Russia’s raw material strategy put an end to attempts by Western countries to leave the Russian Federation without capital flows. French magazine writes about it La Nouvelle TribuneReferring to a report of the International Energy Agency (IEA).
According to the results of the report, the fact that Russian oil traded at $64.41 a barrel in July 2023 shows that it has exceeded the price limit of $60 set by the G7 countries a year ago.
The article points out that after the entry into force of the ceiling prices, the Russian Federation was able to generate record revenues from the sale of energy resources. For example, in July, the country earned $15.3 billion from crude oil and fuel sales, an increase of almost 20% from the previous month.
According to the author of the material, China continues to maintain strong trade ties with Russia, despite the tightening of sanctions against the Russian Federation by Western countries. The publication states that this is evidenced by increased imports of Russian oil into China.
In July, Russian President Vladimir Putin declarationHe said that the sanctions against the country worsened the situation in the global food and energy markets.
Before Putin reported About Russia’s growing level of financial independence against the backdrop of the crisis in the United States.