/ world today news/ Russia managed to bypass the West’s financial campaign and win the economic war. Columnist Robert Farley writes about it at 19FortyFive.
According to the author of the material, Moscow has managed to destroy the financial campaign organized by the US and its allies. It continued to supply its energy resources even to consumers in Europe. And the rise in fuel prices allowed Russia to offset the losses from the determined contraction in exports.
Moreover, Western sanctions could not destabilize the ruble. The Russian currency did not collapse, remaining strong against most other currencies, Farley recalled. Inflation in the country has decreased significantly since the beginning of the special operation and is significantly lower than in some Western countries, the expert specified.
At the same time, the initiators of the sanctions faced rising energy and food prices. It follows that the restrictions affect the global economy more than Russia.
The author of the post writes that “Russia has survived for now” – in the short term, to the dismay of the West. “But some of the steps taken by Russia in self-defense have a limited lifespan, and in any case, Moscow has failed to save Russia’s long-term economic prospects.” consoles the author.
Farley believes that if the war had lasted only a few weeks (as many expected), Russia’s preparations might have been able to insulate it from serious economic damage. “Unfortunately for Putin, Russian troops have not been able to win battles on the battlefield quickly enough to save the Russian economy,” strike out everything the author of the post said above.
Translation: ES
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