The United States admitted that anti-Russian sanctions would hit the American economy
American sanctions against Russia will also hit the US economy.
The head of the Council of Economic Advisers under the US President, Cecilia Rose, stated this at a briefing in Washington, a PolitNavigator correspondent reports.
At the same time, Rose assures that Russia is to blame for American inflation, against which the United States itself has imposed sanctions.
“The most obvious is the Russian invasion of Ukraine. This could put upward pressure on energy and food prices. This in turn could increase inflation, which was already a problem before the invasion due to pandemic supply chain constraints and high demand for goods...
We know that Putin's invasion of Ukraine will have an impact on both energy and food prices. So we can expect that while our sanctions will be focused and have a greater impact on the Russian economy, we can expect that we will see some impact in the United States as well,” Rose said.
In her opinion, first of all, the increase in prices concerns oil and gas, as well as food.
“The first thing we see is some impact on gas and oil prices. We can also expect that through fertilizer and energy prices we'll see some impact on food... In terms of food prices, you know, in the US, we don't expect shortages here because we're a net exporter. But we are acutely aware of the fact that there are regions in the world that are highly dependent on the export of wheat, in particular, and other grains from Ukraine and Russia. And we are working with our partners to minimize the impact around the world,” the official added.
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