Opinion: China Blames The US-led Sanctions Against Russia For Sri Lanka’s Crisis, Has Good Advice For India (IB Times)

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    Opinion: China Blames The US-led Sanctions Against Russia For Sri Lanka’s Crisis, Has Good Advice For India – By Panos Mourdoukoutas Ph.D. (IB Times) / April 17, 2022

    China rarely misses the opportunity to blame America for whatever goes wrong in countries and regions it is trying to bring under its sphere of influence, like Sri Lanka’s crisis. And always have good advice for India.

    Last week, a Global Times editorial blamed the U.S.-led sanctions against Russia for rising food and energy prices, which have helped push the island nation’s economy off the cliff. “The Russia-Ukraine conflict and the US-led economic sanctions against Russia may have further aggravated Sri Lanka’s economic plight,” said the editorial. “The skyrocketing prices of consumer goods and shortages of food and fuel have driven the economy to the brink of collapse.”

    Higher food and energy prices have devastated consumers worldwide, especially those living in developing nations that rely on imports for their food and energy needs, like Sri Lanka. Thus, Beijing may have a point, the economies of developing countries are collateral damage of the Russian-Ukraine war and the Western economic sanctions.

    CONTINUE > https://www.ibtimes.com/china-blames-us-led-sanctions-against-russia-sri-lankas-crisis-has-good-advice-india-3476940

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