Bangladesh decries collateral damage from Western Russia sanctions

G20 countries should make such compensation mandatory, Momen stated.

Read also: India doesn’t want to discuss sanctions against Russia at G20

Bangladesh imports about 95% of its electricity from abroad, so inflation in the country has risen as the price of electricity soared. Momen noted the government is currently trying to control inflation by providing subsidies, but this comes at a subsutantial cost.

The minister also said that “food security is another problem the country is struggling with that the G20 leaders need to tackle.” According to him, Western sanctions imposed on Russia harm developing countries the most.

Read also: Russian airlines continue flying western aircraft despite sanctions

“Next time, when they come up with the sanctions and counter-sanctions, they should at least consult with people like us — the developing countries — to get some idea as how much it will hurt them,” the official added.

“And (G20) should create a mechanism so that the countries that would be hurt- that they should be compensated.”

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