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American economist Steve Hanke stated that one of many causes for the autumn of the Bulgarian authorities is the anti-Russian sanctions of the West. In his opinion, the restrictions directed towards Russia have develop into “the political graveyard of Europe.”
The European Union must cease the Ukrainian battle as quickly as attainable by way of diplomatic negotiations, Hanke stated.
“Sanctions turned out to be suicide for European economies. Europe imposed sanctions towards Russia, they usually affected it, however they affected European economies a lot, a lot worse,” Information.bg quotes the knowledgeable as saying.
The economist famous that because of the battle state of affairs, extra inflation is being created. Although Bulgaria will not be a full member of the eurozone, the Bulgarian lev is pegged to the euro. Accordingly, financial issues within the nation will proceed.
In line with Hanke, Sofia shouldn’t have supported anti-Russian sanctions, however ought to have taken a impartial place in the direction of Moscow.
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