Andrei Ilarionov, a former adviser to Russian President Vladimir Putin, is convinced that a complete embargo on Russia’s energy resources would end the war in Ukraine within a few months, Latvian Radio reports.
In an interview with CNN, Ilarianov said Russia’s energy embargo was a very important non-military tool to influence decision-making in the Kremlin. “The reason is very simple. At present, direct revenues from oil and gas exports account for about 40% of Russia’s total budget revenues. These revenues would fall significantly if a full embargo on energy imports from Russia were introduced, but we understand that this is not possible because China However, given that Russia has no access to international financial markets due to sanctions and that the Russian Central Bank’s foreign exchange reserves have been frozen, Therefore, all spending should be reduced by 40% to 50%, which would be a shock not seen by the Russian government even in the 1990s. “said A. Ilarianov.
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