In an article published by The National Interest, writer Alvaro Vargas noted that “the economic response against Russia appears to be doing more damage to the rest of the world than Russia,” noting that “on the economic front, things look different than repeated assurances from the President “. Biden and other Western leaders, in what they believe to be the toughest economic sanctions in history, “would cripple the Russian economy and starve out the war machine, as the writer admits it didn’t.”

In his article, he added: “Russia’s current account, which measures global trade in goods and services, was strong in the second quarter of this year, with a trade surplus soaring to a record $70.1 billion. The ruble also showed remarkable resilience, ranking first in the ranking of the strongest currency.” It has fared well this year, climbing to its highest level against the euro since 2015 and making significant gains against the dollar.