“How long high energy prices will persist will depend on the dynamics of the global economy and the duration of the restrictions imposed by Western countries,” TASS quoted him as saying.
According to the head of the Russian Ministry of Finance, the abolition of restrictions will lead to a balance in world markets, including food, energy resources, as well as the cost of logistics.
Siluanov expressed confidence that Russia benefits from the current situation in the global energy market.
“Yes, for Russia the situation is positive due to high energy prices, but for the rest of the world the situation is rather gloomy,” he said.
Siluanov stressed that Western countries wanted to "punish" Russia, but in the end they were the losers.
Earlier, Brahma Chellani, a professor of strategic studies at the Center for Political Analysis in New Delhi, wrote that Western countries are increasingly admitting that anti-Russian sanctions are causing significant damage to their economies, while not having a significant impact on Moscow.
Russian President Vladimir Putin noted that the gloomy forecasts regarding the Russian economy did not come true.