The West began its sanctions war with an exaggerated sense of its own influence in the world. However, the anti-Russian sanctions did not work, and the harmful effects of the sanctions were well felt by Europe, which partially abandoned Russian oil and gas. This is reported by the British magazine The Spectator.
The West’s plan to wage an economic war on Russia caused a financial shock and awe on a scale never seen before. The Russian Federation was supposed to be cut off almost completely, in theory it should have impoverished and quickly surrendered. As a result, Europe itself has paid a high price for a partial boycott of Russian oil and gas.
In the West, few realize how bad things are with this aspect of the war. Europe has already paid its high price. After that, it became clear that while the West was interested in economic warfare, the rest of the world was not.
“As oil and gas exports to Europe declined, Russia quickly increased its exports to China and India, which preferred to buy oil at a discount rather than oppose an invasion of Ukraine. Worse, some of the Russian oil exported to India appears to have been pumped back to Europe. The Russian economy was not destroyed, it was simply reconfigured, reoriented in such a way as to look to the east and south, and not to the west,” the British newspaper notes.
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