It
is noted that the restrictive measures imposed by the United States
provoked a rise in oil prices and a weaker ruble, which together only
strengthened the Russian economy.
According
to the publication, Washington’s sanctions against Tehran have led to
an increase in oil prices by 14 percent since mid-August, which allows
exporters of “black gold” from Russia to significantly increase revenue.
In
particular, the newspaper stresses that the quotations of the Russian
oil companies Rosneft and Lukoil in 2018 rose by 56 and 39 percent,
respectively.
The
ruble, in turn, has fallen in price by 15 percent since April, and the
low cost of the currency means an increase in the competitiveness of
Russian goods.
“Russia
feels much better with high oil prices and a weak ruble. From a budget
perspective, this is doubly positive,” the newspaper said the words of
an expert from investment company Aberdeen Asset Management.
Relations between Moscow and the West deteriorated after the coup in Ukraine and the reunification of the Crimea with Russia. The United States and a number of other countries accused Moscow of intervening and imposed sanctions against it. Russia responded and headed for import substitution. The
Kremlin has repeatedly stated that Russia does not participate in the
internal Ukrainian conflict, and Crimea joined Russia in a democratic
way - during a referendum.
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