The West has not "let go" of sanctions against Russia, similar to the way it used against China.

Speaking to Sputnik on November 4, former Managing Director of the International Monetary Fund (IMF) in Russia Alexei Mozhin said that the West will not lift sanctions against Russia in the near future.

The West will maintain sanctions against Russia in the long term. (Source: Pravda)

According to Mr. Mozhin, this strategy is similar to the one the West uses with China - using a deterrence policy to restrain economic development.

He affirmed: "The Russia-West conflict will continue. I do not believe they will lift sanctions."

With the European Union (EU), to date, the bloc has imposed a total of 14 sanctions on Russia, and has extended all sanctions against Moscow for another 6 months, until January 31, 2025.

The decision includes sanctions from 2014, after Russia annexed the Crimean Peninsula.

The new measures were imposed from February 2022, when Moscow launched a special military operation in Kiev.

The sanctions include restrictive measures in the trade, financial, technological, industrial, and transport sectors, as well as restrictions on imports of oil and petrochemical products from Russia, and restrictions on exports to Russia of luxury goods and dual-use goods.

The 27-member bloc also imposes sanctions on actions aimed at circumventing sanctions.

At the same time, the EU, the US and many other countries signed cooperation agreements to support Ukraine in many aspects.

Source: https://baoquocte.vn/former-executive-director-of-imf-phuong-tay-chua-buong-tay-trung-phat-nga-giong-cach-su-dung-voi-trung-quoc-292535.html