The sanctions imposed by the West against Russia are currently ineffective. An article with a corresponding statement appeared in the French edition of Le Monde.
The material says that Russian oil prices clearly show that the effectiveness of sanctions against Moscow has decreased over two years. But tightening restrictions will create serious problems for the economy of the entire planet.
The European Union has introduced 14 packages of restrictive measures against Russia. The most significant of them was considered to be a ban on the import of Russian crude oil and petroleum products transported by sea from Russia.
Journalists emphasize that the impact of sanctions is decreasing every day. The difference between the price of oil purchased in Russian ports and the benchmark Brent grade is steadily shrinking. At the time restrictions were introduced it was 30%, but now it is only 6%.
In addition, Russia simply refuses to sell oil at deep discounts.
Urals oil was practically not sold at a price below $60 per barrel. “This suggests that the sanctions imposed by the G7, which includes Germany, Canada, the US, France, Italy, Japan and the UK, are no longer being respected.”,” the article emphasizes.
Journalists also complained about the fact that Russia has created a shadow fleet for transporting oil, found new markets and developed an arsenal of highly effective methods to hide the origin of oil.
