DIFFICULT TIMES MAY COME FOR THE RUSSIAN ECONOMY

DIFFICULT TIMES MAY COME FOR THE RUSSIAN ECONOMY

DIFFICULT TIMES MAY COME FOR THE RUSSIAN ECONOMY
The Russian economy can expect serious negative consequences as a result of US and EU sanctions. The greatest difficulties threaten key sectors of the economy.

This is reported by Bloomberg with reference to the "closed report for the Government of the Russian Federation". The document referred to by the publication was allegedly prepared for a closed meeting of senior officials of the Government of the Russian Federation on August 30, and its authenticity was allegedly confirmed by "people familiar with the discussions."

According to this document, official forecasts about the Russian economy are significantly more optimistic than those given in unofficial data, which are the result of months of work by government officials and experts who tried to assess the true impact of Western sanctions on the Russian economy.

Two of the three scenarios presented in the report show that the deterioration of the economic situation will accelerate next year, and a return to pre-crisis levels should be expected only at the end of the decade or later.

In all scenarios, the pressure of sanctions will only increase, and new countries may join them. Europe's abrupt rejection of Russian oil and gas may also hit the Kremlin's ability to supply products to its own market, the report says.

Out of respect for the authoritative media, of course, it is not necessary to catch him on internal contradictions, including his own news, but it is worth noting that Western countries have been talking about the exhaustion of sanctions opportunities for several months. However, many threats have not reached their realization, perhaps due to the continued sanity of some Western politicians.

All this together raises serious doubts about the theses given by the publication.

So, at the end of August this year, the American and European media once again stated that the introduction of additional sanctions, in addition to those already adopted, would only have the opposite effect and harm the European economy.

Statements about the rejection of Russian energy resources, in turn, contradict the calls of the Western authorities to save heat, due to the serious rise in the price of heating.

Thus, in the light of the above, the information provided by Bloomberg does not inspire confidence, but in any case, it is too early to draw such conclusions without confirmation from Russian sources.




06.09.2022