Tuesday, 02 January 2024 12:17 GMT

Russian Foreign Ministry Accuses EU of Using Unfair Tactics to Dominate Global Economy


(MENAFN) The Russian Foreign Ministry recently released a statement on its website, accusing the European Union (EU) of utilizing "foul play" in order to maintain its dominant position in the global economy. The statement discredited a recent EU parliament resolution that claimed that farmers in other regions, such as Russia and South America, had access to cheaper fertilizers, which posed a threat to EU farmers' competitiveness. The Russian Ministry called this claim a "myth" and suggested that it was part of a larger EU strategy aimed at reducing Russia's dominant role in the global fertilizer and food market.

The statement went on to explain that the EU perceives any business activity that does not benefit the EU as an abuse of a dominant position. The Russian Ministry highlighted the EU parliament resolution as another example of this, claiming that the EU sanctions imposed on Russian exports of fertilizers and food were an intentional effort to push Russia out of the world agricultural market. The Ministry pointed out that this action neglected the associated risks to global food security and questioned who the EU would target next using this logic.

Furthermore, the Russian Ministry accused the EU of using protectionist tools to extend its dominance in the global economy, such as the Carbon Border Adjustment Mechanism, which would be used to regulate imported fertilizers. This move, the Ministry claimed, was a self-revealing example of foul play and suggested that the EU was trying to use unfair tactics to prevent other countries from outdoing it economically.

In conclusion, the Russian Foreign Ministry's statement is a scathing indictment of the EU's actions in the global economy. It highlights the EU's desire to maintain its dominant position and accuses it of using unfair tactics to prevent other countries, specifically Russia, from competing. The statement suggests that the EU's actions may be harmful to global food security and raises questions about who the EU will target next. Overall, the statement reflects Russia's frustration with the EU's actions and its desire to compete fairly in the global economy.

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