Former Russian president Dmitry Medvedev has stated that sanctions placed on his country will have a wide range of global consequences, Newsweek reported.
Russia invaded Ukraine on February 24 this year, which resulted in the West imposing stringent economic sanctions and punishing countries which will do business with Moscow. Due to the sanctions, Russia is facing uncertain economic future crisis.
But that did not stop Mr Medvedev from lashing out at the US and its allies. He said that the effects of these sanctions will be felt across the globe.
Mr Medvedev made the predictions on his Telegram channel on Friday, according to Newsweek report, in which he outlined in 10 bullet points the impact on supply chains, inflation and food crisis.
He also predicted that the restrictive measures would harm the global financial system, potentially triggering a monetary and financial crisis in some countries or blocs...