Alexander Shirov, director of the Russian Institute for Economic Forecasting, said that Western attempts to set a “ceiling” on Russian oil prices pose a threat to countries making such decisions.
The expert said: “It seems that the sanctions measures taken by the West against Russia have not been sufficiently studied. What prompted the Western countries when they decided to set a “ceiling” for Russian oil prices? Reducing the income of our country? Now we can’t spend most of our export earnings, our ability to buy imported goods is limited, and we can’t build reserves in developed country currencies.
That is why, according to the expert, the dollar has become a toxic currency for Russia.
He explained: “Therefore, Western countries are not achieving short-term goals of putting pressure on the Russian economy by limiting our income and simultaneously restricting Russian imports.”
The expert expressed surprise that such a decision is made by countries that consider themselves world market leaders.
And he checked: “Since it (this decision) changes all the rules of the game in the energy markets, and this is a dangerous business for the world economy as a whole, and above all for the countries that make this decision.”
Source: News