Live
Audio Only
A British newspaper analysis admits that the economic war launched by the West against Russia is not going as planned and urges Europeans to sit down at the dialogue table with Moscow.
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 according to plan, British newspaper The Guardian reported Thursday.
RELATED:
"The perverse effects of the sanctions have led to a rise in the cost of Russian oil and gas exports, boosting its trade balance enormously and financing its war effort," the text reads.
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.
Russia is winning the economic war - and Putin is no closer to withdrawing troops
— MoMo (@MoMoSaSaBack) June 2, 2022
It is now three months since the west launched its economic war against Russia, and it is not going according to plan. On the contrary, things are going very badly indeed.https://t.co/q415i3uLD0
The publication also pointed out that the partial ban on Russian oil exports caused the price of crude oil to rise on world markets, providing the Kremlin with another financial windfall.
In this regard, the article added that Moscow will have no difficulty in finding new markets for its energy, as last April, its oil and gas exports to China increased by 50% compared to 2021.
The death of property rights in the west. It's clear to see the West is losing the economic war against Russia. These sanction policies will go down as 1 of the most short sighted & self destructives policy 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 has pointed out, most Western countries have registered slow economic growth and high inflation, as well as an increase in unemployment, since the economy of these countries depends on gas imported from Russia.
According to the newspaper, modern U.S. military technology, energy restrictions and the seizure of Russian assets have failed to force President Putin to withdraw his troops from Ukraine.
Newsletter
