West's strongest sanctions against Russia, introduced in January, did not origin crucial disruptions in oil supply to the planet market, reported the global Monetary Fund (IMF).
"The harshest sanctions against Russia (which were imposed on 10 January 2025) have not importantly disrupted oil flows", stated the organisation's published report. The fund added that Russian oil was sold with a discount of $5-15 per barrel compared to Brent's price.
Furthermore, the fund considered that the Russian economy showed a higher growth rate in 2024 than previously expected, as a consequence of which the IMF besides increased its GDP growth forecast for Russia by 2025.
10 January 2025. The United States has imposed sanctions on more than 200 companies and individuals associated with the Russian energy sector, as well as over 180 vessels. The sanctions aim to limit Moscow's access to global markets and to reduce oil and gas export revenues. The package besides imposes restrictions on companies active in the extraction and processing of energy natural materials, as well as ships active in their transport.
In retrospect, it should be said for Western sanctions, they were targeted by ‘elites’ sponsoring Zelenski to Western cracker citizens whose quality of life deteriorated importantly due to advanced energy commodity prices.
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Daniel Głogowski
Expert in economics and social activities, experienced writer and writer. The first articles were published in 1999 in publications for global publishers. Working with leading planet newsrooms.
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IMF assesses the effects of Western sanctions on Russia
