Now, more than 30 years have passed since the disintegration of the Soviet Union, and Russia's economic structure has not improved much compared to the end of the Soviet Union. Their main sources of foreign exchange income are still two, either from selling weapons or exporting n

Now more than 30 years have passed since the disintegration of the Soviet Union . Russia's economic structure has not improved much compared to the end of the Soviet Union. Their main sources of foreign exchange income are still two, either from selling weapons or exporting natural resources such as oil and natural gas. Therefore, the status of the Russian economy follows the international oil price. After the Crimean crisis broke out in 2014, Western countries immediately launched collective sanctions against Russia. At that time, their most important means of sanctioning Russia was to manipulate international oil prices. Later we can see that with the collapse of international oil prices, Russia The gross national product of China was directly cut by nearly half.

After the outbreak of the Russia-Ukraine war, the sanctions imposed by Western countries on Russia were similar. Now they still hope to suppress Russia's economy by cutting off Russia's oil and gas exports, thereby depriving Russia of war resources.

Previously EU countries had launched six rounds of sanctions against Russia under pressure from the United States. Just a few days ago, the G7 summit was held in Germany. According to the latest reports from foreign media, on June 27, local time, the U.S. White House issued the latest statement on sanctions against Russia. They claimed that they would cooperate with other G7 members and More than 30 allied countries around the world are working together to further crack down on Russian individuals and entities, especially military-industrial enterprises.

They are also preparing to impose tariffs on more than 500 categories of Russian goods to help Ukraine , which will ultimately further isolate Russia's economy from the world. Currently, there are more than 1,000 Russian individuals and entities on the sanctions list of Western countries, as well as more than 300 companies.

This statement from the Americans can be said to be self-inflicted. On the one hand, they want to decouple Russia's economy from the world structure, and on the other hand, they want to import such a large amount of goods from Russia. This time they have imposed additional tariffs on more than 500 Russian products, which will undoubtedly further aggravate domestic inflation in the United States.

So in the face of a new round of sanctions from Western countries, can Putin still be able to withstand it? We might as well first take a look at the main commodities exported by Russia. According to statistics, within 2021, Russia's fuel and energy product exports accounted for 54.3% of Russia's total exports. Most of the remaining export products with a larger proportion are agricultural crops, such as soybeans, dairy products, and meat. As well as grain, etc., in addition to fertilizers and rare metals. Therefore, it is not difficult to see that energy products are the mainstay of Russia's exports, and agricultural products are easy to sell.

html After the Russia-Ukraine war broke out on February 24, Western countries claimed that they would crack down on Russia's energy industry. In less than 100 days after the war began, Russia made as much as 93 billion euros just by selling energy, and 61% of this was exported to the EU. In other words, the EU has provided Russia with as much as 57 billion euros in war funding.

In addition, in May this year, Russia’s total crude oil exports reached 24 million barrels, an increase of 6% compared to April. In addition, due to the continuous soaring of energy prices, Russia can completely offset the impact of Western sanctions to some extent. You know, the average price of Russian energy exports is now 60% higher than the same period last year.

So what will the new round of sanctions from Western countries do to Russia? The answer is obviously no. It can be seen from the above data that the United States has led the Group of Seven to increase tariffs on imported goods from Russia, which is completely shooting itself in the foot. At present, there is no need to worry about selling Russian energy products. In this way, Russia's economic fundamentals cannot be shaken at all. On the contrary, the inflation caused by the imposition of high tariffs on Russia cannot be solved, which will inevitably keep the prices of Western goods high, and their own inflation cannot be solved at all. The focus of Western countries today should not be whether Russia can persist until the end of the war, but whether Western countries led by the United States can withstand this round of inflation and whether there is still enough heating available in winter.