OREANDA-NEWS. Unprecedented Western sanctions against Russia are like a double-edged sword - restrictive measures harm Russia and impose costs on those who impose them. This opinion was expressed by the journalists of The Hill.

“Sanctions and the conflict in Ukraine have raised global prices for raw materials and energy, helping Russia to increase its oil and gas revenues despite reduced exports,” the publication says.

The material notes that, despite efforts to exclude Russia from world financial flows, the ruble comes to the indicator that it was before February 24. At the same time, the Japanese currency collapsed to a twenty-year low.

Anti-Russian sanctions have led to high inflation and disruptions in supply chains, which threaten financial losses for Western companies. The situation is complicated by the increase in interest rates to curb inflation.

Earlier on May 2, Bloomberg, citing a statement by the head of the Hungarian Prime Minister's office, Gergely Gouyash, reported that Budapest would veto the EU initiative to limit the import of Russian energy resources.