In addition to the Ukrainian conflict, Russia and the West also confronted fiercely in an economic battle in which anyone endured more durable will win.

In this non -gunfire battle, Russia seemed to suffer more damage, with the economy that was expected to drop sharply this year, the cost of living and hundreds of foreign businesses had withdrawn from Russia.

But the US and Europe are also suffering from serious shocks, mainly due to the rising energy price, especially in the upcoming winter.

The small number of visitors inside a commercial center in Moscow in March.

Observers said that in the coming months will be an important stage to help determine which party will win in the current economic battle, when Moscow has to struggle to search for imported goods for defense and economic industry,

According to a recent report by Economist Intelligence Unit (EIU), the British -based research team, the Western Russian -Western economic war will lose about one trillion USD of global production this year.

Russia is giving the West and the West also responding strongly, Tymofiy Mylovanov, Associate Professor of Economics at the University of Pittsburgh, USA, commented.

The United States and its allies have imposed a series of sanctions on unprecedented scale into Russia.

In April, the Central Bank of Russia estimates that the gross domestic product (GDP) of the country will decrease by 8-10% this year.

The International Finance Institute, Washington -based trade group, is forecasted that Russia's GDP will decrease by 15%, while the reduction given by JPMorgan is 3.5%.

Russia's inflation increased to 15.9% in June, much higher than the US and Europe, according to Moscow's figures.

Russia is definitely feeling great pressure, especially the middle class who is familiar with being able to do all the things they cannot do now, Claus Vistesen, euro economic expert at Pantheon Macroeconomics.

But conflicts in Ukraine are also piling up the West.

This situation has pushed inflation in the US and Europe to an unprecedented high level for decades, causing central banks to US, Australia, Canada and the UK to raise interest rates.

But not all causes are derived from the conflict.

Analysts from Barclays multinational banks predict that the euro area is at risk of falling into a recession in the fourth quarter of this year.

But this prospect may collapse if the energy crisis is getting worse.

A senior Biden government official said that sanctions were promoting the desired effect and the White House believed they could win the economic battle with Russia.

However, Russia seems to have done better than the prediction of the President of the President of Biden.

But in fact, Ruble has dropped sharply in early March, but quickly recovered thanks to the Russian Central Bank to raise interest rates, control capital, increase export and reduce imports.

Punishment measures even counterproductive, hurt countries to impose them and benefit Russia.

High inflation is contributing to deepening political conflicts in the West.

French President Emmanuel Macron also suddenly lost the majority in the Senate in the recent election, as voters in the country increasingly concerned about the cost of living.

Prime Minister Boris Johnson resigned this month under the pressure of conservative militaries, who were concerned about scandals related to him, which would hinder the ability to handle inflation of the British government.

According to JPMorgan, when the plan for banning the majority of Russian oil was implemented by Europe later this year, the price of energy will increase further, even can even push the US and Europe into a recession.

I think what we want is to let Russian oil continue to flow into the market to keep the global price and try to avoid a sudden increase in causing the recession around the world as well as pushing the price of oil, Ms. Yellen said.