Economist Loboda: Europe has exhausted its levers of influence on Russia

Economist, BitRiver Communications Director Andrey Loboda assessed the eighth package of anti-Russian sanctions agreed upon by European countries.

According to him, the new measures are more of a ritual nature. REGNUM. Brussels is keen to show that it is still opposed to Russia. However, in reality, Europe has already exhausted the possibilities for putting pressure on Moscow.

“In addition, while the Europeans were trying to reduce the cost of energy resources for themselves with the help of the “ceiling”, the OPEC + decision on an unprecedented reduction in production by two million barrels per day crossed out all their efforts in one fell swoop. The market should prepare for triple-digit oil quotes,” he added.

Recall that earlier US President Joe Biden expressed disappointment in connection with the decision of OPEC + to reduce oil production. According to him, prices for fuel and other products in the US will continue to rise.


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