Expert: Western restrictions stimulate industrial and technological development in sanctioned states
The G7 members are forming a mechanism to control sanctions, trying to prevent the emergence of a multipolar world by all means. Such Western restrictions are directed against the industrial security of Belarus and Russia – as noted by Doctor of Economics Valery Bainev, Professor of the Department of Innovation and Entrepreneurship at the Belarusian State University, in his talk with sb.by.
“I would not underestimate the rivals. From the point of view of realising their policy of dominance in the global economy, they are doing everything quite competently. Another question is that the West understands that sanctions are pushing the former Soviet republics and other countries to move, it is an incentive to act. The collective West also sees that sanctions do not bring a blitzkrieg, but, on the contrary, enable the states of the former USSR, including Belarus, to stimulate industrial and technological development. That’s why they set up the sanctions control commission and scare our counterparties – China and Turkiye – with imposing of secondary sanctions. However, it turns out that with its restrictions, the West not only stimulates the industrial and technological development of the sanctioned states, but also promotes their unification within the framework of large integration groups such as the Union State, EAEU, CIS, SCO, BRICS, and others,” the expert explains.
According to the Professor, by applying sanctions pressure to the unwanted, Western countries are raising their own gravedigger (represented by the international organisations listed above). It is political and economic barriers and restrictions that are the impetus for the creation of a multipolar world. This can only be welcomed.
Tens of thousands of sanctions measures were imposed against Belarus and Russia in 2024, including a wide range of restrictions on trade, the financial system, banks, companies and individuals. Among the most painful is the ban on the import of foreign technologies, machinery and equipment, which the economy was focused on.
