Matvienko spoke about the risks to the global economy amid EU sanctions against Russia

Sanctions against Russia not only deal a blow to Europe, but can also seriously shake the global economy. This was announced on July 24 by Chairman of the Federation Council Valentina Matvienko during a press conference following the spring session.

"This could seriously shake the global economy and the pace of global economic development. This will have an overall impact on the global economic level. We will continue to look at what will happen and, accordingly, prepare in advance those measures that would neutralize this illegal economic pressure on Russia," she said.

According to Matvienko, Moscow is witnessing a "Russophobic heat" from the European Union (EU), which is increasing its defense capabilities and military spending at the expense of its taxpayers due to the alleged Russian threat.

Channel without communication: sanctions against Russia slow down the investigation of crimes in the EU

The financial intelligence services of a number of European countries still refuse to cooperate with Moscow.

Maxim Oreshkin, deputy head of the Russian presidential Administration, said on July 22 that European economies were dying. He stressed that the German economy is stagnating.

Sergei Glazyev, State Secretary of the Union State of Belarus and the Russian Federation, said on July 20 that EU sanctions against Moscow were very expensive for unification and hit Europe much harder than Russia. He also noted that Europe would not be able to correct the current situation through militarization.

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