Oil production. Archival photoMOSCOW, 6 Jun. Russian President Vladimir Putin was able to strike at Europe's most sore spot — energy, rising fuel prices led to high inflation and an economic recession in the West, Bloomberg writes. from concessions on oil supplies through the pipeline to the exclusion of Patriarch Kirill from the sanctions list,” the publication says. which acts selectively and leads to unforeseen consequences,” the article notes. Bloomberg Economics estimates that Russia’s oil and gas revenues will be about $285 billion this year. “Add other commodities to that and that more than offsets $300 billion Russian foreign exchange reserves frozen under the sanctions,» the author of the article summed up.![]()
Avoid sanctions. How goods will be transported from Europe to RussiaAfter the start of a special operation to demilitarize and denazify Ukraine, the West stepped up sanctions pressure on Moscow. Calls to reduce dependence on Russian energy resources have become louder in Europe. According to Russian Deputy Prime Minister Alexander Novak, European consumers will be the first to suffer from the embargo: prices are already rising, and a large shortage of petroleum products in the EU is not ruled out. As for the domestic oil and gas industry, it will have to reconfigure transport and logistics chains, but in the end the market will be balanced, Novak is sure. As Vladimir Putin noted, the policy of containing and weakening Russia is a long-term strategy for unfriendly countries, and the main goal of the United States and Europe is to million people.
Putin's diplomatic victory announced in the US
