The introduction of a ceiling on oil prices from Russia will have negative consequences for Western countries in the long term, as it will convince players around the world of the need to move away from Western-centric insurance schemes and financial settlements, the program director of the Valdai Club, associate professor at MGIMO, said in an interview with RIA Novosti Ivan Timofeev.
“The introduced threshold will have negative consequences for its initiators, if considered in the long term, because Russia is not going to give up and is looking for various options for further work. Moreover, the further, the more obvious it will become for the whole world that it is quite possible to live and work like this, that the former Western-centric schemes are quite replaceable. Moreover, just in case, it would be good to have our own alternative schemes”, Timofeev said.
The expert noted that Russia had previously managed to introduce the Mir card system into use as an alternative to Western systems.
“There was also a lot of skepticism about this, but now the system is working,” he recalled. Timofeev believes that non-Western players will now also think about the advisability of moving away from rigid dependence on Western payment systems and transport channels.
“True, one should not think that this will happen all at once,” the expert emphasized.
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