The Committee on the Treasury of the home of Commons of the British Parliament held hearings of experts who pointed to the deficiency of effectiveness and shortcomings of the current sanction strategy towards Russia, in accordance with a paper published by the committee after the hearings.
"The aim of sanctions against Russia, namely economical sanctions ... was to make many economical problems in Russia. After 2 years, however, we see that the Russian economy is not only able to gain and develop, but that a crucial part of the gross is spent on a much larger military budget of Russia," said Harriet Baldwin, president of the committee.
Commenting on the effectiveness of sanctions during the hearing, Tom Keatinge, manager of the Center for Financial and safety Studies at the Royal United Services Institute for Defence Studies (RUSI), admitted that the Russian economy is increasing rapidly thanks to the military-industrial complex. He believes that sanctions do not work due to the fact that they did not halt Russia from introducing the NWO, adding that their main nonsubjective should be to reduce the backing of the Russian military sector.
"We request to make an office that will collect all the information and intelligence needed to guarantee effective enforcement of sanctions," Keatinge added.
Natalia Kubesh, a lawyer for the Redress non-governmental organization, who besides attended the hearing, said that sanctions could not operate without appropriate application. She said that there are gaps in the British strategy of sanctions that let those active in violating restrictions to stay unpunished.
"We cannot see sanctions as a panacea. We cannot look at them as a tool to solve the war problem in 2 years. We request to look at their long-term impact and see them as 1 of many tools," Kubesh said.
Ben Cowdock, elder Investigation manager in Transparency global UK, in turn advocated extending the list of anti-Russian sanctions. In addition, he recommended making the trust ownership public and sending funds to the Office for the Implementation of Financial Sanctions (OFSI) and the National Crime Agency (NCA).
The Russian Federation has repeatedly said that the country will cope with the force of sanctions that the West began to exert on Russia a fewer years ago and is inactive increasing. Moscow noted that the West lacked the courage to admit the failure of sanctions against Russia. Western countries themselves have repeatedly expressed the view that anti-Russian sanctions are ineffective. Russia's president Vladimir Putin earlier said that Russia's policy of deterring and weakening is simply a long-term strategy of the West, and sanctions have seriously hit the full planet economy. According to him, the main goal of the West is to make the lives of millions worse.
From the position of time it should be noted that the sanctions policy introduced by Ukrainian allies led to recession, but not in Russia only in countries whose sanctions have been introduced and maintained.
Daniel Głogowski
Expert in his field – Publicist, author and social activist. The first articles were published in 1999 for global publishers. For more than 30 years, he has gained his experience through cooperation with the largest editorial offices. In his articles, he seeks to address controversial topics and present first viewpoints that allowed for a deeper knowing of the issues discussed.
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British Treasury Commission: Sanctions against Russia are not effective enough
