Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media platform: The Degel HaTorah party, which has four members in the Knesset, announces its withdrawal from Netanyahu's cabinet.
Local Syrian sources: The raids targeted the road between the village of Al-Mazra'a and the city of Sweida, where forces and factions affiliated with the Syrian Ministry of Defense are advancing.
Local Syrian sources: New raids carried out by Israeli warplanes targeted vehicles and gatherings of military factions affiliated with the new Syrian Ministry of Defense.
Local Syrian sources: Israeli raids target, for the third time, gatherings of Syrian Defense Forces military factions in the southern countryside of Sweida.
The Ministry of Health in Gaza: Gaza Strip hospitals received 120 martyrs and 557 wounded in the past 24 hours.
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis

Reckless US sanctions on Russia trigger global inflation - The Global Times

  • By Al Mayadeen Net
  • Source: Agencies
  • 16 Apr 2022 11:07
  • 4 Shares
4 Min Read

The reckless US sanctions campaign on Russia has triggered global inflation, which could take years for the world to recover from.

  • x
  • Reckless US sanctions on Russia consequences
    Reckless US sanctions on Russia trigger global consequences.

While Western media outlets are accusing China of driving global inflation, the latest data on inflation points out that the sanctions on Russia have a greater influence on the global supply chain and high prices. 

In an article by Voice of America, the US government-owned media outlet adopted a headline that claims "China's lockdown has led to weaker demand for importers and higher prices in other countries." 

The global economy is witnessing an era of high inflation. A Labor Department in the US said on Tuesday that consumer prices in March jumped 8.5 percent more than the year before, marking the sharpest annual increase. 

The UK witnessed a 7.0 percent inflation in March from 6.2 percent in February, the highest level in three decades, according to the Office for National Statistics. 

Read more: Ukraine war to push US inflation even higher

 

Related News

US pressure on Lebanon grows over Resistance disarmament plan

Trump to make historic second UK State visit at King's invitation

In the Eurozone, inflation reached 7.5 percent in March, the highest level since the creation of the euro. The annual rate of inflation in Russia increased to 17.49 percent during the week ending April 8, the most since February 2002 and up from 16.7 percent the previous week, according to the country's economy ministry on Wednesday.

To be precise, several reasons contributed to the world's increasing inflation, with the COVID-19 epidemic being a key one. However, there is little doubt that the increasing prices of oil and a plethora of other bulk commodities caused by the reckless US-led Western economic sanctions imposed on Russia, worsened worldwide inflation. Needless to say, blaming it on China's anti-epidemic tactics is implausible.

Read more: Anti-Russia sanctions to impact world: IMF Chief

 

The economy after COVID, during Ukraine war 

At a time when global supply chains are still struggling to recover from the epidemic, the war in Ukraine and the sanctions placed on Russia have worsened supply chain disruptions. Countries around the world are bearing the burden of Washington's geopolitical gambits, with shortages in energy, raw materials, and food supplies.

While US and Western officials claim that their economic and financial sanctions are intended to punish Russia, the truth is that they have also seriously harmed the interests of developing countries, which are particularly vulnerable to high inflation when it comes to imports of food and other necessities. Many of these developing countries are already dealing with major economic issues, and Western sanctions-induced price increases are adding salt to the wound.

Read more: Recovery of global economy with anti-Russian sanctions difficult: Chinese PM

 

Sri Lanka's central bank, for example, stated this week that it will temporarily default on all international debt to protect its decreasing foreign exchange reserves to import crucial food and gasoline. If anything, it demonstrates how emerging economies, particularly tiny and fragile ones, are feeling the effects of imprudent Western economic sanctions.

In rich countries, inflation may mean price hikes, but in developing countries, significant inflation can lead to food shortages and perhaps a widespread humanitarian crisis. There has already been an increase in warnings about emerging countries in Asia and elsewhere experiencing severe energy and food shortages, as well as economic catastrophes.

Read more: US to expand sanctions against Russia: Official

 

In the face of such a bleak picture, it is hoped that the West will abstain from pointing fingers and instead focus on real efforts to address the expanding list of economic problems with global ramifications. In terms of the developing world, this necessitates a coordinated effort to sustain global free trade and economic globalization.

  • inflation
  • Economic inflation
  • US inflation
  • UK inflation
  • United States
  • United Kingdom
  • Russia
  • Ukraine
Russia & NATO

Russia & NATO

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?

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS