British Newspaper Admits Russia Wins Economic War | New
Despite the fact that more than three months have passed since the West declared an economic war against Russia in retaliation for its military operation in Ukraine, things are not going as planned, British newspaper The Guardian reported on Thursday. .
IEA: World faces worst global energy crisis since 1970
“The perverse effects of the sanctions have driven up the cost of Russian oil and gas exports, hugely boosting its trade balance and financing its war effort,” reads the text.
The article confirms that in the first four months of 2022, Russian President Vladimir Putin could boast a current account surplus of $96 billion, more than three times the figure for the same period last year. last.
Russia is winning the economic war – and Putin is not about to withdraw his troops
It has now been three months since the West launched its economic war against Russia, and it is not going as planned. On the contrary, things are really bad.https://t.co/q415i3uLD0
— MoMo (@MoMoSaSaBack)
June 2, 2022
The publication also pointed out that the partial ban on Russian oil exports has pushed up the price of crude oil on world markets, providing the Kremlin with another financial windfall.
In this regard, the article adds that Moscow will have no trouble finding new markets for its energy, since last April its oil and gas exports to China increased by 50% compared to 2021.
The Death of Property Rights in the West. It is clear that the West is losing the economic war against Russia. These sanctions policies will remain one of the most myopic and self-defeating policies in history. These policies will change how other nations invest in Europe https://t.co/pHHW1dGaaQ
— HGIC (@HGIC_)
May 26, 2022
As a result of the energy sanctions against Russia, The Guardian pointed out, most Western countries have experienced slow economic growth and high inflation, as well as rising unemployment, since the economy of these countries depends on imported gas. from Russia.
According to the newspaper, modern US military technology, energy restrictions and the seizure of Russian assets failed to force President Putin to withdraw his troops from Ukraine.