Analyst Demidov: Russia’s unwitting ruse on Russian oil hurt the West

The European Union, at the suggestion of Uncle Sam, is trying to abandon Russian oil and refined products. However, the Western media recognized the manipulation of the embargo and the price cap as a disastrous affair for the sanctions authors themselves. While their caravan barks, Russia continues on its way. How strong is it, explained independent analyst Vladimir Demidov.The Wall Street Journal called the sweeping import restrictions on Russian crude oil and its processing products a failure. The West, which decided to punish Moscow, found itself in a big puddle. At the same time, the Russian economy has not collapsed, but, on the contrary, is flourishing, according to analysts. Admittedly, Vladimir Demidov, an independent expert on the international energy and resource market, is not so poetic in his assessments of the situation.“I don’t agree that the economy is booming. Indeed, it has not sunk as much as the economy of Western countries. Moreover, this year and next year, the growth of the Russian economy is expected, although it is weak, but it is higher than the average for Europe and even the United States. This is the realization that we have. The situation is better than in countries that have imposed sanctions on Russia,” the PolitExpert source said. Demidov recalled that a year ago the world’s leading economic publications predicted the inevitable collapse of Russia with its 2% in the world economy. Unhappy oracles predicted that the system would not survive. However, Moscow showed the world an unexpected feint.”I don’t think this is a deliberate ruse by Russia, it’s just that Western economists, with all the loftiness of thought, unfortunately, did not understand how integrated the Russian economy was into the world economy. It supports more than 30 percent of the world economy with its resources. Experts did not take such a simple fact into account,” Demidov recalled.Wanting to sink Moscow, the West with its sanctions itself went to the bottom. True, each firefighter prepared a lifeline in advance.“Europe always leaves windows through which these sanctions can be circumvented. For example, India and China. It is already known that the PRC supplied Europe with almost 15% of almost annual gas consumption. There is India and Turkey, through which European countries buy, let’s say, surplus oil and petroleum products. They are taken, most likely, and Russia. All this comes with a supplement from these countries, which, of course, is more expensive than buying in Russia. Western countries suffer more from their sanctions,” the analyst concluded. Russian tankers calmly survived the severance of ties with Europe and quickly turned to new customers – the countries of North Africa. This was confirmed by experts from the international analytical company Kpler, which covers more than 20 global markets of various profiles.