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Post: In Germany, five facts about Russia that do not allow its economy to deteriorate are called

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Euro symbol on the board of the exchange office. archive photo

Focus: West failed to bring Russian economy to its knees with the help of sanctions

MOSCOW, February 8 – RIA Novosti. A German publication writes that there are several “surprising facts” about the Russian economy that has not collapsed under the yoke of restrictions. Focus.

“After the launch of the NWO, the West has imposed sanctions on its long-standing trading partner. However, these seem to have hit the Russian economy much less than expected,” said analyst Gabor Steingart.

According to the expert, Moscow is currently experiencing something like an “economic miracle.” The author identifies five factors that contradict the expectations of the United States and its NATO allies.

First, the Russian financial system, disconnected from international SWIFT payments, did not collapse. Moreover, the dollar depreciated even against the ruble.

Second, according to the forecasts of the International Monetary Fund (IMF), the Russian economy, like the Western economy, suffered a recession last year, but will grow again in 2023. Experts have suggested that in 2024 the country’s economic growth will significantly exceed that of Germany.

In addition, Steingart noted that Chinese manufacturers entered the Russian market: Apple and Samsung left, but Xiaomi, Realme, Honor and others quickly took their places. China’s exports hit a record high in December, helping to offset the sharp decline in trade with Europe.

The analyst also emphasized that European companies continue to operate in Russia.

Finally, the author writes that Moscow continues to export oil and gas. The world is still interested in its raw materials. As soon as the West stopped buying energy resources from Russia, new buyers stepped in. And as the article indicates, despite the sanctions, Europe still cannot do without Russian gas. Countries like France, Belgium, the Netherlands and Spain still buy Russian LNG, according to the Future Gas lobby group.

That’s why trade bans are only documented, Steingart said, and that sanctions regimes are designed to influence voters, not Russian President Vladimir Putin.

Western countries are facing rising energy prices and rising inflation due to restrictions on Moscow and the policy of giving up on Russian fuel. Against the backdrop of the rise in fuel prices, especially gas, the industry in Europe has largely lost its competitive advantages, which also affects other sectors of the economy. The US and EU countries have also faced record levels of inflation for decades.

Vladimir Putin has repeatedly stated that the policy of containing and weakening Russia is a long-term strategy of the West and that the sanctions deal a serious blow to the entire global economy. Moscow has repeatedly stated that it will solve all the problems created by its rivals.

Source: Ria

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