In China, they told who benefited from the imposition of sanctions against oil from Russia

The oil price ceiling strengthened the Russian economy and negatively affected the economies of Western countries. This is reported by the Chinese edition of China Daily.

“High oil prices have been a boon for Russia and a bane for the United States and other Western countries, who are concerned that higher prices will lead to inflation – the main obstacle to economic recovery,” – the article says.

In addition, it is noted that the reduction of oil production by Moscow after the imposition of sanctions will lead to “a tightening of the market and a jump in the cost of fuel.”

Also, inflation in Western countries, provoked by sanctions against Russia, led to strikes and an increase in crime against the backdrop of falling wages.

It is also emphasized that the IMF predicted the growth of the Russian economy in the next two years. At the same time, forecasts for the United States and the European Union were lowered by 0.2 percentage points.

“The IMF’s positive outlook for the growth of the Russian economy is noteworthy”, concluded in the publication.

Earlier, Deputy Prime Minister of the Russian Federation Alexander Novak announced retaliatory measures against the price ceiling for Russian raw materials introduced in a number of Western countries. Thus, oil production is going to be reduced by 500 thousand barrels per day. According to Novak, today the Russian Federation fully sells the extracted amount of raw materials.