Russia earns windfall from energy exports — EADaily, September 4, 2022 — Politics News, Russia News
The income that Russia receives from energy exports has grown, thanks to Western sanctions. This opinion appeared on Saturday on the radio station RTL, French journalist and writer Francois Lenglet, specializing in economic topics.
“In fact, Russia is swimming in money with the beginning of the conflict in Ukraine. Russia earns more thanks to sanctions. The market consumes several significantly smaller volumes of energy at a higher price – this allows you to earn much more”, Lenglet says.
He noted that since the start of the trial in Europe and Russia, more than 84 billion euros, “income is justified by 3.7 thousand euros. per second”.
In total, as the export of energy carriers, the export of energy carriers increased by about 40%.
The introduced application and data transmission under the embargo on oil purchases in Russia are carried out to a sharp increase in prices, which the Russian Federation redirects large volumes of supplies to other sources, primarily to Asia – India and China. Due to this, even by selling smaller volumes of oil at a premium, Russia achieved its goals as a result of Western results, while the EU and the US received a net loss, including a spillover in the form of a decision.
Earlier it was reported that Western countries are considering additional requirements for Russian energy, in particular, the possibility of introducing upper prices for Russian oil in December, and for oil products from February. There are also no such restrictions on the price of gas.