The NYT Warns of Stock Market Collapse Due to US Sanctions Against Russia

The potential US sanctions against Russia could trigger "financial panic" and cause significant harm to the global economy, writes RIA Novosti, referencing the New York Times.

The authors of the article believe that the restrictions on Moscow could disrupt the economies of developed countries, especially European nations, and pose a threat to the stability of the global financial system.

"Extremely harsh sanctions that US officials are threatening to impose against Russia could lead to high inflation, result in a stock market collapse, and other forms of financial panic. They could also harm Americans, from billionaires to government officials and middle-class families," the publication states.

It has also been suggested that Russia may take countermeasures, such as limiting gas supplies to Europe.

Reporters from the American newspaper criticized Washington's rhetoric, noting that previously no one had attempted to impose massive sanctions against major economies like Russia.