The cost of breaking with the West will be extremely high for Russia.
AT European Union warn against hopes that the Russian Federation will fall under the pressure of Western sanctions.
This is stated in document in which Josep Borrell, head of the EU foreign policy service, analyzes the impact of EU sanctions on the Russian economy and its geopolitical position.
He expresses confidence that the cost of a break with the West will be extremely high for Russia.
“Counting on a total collapse under the influence of sanctions – even if they are not only necessary, but also effective – is misleading. The truth is that as long as Russia has significant natural resources, especially oil, its regime will find means to survive,” the official writes. .
Borrell believes that economic sanctions will certainly lead to a deterioration in the standard of living in Russia and will not allow its economy to develop.
He predicts that the Russian Federation will be forced to move towards China and rely more on cooperation with it.
“The Russian regime will have to choose political survival under the Chinese wing instead of prosperity. China has realized that integration into the world economy is a prerequisite for prosperity, while Putin is making the opposite choice,” writes Borrell.
Borrell is convinced that the only promising area of Chinese-Russian cooperation is energy, and therefore China will not sacrifice its interests for the sake of friendship with the Russian Federation.
As UNIAN reported, on August 1 EU embargo on Russian coal comes into force.