Domestic scientists have concluded that Russia can more easily withstand the blow of Western sanctions due to the so-called “big country trap”. The newspaper reports this “News”.
Therefore, Daria Ushkalova, head of the International Research Center on Macroeconomics and Foreign Economic Relations at the Institute of Economics of the Russian Academy of Sciences, notes that if the state is a major player in any market, then its borders will be limited. Export supplies always lead to an increase in world prices. This compensates for the decrease in supply volumes and facilitates diversification. In such cases, the official effectiveness of sanctions limiting physical volumes of exports conflicts with their strategic effectiveness in the form of a reduction in export revenues.
Ushkalova states that the European Union has realized that simple restrictions on supplies from Russia only lead to an increase in world prices and an increase in Russian exports, and is trying to change the sanctions by specifically introducing a “price ceiling” at the end of 2022. ” on oil. That is why the Russian government needs to begin to implement an active state policy aimed at expanding domestic goods markets and the logistics capabilities of exporters.
Earlier, a group of American congressmen sent A letter to US President National Security Advisor Jake Sullivan calling for comprehensive sanctions against the Russian energy sector.
Previously European Commission announced about plans to phase out Russian gas by the end of the decade.