The West is looking for ways to cripple Russia’s economy fast due to several attacks on Ukraine. According to the West, Russia was able to carry out these attacks due to Russia’s robust economy in the exportation of oil and gas. This has made the West concerned, as this growth and economic boost would be enough to launch a full-scale attack on Ukraine. In order to prevent further attack on Ukraine, the West has imposed multiple sanctions on Russia, which Russia was able to dodge using clever tactics and loopholes. Such loopholes include the use of decentralized cryptocurrency, in which such sanctions do not apply and transfer fees are low. Another such loophole is the sale of crude oil to other countries at prices lower than the standard $60 per barrel, and then these countries sell it to the West. The EU and G7, after discovering this tactic, have tried to stop the importation of Russian oil, no matter the mask or form it might take, while putting heavy sanctions on Russia. These sanctions seem to have no effect because recent data shows that since Russia’s first attack on Ukraine, the Kremlin has amassed over €700 billion coming in from crude oil and gas sales. Russia has managed to gather this wealth by taking advantage of the loopholes in the sanctions and generating funds to sponsor the war. In addition, Russia has also sent out over 600 sea vessels, which are old enough to be decommissioned but are now referred to as the dark or shadow fleet. This is absurd, as any move the West tries to make, Russia makes two steps forward. They are honestly trying by all means to cripple the economy of Russia, but the question is, will Russia allow them?
Source: Viewers Corner News