According to Andrey Klimenko, head of the monitoring group of the Black Sea Strategic Research Institute, the Russian economy has weathered international sanctions and changed course.
Russia earns from its exports from the Black Sea ports and spends its income on the continuation of the war in Ukraine. Despite international sanctions and energy embargo, the Black Sea has become a new source of income for Moscow. Andriy Klimenko, head of the Black Sea Strategic Studies Institute monitoring group, expressed this at the Crimean Platform Expert Network International Forum on July 18.
According to him, since March this year, the Russian Federation has been receiving 5 million tons of crude oil and 4.5 million tons of diesel every month from Black Sea ports.
“Russia is ready for a long war. The economy has resisted and reoriented. The Black Sea becomes a source of income for Russia and allows the war to continue.”
He noted that the embargo on Russian oil has been in effect for the seventh month, and the number of violators has only increased. According to him, several dozen tankers a month make direct flights to the ports of the United States, Belgium, Spain, Greece and other countries.
Andrey Klimenko said, “Partial economic isolation of a great state like Russia seems impossible. One-fifth of the world economy will stop.”
Recall that the embargo on Russian oil supplies to Europe has been in effect since December 5, 2022. The price of oil from the Russian Federation was limited to about $60 per barrel.
Important
Therefore, the EU, UK, USA, Canada, Japan and Australia only offer services related to Russian tanker oil if purchased at or below the established marginal price. Since February 5, the purchase of Russian oil products has also been banned.
Also remember that, according to Spiegel magazine, India and Turkey helped Russia export oil. Ports in India receive about 70 tankers of oil each month from the Russian Federation.
On July 7, it was reported that the EU is assessing how the sanctions affect the Russian economy. Representatives of the European Commission believe that the restrictions seriously undermine Russia’s industrial and technological potential.
Source: Focus
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