One ruble coin on one US dollar banknote. File photoCARACAS, Apr 27The restrictive measures of Western countries against Russia will change the international financial system due to the need to maintain relations with Moscow under the blockade, Venezuelan MP Roy Daza told RIA Novosti. «The application of sanctions against Russia and other countries will entail the collapse of the financial market and the emergence of a new one,» said Daza, a member of the Latin American Parliament. Western countries have imposed multiple sanctions in response to the special operation of the Russian Federation to denazify and demilitarize Ukraine. A number of companies announced their withdrawal from the Russian market and the closure of production facilities in the country. Russian Foreign Minister Sergey Lavrov noted that Western companies that refuse to work with Russia did so under enormous pressure, but Russia will solve all the problems with the economy that the West creates for it. According to the Castellum.AI database, Russia has now been introduced the most sanctions measures — according to this indicator, it is ahead of Iran, Syria, North Korea and Venezuela. Since February, the current 2,750 restrictions have been supplemented by more than 6,650 new ones. and fertilizers, which drive both the food market and the financial system. «This (sanctions) could cause the dollar to no longer qualify as a base currency — something that has been talked about in recent months that international trade will be determined by a basket of currencies» — added the politician. According to the International Energy Agency (IEA) for January 2022, Russia ranks third in the world in terms of crude oil production with a total volume of 11.3 million barrels per day. After the start of the special operation in Ukraine and new sanctions against Russia, crude oil prices rose significantly, reaching $139 per barrel at the moment. Foreign Ministry called unfair sanctions against Russia
