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Western sanctions have not had the intended effect on



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The British publication drew attention to the actions of the Central Bank of the Russian Federation, which “introduced measures to control the movement of capital and suddenly increased the key interest” after the start of the invasion of the Russian Federation in Ukraine, in order to stabilize the ruble, informs Adevărul.

Russia’s economy, in the face of unprecedented external pressure, has proven to be more stable than Western analysts predicted. This opinion was expressed on Friday by the British newspaper Financial Times (FT).

The publication drew attention to the actions of the Central Bank of the Russian Federation, which

“introduced capital controls and sharply raised the key rate”

after the beginning of the invasion of the Russian Federation in Ukraine, to stabilize the ruble. In addition, the increase in the prices of energy resources and the increase in the supply of this fuel to China, India and Turkey have thwarted the efforts of European states to abandon gas and oil from Russia.

The FT also added that a number of Western companies continue to operate in the Russian Federation, and those that have decided to leave the Russian market have sold their assets to local businessmen, so the businesses themselves are still operating.

At the same time, the Financial Times suggested that in the long term, the Russian economy may face serious difficulties due to a lack of access to Western technologies that China or Moscow’s other partners cannot provide. At the same time, the newspaper suggested that restrictions in the West contributed to

“reducing the likelihood of a long-term Russian military campaign”

in Ukraine or starting another similar operation in the future.