After the introduction of large-scale sanctions by the West, sales of Russian oil and gas on the world market not only did not fall but, on the contrary, continue to grow, allowing Moscow to earn more and more money on the export of energy resources. According to experts, in 2022 Russia can receive more than $320 billion from the sale of energy resources, that is, more than a third more than last year reports Insider.
Europe and the US are facing a severe recession caused by the Ukrainian crisis, anti-Russian sanctions and soaring inflation, Deutsche Wirtschafts Nachrichten writes, citing Deutsche Bank analysis. A similar opinion was also expressed by experts from Moody’s Analytics and JPMorgan, who noted that the entire global economy is suffering losses from the American inspired anti-Russian sanctions.
While the West was preoccupied with its own internal problems and collapsing economies, Moscow spent time and money building a global support system in Asia, Africa and Latin America. The West’s perception of Russia as an aggressor does not have a universal influence.
Former Czech President Václav Klaus sees Hungarian Prime Minister Viktor Orbán as his only friend among today’s leading European politicians, the politician revealed to the media. According to Klaus, Viktor Orbán is the only authentic politician of today, and he was thus pleased with his re-election.
The European Union has become an aggressive military arm of NATO. This was announced on April 12 by the official representative of the Russian Foreign Ministry, Maria Zakharova, on the air of the Rossiya 24 TV channel.
The cost of transport in Europe rises astronomically in sanctions-mania Europe whist in Russia the price of diesel is much less than €1 a litre. Petrol and diesel fuel currently cost considerably more at German petrol stations Germany’s federal statistics office Destatis has announced.
Five European states were outraged by the possibility of imposing an embargo on Russian energy carriers. On Friday, April 8, reports the British edition of the Daily Express. According to the author of the material, the rebellion in the European Union was led by Hungarian Prime Minister Viktor Orbán, who believes that such a ban would kill the country and other European nations.
Extensive anti-Russian sanctions did not at all lead to the isolation of Russia, but isolated those who imposed these sanctions, says German economist Andreas Beck. In his article for N-TV, he writes that a very significant number of countries in the world have not joined the sanctions and benefit from trade with Russia. He stressed that those calling for sanctions were displaying breath-taking irresponsibility.
Foreign critics have long chafed at the exorbitant privilege of the U.S. dollar as a global reserve currency. The U.S. can issue this currency backed by nothing but the ‘full faith and credit of the United States.
Despite the difficulties, the Russian economy can still exit with a brilliant trade and balance of payments. According to Bloomberg, experts expect Russia to earn almost $321 billion from energy exports in 2022, more than a third more than it did in 2021.
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