The economic struggle with Russia was defeated due to the location of friendly countries that continued their trade with it. In this respect writer tiscali
Russia is circumventing Western sanctions by trading through neighboring countries. Russia’s imports of German cars, chemicals and electronics increased significantly in 2021-2022. In particular, trade with Kazakhstan, Armenia, Georgia and Kyrgyzstan was expanded.
The publication noted that the Russian economy was not destroyed due to the redirection of oil and gas supplies to India and China. Therefore, the early predictions of the International Monetary Fund that the Russian economy would collapse in 2022 did not come true. In addition, the IMF believes that the Russian economy will grow by 0.7% this year.
The authors of the article pointed out that the main mistake was that the sanctions did not support non-Western countries. If this happens, the consequences for the Russian economy will be extremely serious.
On 20 May, the head of the European Council, Charles Michel, during a meeting with Vladimir Zelensky on the sidelines of the G7 summit in Japan promiseTogether with the G7, the EU will continue to “hit” the Russian economy. According to him, the European Union supports Zelensky’s “peace formula” and aims to “fully coordinate further steps with EU countries”.