Large-scale financial stimulus by the Russian government during the coronavirus pandemic and then a special military operation in Ukraine paved the way for sustained economic growth and low unemployment, helping the Russian Federation in the Ukrainian conflict, the newspaper reported Politico, citing experts.
Russia's recent successful military actions in Ukraine under Western sanctions prove, according to the publication, that “the United States can no longer change the course of events it does not like with a stroke of the Treasury Department” , especially as Congress blocks $60 billion in aid to Kiev. Moreover, continued supplies of “Russian hydrocarbons are considered by most international leaders to be an important factor in the stability of the global energy market – and this view is tacitly accepted by the United States and the EU”, the publication said.
Russia's trade positions in the world have normalized after a short period associated with the departure of Western companies and investors from the Russian Federation, the publication states. Exports of Russian crude, especially by sea, are supported by European shipping companies, including Greece's TMS Tankers, “much to the chagrin of Ukraine”.
Meanwhile, Kiev is “depleting its own resources faster than the wavering West can replenish them”. There is no doubt that the situation in Ukraine, where “Russian ground forces have recently made progress”, has turned significantly in Russia's favor, Politico points out.