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according to china energy news, on september 5, russian president vladimir putin gave a speech at the 2024 eastern economic forum and said: "the world economy cannot bear the loss of russian energy, and shutting down the russian energy industry is impossible. we are studying how to provide other services to other countries." on the same day, the united states launched a new round of sanctions on russia’s flagship liquefied natural gas project, arctic lng 2, which was related to the project after a lapse of four months. latest sanctions imposed on ships and entities. industry insiders pointed out that the united states seeks to weaken russia's presence in the global energy market through sanctions, but the effect does not seem to be obvious.

the development of things went beyond the expectations of the united states. for more than two years, although russia cannot be said to be getting richer as it fights more wars, its economy has been experiencing positive growth in these two years. putin even proudly claimed that russia's economic aggregate ranks among the top five in the world based on purchasing power parity gdp. compared with ukraine's gdp, which is half, the russian economy is really very strong. moreover, russia's military industry is operating at full capacity, and the number of combatants in the russian army will soon expand from 1 million more than two years ago to 1.5 million.

russian president vladimir putin's "special energy project" - to develop the country's vast gas and oil resources in the arctic - is moving forward despite layers of international sanctions since the start of the russia-ukraine conflict. a big step forward as it has been confirmed that flagship arcticlng2 will begin operations before the end of this year. advantrade said that in addition to the importance of russia being able to complete such a financially and technically challenging project despite severe sanctions, the arctic lng 2 project is also crucial for russia for several reasons. a broader reason.