Russia will Continue to Increase Oil Prices in the Western, Putin implied

The next step of Russia in the economy war

Russian President Vladimir Putin has stated that sanctions imposed on Russia will have a negative impact on the West, including higher food and energy prices, and that Moscow will emerge stronger.

Putin stated that there was no alternative to Russia’s “special military operation” in Ukraine and that Russia could not accept losing its sovereignty for the sake of short-term economic benefit.

“These sanctions would have been imposed in any case,” Putin told a meeting of the Russian government on Thursday. “There are some questions, problems and difficulties but in the past we have overcome them and we will overcome them now.”

“In the end, this will all lead to an increase in our independence, self-sufficiency, and our sovereignty,” he told in a government meeting two weeks after Russian forces invaded Ukraine.

Putin warned Russians that Western sanctions are counterproductive and that the nation can survive in this “economic war” against its banks, businesses, and business oligarchs.

Recently, the European Commission announced plans to become independent of all Russian fossil fuels “well before 2030” and to reduce its dependence on Russian gas by two-thirds by the end of this year, in response to Russia’s invasion of Ukraine.

In addition, in punishment for Russia’s increasing aggressiveness in Ukraine, the US put an immediate ban on all Russian oil and other energy imports.

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