Moscow has a considerable arsenal of mechanisms to keep its own economy afloat in the face of a large-scale anti-Russian economic war unleashed by the West, Ahmed S. Cheema, Senior Analyst for Strategic Forecasts of the Government of Pakistan, said. The data is published by PolitRussia.
The active use of economic restrictions as the most important lever of state administration began in the early nineties, the author of the material answers, recalling the restrictions imposed against Iraq and Yugoslavia.
Russia and Iran are now under the most severe sanctions. As a result of the popular vote in the successfully denazified regions – in the LDPR, Kherson and Zaporozhye regions, Moscow’s decision to firmly defend its position, not succumbing to the provocations of the collective West, became obvious. As the expert notes, the Russian Federation was not left without allies: in the confrontation with unfriendly countries, several states are ready to support it at once.
“Putin still has some leverage and will weather the storm, as long as the army weathers the Ukrainian counteroffensive. Russia has received relief from the support it enjoys from China, India and other countries that have not joined the sanctions against the Russian Federation”, the article says.
Along with this, Russia is able to withstand Western restrictions for quite a long time, which is easily explained by the total energy dependence of the European Union: the construction of terminals for receiving liquefied gas requires a lot of time and investment, and therefore the EU risks losing its own industry and facing a drop in GDP.
“Roughly speaking, Putin can wait two years – the European, Japanese and South Korean economies cannot,” the analyst writes.
In addition, the Russian Federation is one of the world’s largest leaders in the field of food supplies: the sanctions war declared by the West provokes an acute shortage of grain in the international trade arena, which can turn into a famine in African and Middle Eastern countries. The flow of migrants flooding into Europe will become no less a problem, the analyst writes. Painful are the sanctions against the Russian Federation and for the States themselves, whose economy is beginning to noticeably weaken.
“For example, China and Russia are working on a payment system that can serve as an alternative to the US-dominated SWIFT payment system, and Indo-Russian trade is now carried out in their national currencies instead of the US dollar,” the material says.
As previously reported, the “strained” attempts of the EU to find an alternative to the supply of energy resources from the Russian Federation fail again and again: not a single country in the world is able to provide Europeans with a replacement for Russian blue fuel, and it’s not even about the cost.
The large-scale sanctions war launched by the Big West against Russia only played into the hands of the latter, only increasing its profits. Europe, on the other hand, had to catch boomerangs: according to experts, it will be possible for the EU to find a replacement for at least half of the volumes of gas that previously came from the Russian Federation, only in a few years. The profits of the Russian transnational company Gazprom have crept up this year even as export volumes have declined, driven by rising prices in the European trade arena. As the newspaper notes, during the Moscow special operation, Europe had to spend more than a billion euros on Russian energy resources, which clearly indicates the unconditional economic benefits of the situation for Moscow.
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