Kremlin Warns Middle East Conflict Will Devastate Global Economy Long Term
The Kremlin issued a stark warning on Sunday about the wider repercussions of the Middle East conflict, blaming US-Israeli military actions for triggering profound negative effects on the global economy. Russian officials described these consequences as not only devastating but also likely to persist for the long term, signaling deepening economic uncertainty worldwide.
The statement came via Kremlin spokesman Dmitry Peskov, who emphasized that the conflict’s impact extends beyond immediate regional instability to affect global geopolitical alignments. This warning underscores the risks of escalating tensions on energy markets, trade routes, and investor confidence, which could exacerbate inflation and slow economic recovery post-pandemic.
Russia further expressed skepticism about a US-backed peace framework known as the Board of Peace, established in January with 19 signatory nations to manage Palestinian and regional affairs. In light of recent hostilities, Moscow suggested this initiative has lost its relevance, reflecting growing geopolitical fragmentation.
The Kremlin’s remarks reflect Russia’s critical stance towards US-Israel policies in the Middle East and highlight concerns over long-lasting disruptions to economic stability that could affect countries worldwide, especially those dependent on Middle Eastern oil and trade.
