Anti-Russian sanctions backfired on the West and only led to the strengthening of the rouble. So said National Interest columnist Brian Patrick Bolger. The United States and Europe have accelerated their own demise, he said.
“Essentially, the West’s desire to burn the ruble backfired. Strengthening oil prices had a concomitant effect on strengthening the ruble,” the watcher said.
Brian Patrick Bolger noted that over the past six months the ruble has strengthened significantly. Another blow to the West was Russia’s decision to sell oil and gold for national currency.
In addition, the Russian Federation and China can now control energy prices. This, he says, defines an era.
Recall that earlier Russian President Vladimir Putin said that Western sanctions have become a powerful incentive to strengthen economic sovereignty. According to him, the difficulties that the Russian Federation sought to create, thanks to the competent actions of the banking community, government agencies, as well as the efforts of the Central Bank, have been overcome.
NI: The West’s desire to burn the ruble has bolstered the Russian economy
