-Ukraine issue, according to Georgieva, has prompted an exit of funds from emerging economies "when we need exactly the opposite, more financing going there."

It is worth mentioning that Russia owns 3% of its foreign currency in emerging market bonds, and a financial crisis there might spread to the rest of the market.

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Russia & NATO

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As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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