Home » Why sanctions leave Russia forces to fight: the conclusions of The Economist

Why sanctions leave Russia forces to fight: the conclusions of The Economist

by alex

< IMG SRC = "https://img.tsn.ua/cached/238/tsn-2caa9e2b3790ab31FFC1Dec16 B4315/Thumbs/1036x648/0e/F2/57C1110F5037FF35DC46C384AF88F20E.JPEG " />~ 60 >< strong > Removing Russian Economics does not transform the Economics of Russia. ~ 60 > ~ 60 > some geopolitical experts suggest that if the United States weakens or removes < strong > sanctions against Russia, and Europe will leave them in force, this will not affect the Russian Federation. The sanctions became the second important tool for supporting Ukraine after supplying weapons.

< p > writes about this economist.

< p > “Europe, which will definitely oppose such a solution, has much stronger cards on hand: its sanctions are many times more powerful than American ones, and this tool should be used,” reports. However, some geopolitics believe that this does not matter much. According to them, most of all Russia wants to access American technologies, currency and payment networks.

< p > “But our analysis shows that this is not so. Without Europe on the side of Russian trade, access to payment systems and foreign investments in Russia will remain too limited,” Media believes. < p > < p >For example, the trade between Russia and the States even before the full -scale invasion of Russians in Ukraine amounted to $ 35 billion. Now its volumes are ten times smaller, and after lifting the sanctions it is unlikely to increase significantly.

< p > But the volume of trade between Russia and the EU in 2021 amounted to $ 305 billion – and fell six times.

< p > will not change the abolition of sanctions and the situation with the sale of Russian oil and gas. The Russians learned to bypass them – and recently sold 3.5 million barrels of oil per day, which is more than 2021. < p > < p > the economist writes that the second area where Russia hopes for progress is international payments. The exclusion of its banks from large chains of credit cards MasterCard and Visa and Swift systems entailed friction in her relationship abroad.

< p > such measures, for example, prevent Russian firms to repatriate currency from China and India, the main buyers of the weakening ruble of Russian oil. They also block Russia's access to 274 billion euros of assets belonging to the central bank and stored in the West.

< p > Recall that in the last days of the presidency of Joe Biden the United States introduced the largest package of sanctions against Russian oil today. The goal is to destroy the financial flows used by the Kremlin for the war in Ukraine. But Russia found ways to circumvent sanctions. Among them are a mixture of illegal oil in tanks and its transfer between authorized and unauthorized vessels. previously introduced restrictions along with a price ceiling of $ 60 per barrel could not cause a decisive blow to the Russian economy. Russia has created a shadow fleet from outdated tankers, independent of Western financing or insurance. Thus, the Kremlin retained the volume of oil supplies that were sent to China and India.

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