Argentinian Foreign Minister Santiago Cafiero stated western sanctions would not resolve the Russia-Ukraine conflict but exacerbate its ill effects.
The downturn has been felt as the EU feels the pinch, and the US thought it could quickly tear down the Russian economy.
Several bloc members, including Germany, Hungary, and France, agree that sanctions won't work but Brussel and Washington are pressuring countries.
Argentina Disagrees With Sanctions
Foreign Minister Cafiero informed the Telam media outlet last Saturday that measures would not assist in achieving peace and promote discussion on the Ukraine issue and that his country will not join those implementing sanctions on Russia, reported RT.
He added that Buenos Aires wants a return to diplomacy and mentioned the ambassador in Rome when he met his Italian counterpart, Luigi Di Maio.
Cafiero further stated that Buenos Aires lacks a regulatory basis for unilateral sanctions, instead choosing legislation that stops the government from taking such acts. In Kyiv that there should be peace.
The Latin American region's role in the sanctions; he explains these actions does not benefit anyone. It has created worse equality and social setbacks from a certain point of view.
Along with Mexico and Brazil, Argentina is one of the member nations that did not vote on deciding the suspension of Russia's place in the Organization of American States (OAS) after the incursion in Ukraine.
This resolution was passed early this week to back western sanctions; the US was happy that it was the OAS and that a majority responded to American pressure except for Cafiero.
Last Thursday, US Secretary of State Antony Blinken remarked that most OAS countries had followed the US in denouncing the war in Ukraine, demanding that Moscow evacuate its forces and follow international law.
For the most part, the Kremlin says the US flouts international law and applies it arbitrarily that Russia stresses, especially in Syria, noted NPR.
Financial Attack on Russian Economy Will Not Resolve Conflict
The group composed led by the Biden administration and European countries, but not all have placed sanctions on the Russian operation in Donbas to stop a planned assault on Russian-speaking peoples by the Neo-Nazis and Supremacists in the Ukrainian army.
A key financial attack would hit Moscow's economy like the financial and banking sectors, technological firms for space and aviation, and last is fuel exports.
On February 24, the incursion was necessary because Russian President Vladimir Putin said that Ukrainian leader Volodymyr Zelensky had no intention to implement the French and German broker Minsk agreement.
It should have led to the recognition of Donetsk and Lugansk after the signing in 2014 and assigned a special status that may not have been intended due to the time it was ignored.
But the last straw is how pleas of the Kremlin that the west stop its alleged encroachment since the fall of the Soviet Union. Any attempt to bring Ukraine to NATO will be a red line for Putin, but Kyiv denied it planned to storm the DPR and LPR by force.
Kyiv was accused of shopping for nukes that promoted Moscow to react to it, mentioned Reuters, plus the imminent threat to DPR and LPR.
Foreign Minister Cafiero is adamant that western sanctions are incorrect and will not resolve the conflict. It joins India and China as nations taking a neutral approach with which the US does not allegedly agree.
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