Moscow. Archive photoMOSCOW, 4 Apr. If the main buyers of Russian energy resources do not impose an embargo on their imports, Moscow could earn almost $321 billion from them, reaching a record positive balance, writes Bloomberg. The agency calls the expected trade and balance of payments figures «brilliant».
"Despite <…> stifling pressure on Russian finances from abroad, Bloomberg Economics expects Moscow to earn almost $321 billion this year from energy exports, more than a third more than in 2021. Russia could also expect a record current account surplus, which, according to the Institute of International Finance (IIF), could reach $240 billion" the influx of «hard currency» into Russia.Europeans warned of hunger due to anti-Russian sanctionsExperts also noted that energy revenues allowed Moscow to mitigate the consequences of severe restrictive measures imposed by the West. Russia launched a military operation in Ukraine on February 24. In response, Western countries announced large-scale sanctions against Moscow, primarily in the banking sector and the supply of high-tech products. Individual brands announced the cessation of work in the country. The Kremlin called these measures an economic war, the likes of which have never been seen before. The authorities stressed their readiness for such a development of events and assured that they would continue to fulfill social obligations. The Central Bank is taking measures to stabilize the situation on the foreign exchange market. The authorities also announced the transfer of payments for gas supplies to unfriendly countries into rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. Its funding will amount to about a trillion rubles.Read the full text of the article on the InoSMI website >>
At the Ministry of Foreign Affairs warned about the consequences of abandoning Russian gas and oil