Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Russia forges new partnerships in face of West's 'total hybrid war' - Lavrov

WorldMay 14, 2022 11:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Russian Foreign Minister Sergei Lavrov speaks to the media during a meeting of the Council of Foreign Ministers of the Commonwealth of Independent States (CIS) in Dushanbe, Tajikistan May 13, 2022. Russian Foreign Ministry/Handout via REUTERS

By Mark Trevelyan

LONDON (Reuters) -Russian Foreign Minister Sergei Lavrov said on Saturday that Moscow was the target of "total hybrid war" by the West but would withstand sanctions by forging deeper partnerships with China, India and others.

In a speech on the 80th day since Russia invaded Ukraine, Lavrov pointed to the barrage of sanctions imposed by the West in an effort to portray Russia as the target, not the perpetrator, of aggression.

"The collective West has declared total hybrid war on us and it is hard to predict how long all this will last but it is clear the consequences will be felt by everyone, without exception," he said.

"We did everything to avoid a direct clash - but now that the challenge has been thrown down, we of course accept it. We are no strangers to sanctions: they were almost always there in one form or another."

The sanctions on Russia's top companies, banks and political elite have been imposed to punish it for a war that has killed tens of thousands of people and uprooted millions, disrupted energy markets and exacerbated a global food crisis by driving up prices for grain, cooking oils and fertiliser.

In his speech, Lavrov laid out the strategy that Moscow is pinning its hopes on as it tries to cushion the hit to its economy and build new markets elsewhere.

He cited the sanctions, which have included the seizure of nearly half of Russia's $640 billion in foreign reserves, as evidence that no one is safe against expropriation and "state piracy", and of the need for countries to lessen economic reliance on the United States and its allies.

"Not only Russia but many others too are reducing dependence on the U.S. dollar, western technology and markets," he said, without stating evidence.

Efforts by the West to isolate Russia were doomed to fail, he said. Russia's relations with China were the best they had ever been and it was developing a privileged strategic partnership with India.

Just back from a trip to the Middle East, he also cited the importance of ties with Egypt, Algeria and Gulf nations, as well as Asia, Africa and Latin America.

In one example of a sanctions-induced pivot in exports, Russia sold twice as much crude oil to India in the two months after its Feb. 24 invasion of Ukraine as it did in all of 2021, as Western nations cut purchases of Russian oil and Indian refiners seized the chance to buy it at a discount.

Yet despite Russia's insistence it can thrive under sanctions, its economy is on track to shrink by somewhere between 8.8% and 12.4%, according to an economy ministry document seen by Reuters, and not return to its pre-invasion size before 2026.

Annual consumer inflation accelerated in April to 17.83%, its highest since 2002.

Russia forges new partnerships in face of West's 'total hybrid war' - Lavrov
 

Related Articles

Ukraine and Russia: What you need to know right now
Ukraine and Russia: What you need to know right now By Reuters - May 23, 2022 18

(Reuters) - Ukraine said on Monday it had held off the latest assault on an eastern city that has become the main target of Moscow's offensive since Russian forces finally seized...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (8)
Klaus Mittwoch
Klaus Mittwoch May 14, 2022 4:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
As always in Russia: propaganda, lies and turning all around.
Mike Harms
Mike Harms May 14, 2022 4:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Good Thinking ... we certainly don't have Oligarchs or Propaganda?
jason xx
jason xx May 14, 2022 4:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Russia is the poor victim in this whole thing. Forced to commit war crimes in Ukraine against children
DJ Car
DJ Car May 14, 2022 3:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Over half the world is siding with Russia while we fight an overt proxy war with American dollars. We need to remove all support for Ukraine and force a settlement. Not doing so puts more blood on America's hands.
Oleksii Trugov
Oleksii Trugov May 14, 2022 3:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wrong. Only Syria, North Korea, Belarus and Eritrea supported Russia - https://bit.ly/3ONjrKb
jason xx
jason xx May 14, 2022 3:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
traitor loser leave the country before we string you up. The punishment for treason is still death
Benjamin USA
Benjamin USA May 14, 2022 3:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Spammer
Alan Rice
Alan Rice May 14, 2022 2:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Big Question for Russkies: Is destroying your Geographical Neighbors what RUSSIAN CITIZENS want ?? (Im not seein ' it.)
Oleksii Trugov
Oleksii Trugov May 14, 2022 2:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
71% of russkies support the invasion. They really fall for all that propaganda. I think they want to be brainwashed and they would rather hand over all of their lives into the hands of one sick person sitting kremlin than stand up and do something about the war and incoming poverty.
jason xx
jason xx May 14, 2022 2:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
of course not they support the war because they are not free to make a choice.
Guido Martini
Guido Martini May 14, 2022 1:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I think the EU should create a new OTAN, excluding US and UK. It’s unbearable what is happening, the major loser is EU. The EU seeking the multilateralism maybe will be better for the global population of course. I get to see ithe future of UKRAINE and RUSSIA as part of a strong EU, because they are absolutely complementary.
Oleksii Trugov
Oleksii Trugov May 14, 2022 1:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Russia as a part of EU? Nice joke. And NATO without the US and UK would be nothing but a bunch of pussies. So far only the US, UK and a few East European countries really do something about the war and stand up for Ukraine. Without them, EU and NATO would have given up everything to Putin and might even sucked him off in the process to avoid 'provocations'.
jason xx
jason xx May 14, 2022 1:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The only thing in Ukraine for Russians is death
Chris Sundo
Chris Sundo May 14, 2022 11:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It used to be China and Trump that make a fool of themselves on the international stage. Now it's Russia. LOL. They're busy trying to believe the trash they talk. LMAO. E' vil empire
Chris Sundo
Chris Sundo May 14, 2022 11:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You can see their WARPED personality. They, the communists, talk like Trump: they accuse others of what exactly they are. Have you noticed that? Psychologists should publish more about this type of personality and how to tell such people. Those people are so consumed with their own deficiencies that they can not stop talking about themselves. Trump and communists are on the same page. Trump, communists, and autocrats think that they can fool others with their foolish talk. Laughable. Unfortunately, every society has its allotment of fools that falls for such people. It speaks against Americans that they fell for Trump and the communists. Raise my eyebrows and hope they go back to their dark dungeons of backwardness and smallhood.
ZS Beck
ZS Beck May 14, 2022 9:00AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Longest you move back where you come from.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email