"More than a
year has passed since the West imposed sanctions on Russia. However, there are
more and more signs that the sanctions are not giving the expected result. Experts see
not only small Russian losses, but even growth trends.
One of the
reasons that led to the collapse of the Soviet Union is called the decision of
the United States to limit the Soviets' access to advanced technologies, as
well as to reduce the prices of Soviet oil and gas. The West imposed similar
and even tougher sanctions on Russia last year. But unlike the Soviet Union,
today's Russia is not falling apart because of sanctions.
"Probably
for a simple reason - because the Russians showed a pretty good ability to get
out of this situation," Vilnius University (VU) associate professor
Algirdas Bartkus told LNK news.
Starting this
year, the Russians are planning economic growth again, even higher than the
economic decline last year, after the sanctions were announced.
"To a
certain extent, one can agree that the Russians have indeed adapted. And not
only in oil products, gas. But also in semiconductors," said Energy
Minister Dainius Kreivys. Since last December, the West has imposed a price
ceiling on Russian oil, Russia's main source of income. And required that Western
tankers cannot transport Russian oil if it costs more than 60 dollars.
Now, a year
later, it is clear that the price ceiling does not work - the Russians sell
their oil at the normal market price - more than 80 dollars.
"This cannot
continue. Because 90 dollars per barrel is the price that satisfies the
Russians. And they can continue to finance everything this way",
emphasized D. Kreivys.
The publication
"Financial Times" announces that this year the supply of Russian oil
has increased by 50 percent.
"Anyway,
that oil and gas sector used to make up about 80 percent of Russia's gross
domestic product (GDP). Even now, it makes up about 80 percent of GDP", A.
Bartkus provided the figure to LNK.
The Russians
simply started transporting their oil on tankers from non-Western countries, so the
price restrictions set by the West are not relevant.
"They have
tried to offer all these services relatively cheaply. Which is why India has
not refused this service. Also, other countries: Turkey, China have just as
successfully supplied themselves with Russian oil", VU docent A. Bartkus
emphasized.
China is now
building gigantic oil and gas storage facilities, and the Russians have been
helped by Saudi Arabia's decision to cut oil production. As a result, the price
of all the oil in the world has increased.
Even European
countries continue to pay the Russians by buying fuel from Russian oil.
Although buying directly is prohibited.
"A huge
amount of Russian oil goes to India, the oil is processed there and the
products in the form of diesel fuel are also sold in Europe", explained
the Minister of Energy D. Kreivys.
Europe also seems
ambiguous about Russian gas. There were many high-profile statements last year
when the European Union (EU) decided to live without the gas supplied by
pipelines from Gazprom. Now, Russian gas goes to Europe by ship.
Half of all
Russian liquefied gas is bought by the EU, the main terminals are in Spain,
Belgium, and France.
"Gas can
come from the United States, Qatar, everywhere else, which would fully satisfy
this need. But no, Russian is taken. Because Russia agreed to supply that gas
after some increases, with some discounts", said the Minister of Energy D.
Kreivys.
In August, China
bought almost half of all Russian natural resources, India - 24 percent, Turkey
- 17 percent, and the fourth largest buyer is the EU, which bought 11 percent
of all Russian fossil fuels.
According to VU
associate professor A. Bartkaus, Western sanctions may even have the opposite
effect - Russians will adapt to living without the West.
"They have
regained all that they had lost within a year. And it seems that even after the
growth, which will already be somehow adapted to the new reality, when
connections and ties with the entire Western world will be minimized as much as
possible", thought LNK news interviewer A. Bartkus.
According to him,
the sanctions have caused a lot of problems for the Russians, but they still
make a profit from their raw materials. Just not as much as they used to earn
selling to Europe."
Meanwhile, in the West, sanctions against Russia have raised
prices. Western voters are hugely dissatisfied with this, throwing the
Western politicians responsible for these sanctions out of their jobs.
Komentarų nėra:
Rašyti komentarą