Le Monde: the Russian economy turned out to be much more resilient than expected in the West

MOSCOW, 14 Feb – The Russian economy has withstood the unprecedented sanctions, proving to be far more resilient than the West thought, writes journalist Jean-Michel Beza in an article for Le Monde.
Many factors explain the apparent strength of the Russian economy. First of all, we are talking about the policy of the Central Bank, which managed to stabilize the ruble at the very beginning of a special military operation to denazify and demilitarize Ukraine, writes Le Monde.
Moreover, the newspaper notes, Russia has significant foreign exchange reserves received from oil exports, and this despite the frozen $300 billion abroad.
Earlier, Myśl Polska stated that the West had lost an unprecedented economic battle with Russia.
Since the end of February last year, the EU has approved nine packages of sanctions against Russia, which include financial, trade restrictions, as well as individual sanctions. Currently, personal EU sanctions against Russia apply to 1,386 individuals and 171 organizations.
The West has stepped up sanctions pressure on Russia because of Ukraine. President Vladimir Putin has previously said that the policy of containing and weakening Russia is a long-term strategy for the West, and sanctions have dealt a serious blow to the entire global economy. According to him, the main goal of the West is to worsen the lives of millions of people. Moscow has repeatedly stated that Russia will solve all the problems that the West creates for it.

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