Gascade gas compressor station in Eisleben. Archival photoMOSCOW, 15 Apr. Western sanctions on Russia do not stop it, and their strengthening will cause great economic damage to the United States and Europe, writes Business Insider. According to the publication, crude oil exports from Russia are actually growing: thanks to demand from India and long-term contracts with China, Moscow is exporting more » black gold.» Thus, despite the unprecedented attempts by the West to stop Russian energy exports, there is still enough demand elsewhere to support this sector of the economy.WP: Anti-Russian Sanctions Could Help US Economic Downturn In addition, the EU has taken a softer stance on Russian energy than other allies, which Business Insider writes is likely due to its reliance on natural gas and oil from Russia. “European countries could completely ban Russian energy, but this would lead to a sharp rise in prices. It could also exacerbate the inflation problems that the region is already facing,” the publication notes. Thus, problems with supply chains and high energy prices are almost are likely to increase the cost of transportation, affecting all types of goods and further widening the gap between supply and demand. Crude oil and natural gas also play a key role in many industrial processes, such as fertilizer production, the article says. all over the world. Increasing restrictions on Russian energy resources could cause a chain reaction that will exacerbate inflation in the entire Western economy,» Business Insider concludes. After the start of the Russian military special operation to demilitarize and denazify Ukraine, the West stepped up sanctions pressure on Moscow. Restrictive measures are directed primarily against the banking sector and the supply of high-tech products. Calls to reduce dependence on Russian energy resources have become louder in Europe. All this has already turned into economic problems for Western countries, causing an increase in fuel and food prices. in the West
