Renowned economist Jeffrey Sachs warned that the “ultimatum” of anti-Russia sanctions imposed by the United States and its allies will have a boomerang effect, “blowing up in the face of the US.” Sachs argues that the strategy of economically isolating Russia has failed to achieve its objectives while causing global instability and strengthening cooperation among countries not aligned with the West.
According to Sachs, the sanctions, instead of weakening the Russian economy, have pushed Russia to seek new trading partners and develop independent supply chains, especially with Asian nations. This reorientation has the potential to create a new economic bloc that challenges the hegemony of the dollar and the Western financial system, resulting in unexpected and negative consequences for the US itself.
The economist advocates that the policy of confrontation and sanctions needs to be reviewed, proposing an approach more focused on diplomacy and the search for negotiated solutions to conflicts. The continuation of sanctions, in his view, will only deepen the polarization and fragmentation of the global economy, with significant risks to global stability and prosperity.
