Moscow: An article published in the Arab media states that Russia has won the economic war against the West.
An article published in the Arab daily Rai Al-Youm examines the history of the rise in oil prices in the United States and calls it a victory for Russian President Vladimir Putin.
He wrote that Russia’s success in the economic war with the West was due to the skyrocketing oil prices in the United States and the resulting domestic resentment.
Experts say that the West has become a scapegoat in the conflict between the two major parties, there is a strong possibility that the West’s economic wheel will soon stop due to rising fuel prices and the entire region will be in a deep recession. The market will suffer.
Also read: European double standards, record purchases with sanctions on Russia
The claim was also confirmed by the Finnish-based Center for Research on Energy and Clean Air, an independent research center on fuel and clean air. According to a report published in the Research Center, despite the sanctions imposed on Russia by the West, its exports have increased to a record level.
Russia has reportedly earned a record 93 billion euros (98 98 billion) in fuel exports in the first 100 days of the war with Ukraine. The bulk of exports go to European countries, which account for 61% of Russia’s total fuel exports.