Venezuela ready for impact of western sanctions against Russia for global economy

Venezuelan President Nicolas Maduro believes that the western countries’ sanctions against Russia are absurd and will inevitably influence the state of global economy in the future. Venezuela is ready for such a pace of developments, the country’s leader told the Venezolana de Television TV channel.

“We are ready, so to say, to face the boomerang effect on the western and global economy due to wrong sanctions against the Russian economy. Sanctions are absurd, but the west is too arrogant,” Maduro said.

Russian President Vladimir Putin said on February 24 that in response to a request by the heads of the Donbass republics, he had made a decision to carry out a special military operation in Ukraine, stressing that Moscow had no plans of occupying Ukrainian territories.

The United States, the European Union, the United Kingdom and a number of other states responded to the actions of the Russian authorities by slapping sanctions against Russian physical and legal entities. TASS