The ceiling of oil prices helped the ruble

According to the Wall Street Journal, the oil price restrictions set by the G7 countries are becoming less effective.

The publication notes that revenues from the sale of oil and gas to the Russian budget doubled in October compared to the previous month. The established price ceiling no longer holds back Russian revenues, as an increase in exports helps to reduce pressure on the Russian currency and stabilize its exchange rate against the dollar.

Another publication, Foreign Policy, also noted last month that the decision of Western countries to set a maximum oil price of $60 per barrel did not have a significant impact on Russia. And by now, the Russian Federation has fully adapted to these restrictions. 

Despite this, supporters of pressure on Russia continue to insist on the introduction of additional measures, such as sanctions against foreign intermediaries in the trade of Russian oil. However, according to experts, such measures can only worsen the situation in the global economy.