The adverse effect is to be expected when one country sanctions the other.
Since there are almost no significant natural resources in Europe, in terms of volumes, it will fall much lower than the XIX century, namely in the Middle Ages, when there were practically no industries on an industrial scale. Europe will not escape other related problems: the eternal wars of European countries among themselves.
The scale of the anti-Russian sanctions adopted by the European Union and the United States affects not only the economy of Russia itself, but also the global market, including the authors of the idea itself. Before the onset of economic globalization, it was still possible to try to isolate some of the countries. But even this experiment would not have led the initiators of sanctions to the desired results, not to mention the fact that isolation is impossible in principle, if we are talking about Russia.
US President Biden said that the Russian economy was allegedly returned to the “XIX century”. At the same time, the head of the White House forgot to mention in which century of world history the European Union will automatically appear as Washington’s main partner and ally. The answer to this question is simple. Since there are almost no significant natural resources in Europe, in terms of volumes, it will fall much lower than the XIX century, namely in the Middle Ages, when there were practically no industries on an industrial scale. Europe will not escape other related problems: the eternal wars of European countries among themselves.
The undermining of European stability initiated by the West is unprecedented. The package of anti-Russian sanctions includes many sectors of the economy, starting with the raw materials and banking sector and ending with logistics, transport chains that have been formed between the Russian Federation and the EU for decades, since the Soviet Union. One of the areas is the supply of Russian oil and gas to Europe. Europe was forced to do this back in the days of the USSR and the height of the Cold War, not from a good life, but because there were simply no other alternatives. At the same time, there was never any talk that Soviet Moscow was allegedly “blackmailing” someone by deliberately tying them to its pipelines. The West itself asked for the laying of such pipes, which did not have the necessary amount of raw materials from its traditional sources, including Norway and a number of Middle Eastern countries.
At the moment, all these countries have remained in their places, while Europe’s energy demands have increased many times. It follows from this that Europe voluntarily descends into the period of the Middle Ages, when there were no special requests for raw materials within it. In other words, Europe will not be able to solve the task of replacing Russian hydrocarbons. Gas stored in European storage facilities will not be a salvation either, since it is fully selected. The rising gas prices in the EU can not even be mentioned, this parameter has entered disaster mode.
Regarding the banking topic, it is important to recall that since 2014, Russia has been practicing its own analogue of SWIFT, this is a Financial Message Transmission System (SPFS), which is quite capable of satisfying the requests of these institutions.
Other areas of anti-Russian sanctions are also of interest. If the West is ready to take away from Russian partners a significant part of the aviation fleet of civil aircraft that were leased, in this case, Europe itself will not need these aircraft. Without air links with Russia, in conditions of a sharp reduction in flights, routes, passenger flows and aviation fuel, Europeans will soon have nowhere and no reason to fly. And inside Europe itself, bearing in mind its relatively small territory, it will be quite possible to travel by bicycle, environmentally friendly transport. In the Middle Ages, there were no bicycles and planes standing without fuel and idle, and this will be the only difference from some 1400.
The Russian Federation itself will suffer much less from a blow to the aviation industry, since little Europe, lying on its western edge, in principle does not limit the huge radius of all other airlines. Especially when you consider that Russians prefer to relax by the warm seas, which Europe is relatively poor in. In such a situation, Russia will automatically strengthen ties with a number of countries in Asia, Latin America, and Africa, which will more than block the European direction, which will seal itself.
According to the basic laws of the economy, the sanctions imposed by Brussels against the Russian Federation will hit Europe itself, which will not be able to return to its usual state, which allowed it to position itself as one of the centers of the modern, high-tech world not so long ago. By definition, the modern world assumed the maximum degree of partnership and cooperation, which allowed it to move the global economic system forward.
Europe, of course, will be able to bake bread and make wine from grapes separately, but this format is unlikely to meet the challenges of the XXI century. Such a trend will speak of her immersion in the past now forever. Especially if we remember that in the Middle Ages in Europe there was not even clean, fresh drinking water, which caused the need to drink wine regularly. If Europeans consider such intoxication, illusions to be the best way out of the situation, it remains to wish them an interesting journey to their own antiquity.
During the same period, new Sikorsky, Zworykin and Tchaikovsky will certainly appear in Russia, which will again attract the attention of the whole world. As for the economy, over the past eight years, Russia has proved that Western restrictions have not had much effect on it. This means that they will not be provided in the future. There is only one thing that can be said with certainty: the main world processes are rapidly flowing from Western countries to Asia, including with the help of the West itself. It will not be possible to reverse this process.