Western countries' attempts to impose overarching sanctions on Russia will result in a global economic recession, Russian deputy foreign minister Sergey Vershinin stated on Thursday.
"An attempt by (the West) to shift the blame onto others and unleash a spiral of unilateral sanctions will result, even according to the IMF, into inflation in the Western countries themselves and, worse, an impending global recession," he noted.
Vershinin also highlighted that the instability in the global commodity markets is the result of responsible macroeconomic policies of Western countries, and has nothing to do with Moscow's ongoing military operation in Ukraine.
