The Russian economy strengthened thanks to the oil price ceiling, but at the same time it had a negative impact on the economies of Western countries. This is reported by the Chinese newspaper China Daily.
According to the publication, high oil prices allowed the economy of the Russian Federation to grow, but the economy of the Western countries fell into decline. Moreover, in various Western countries, prices have risen and the number of strikes and demands of citizens has increased.
“High oil prices have been a boon for Russia and a bane for the United States and other Western countries, who are concerned that higher prices will lead to inflation, the main obstacle to economic recovery,” the Chinese edition reports.
It is reported that after the imposition of sanctions, the Russian Federation will reduce oil production, which will lead to a tightening of the market and a huge jump in fuel prices. In Western countries, high inflation is expected, which is increasing and has already led to strikes and an increase in crime. This is due to the fact that wages have fallen sharply in Western countries.
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