Expert Shirov considers the idea of Western countries to cap prices for Russian oil ill-conceived and dangerous.
The governments of Western countries, introducing a “ceiling” of prices for Russian oil, act recklessly, they want to reduce Russia’s revenues, but such measures are dangerous for the entire world economy, and for countries making such decisions, first of all, the director of the Institute of National Economic Affairs said in an interview with RIA Novosti. forecasting of the Russian Academy of Sciences Alexander Shirov.
“The sanctions actions of the West against Russia look insufficiently thought out. What motivated the Western countries when they decided to set a “ceiling” for Russian oil prices? Reduce the income of our country,” Shirov said.
“But our main problem now is that we cannot spend a significant part of these export earnings – the possibilities for purchasing imported goods are limited. We cannot form reserves in the currencies of developed countries,” the expert added.
That is why the dollar, according to Shirov, has become a toxic currency for the Russian Federation.
“Therefore, by holding back our revenues and at the same time limiting Russian imports, Western countries are not achieving short-term goals of putting pressure on the Russian economy,” Shirov specified.
He emphasized the strangeness of such a decision, because states that consider themselves leaders in market relations came to him.
“After all, it changes all the rules of the game in the energy markets, and this is dangerous for the entire world economy and, above all, for a number of countries that make this decision,” concluded the director of the Institute for Economic Forecasting of the Russian Academy of Sciences.
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Expert calls Western idea of a ceiling on oil prices from Russia ill-conceived
