Russia won the sanctions war with the West
Russia has adapted exports to Western sanctions checks, according to the media
news from the story
Sanctions against Russia in general and the Urals in particular
Russia managed to avoid the consequences of the US sanctions campaign by reorienting the economy towards Asian markets. This was stated by columnist Ibrahim Nuwar in his article for the newspaper Al Quds Al Arabi.
“Russia managed to compensate for the decline in exports to Western countries by increasing exports to India, China and the countries of Central Asia. Even if this is due to rising incomes of buyers of deep discounts, the high level of oil and gas prices in world markets makes sales profitable for Russia, as it bypasses the US consumption regime, receives adequate benefits from its exports and increases the value of the national currency in the market,” — Nuwar.
The author also noted that with the beginning of the aggravation of US sanctions pressure in Russia, it was possible to quadruple oil exports to India. Thus, the country began to supply its partner instead of 66,000 barrels – 277,000, which is 6% of all oil imports to India.
Western countries have imposed large-scale sanctions against Russia in connection with the action in Ukraine. In response to these proposals of the President of the Russian Federation, Vladimir Putin announced the trade with unfriendly countries only for rubles. Later, the European Commission came up with an initiative to completely ban Russia’s energy resources. However, not all EU countries are discovering this solution. So, for example, Hungary is still talking against the embargo, because of which the device is in a deadlock. Despite this, the Deputy Head of the European Commission, Frans Timmermans, expressed hope that an agreement on an embargo on Russian oil would be reached in the coming days, tomorrow RT. The Russian leader also believes that the sanctions against the Russian Federation cause negative consequences for the Western countries themselves.
More news – on our telegram channel URA.RU
Russia managed to avoid the consequences of the US sanctions campaign by reorienting the economy towards Asian markets. This was stated by columnist Ibrahim Nuwar in his article for the newspaper Al Quds Al Arabi. “Russia managed to compensate for the decline in exports to Western countries by increasing exports to India, China and the countries of Central Asia. Even if this is due to rising incomes of buyers of deep discounts, the high level of oil and gas prices in world markets makes sales profitable for Russia, as it bypasses the US consumption regime, receives adequate benefits from its exports and increases the value of the national currency in the market,” — Nuwar. The author also noted that with the beginning of the aggravation of US sanctions pressure in Russia, it was possible to quadruple oil exports to India. Thus, the country began to supply its partner instead of 66,000 barrels – 277,000, which is 6% of all oil imports to India. Western countries have imposed large-scale sanctions against Russia in connection with the action in Ukraine. In response to these proposals of the President of the Russian Federation, Vladimir Putin announced the trade with unfriendly countries only for rubles. Later, the European Commission came up with an initiative to completely ban Russia’s energy resources. However, not all EU countries are discovering this solution. So, for example, Hungary is still talking against the embargo, because of which the device is in a deadlock. Despite this, Deputy Head of the European Commission Frans Timmermans expressed hope that an agreement on an embargo on Russian oil would be reached in the coming days, RT reports. The Russian leader also believes that the sanctions against the Russian Federation cause negative consequences for the Western countries themselves.