After sanctions and refusing ruble-payments - How to deal with a Russian cut-off? | DW News
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- เผยแพร่เมื่อ 3 พ.ค. 2022
- The European Commission plans to impose an 'orderly' end to its imports of Russian oil as part of sixth round of sanctions on Russia.
Commission President Ursula von der Leyen announcing Wednesday the EU would phase out deliveries of Russian Crude and Oil Products out by year's end. It also wants to step up sanctions on the financial sector, disconnecting Russia's biggest bank "Sber-bank" from the SWIFT payment system. The proposed measures will need approval from all 27 member states. Hungary and Slovakia have already said they'll seek exemptions.
Europe and Russia are also sparring over gas imports: Moscow continues to demand that European companies pay in rubles instead of the euros and dollars called for in contracts. It's cut off two countries -- Bulgaria and Poland -- for refusing to make ruble-payments. Neighboring countries are now coming to their aid. DW's Jack Parrock visited the Bulgarian capital of Sofia.
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#Ruble #Sanctions #RussianOil
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So, let me get this straight. Instead of buying fossil fuel directly from Russia. The EU will buy fossil fuel from Greece who buy their fossil fuel from Russia. That makes a lot of sense.
I am not aware. Greece buys oil from everywhere via Greek shipowners tankers. For sure buys Russian natural gas the majority of it is used for electric power production.
Good for Greece! Why not?
Welcome to the wild world of energy markets. Energy is one of the most universal products on earth so as long as one nation is willing to buy it then it's just replacing another market. It's still not as hopeless as it sounds, by forcing Russia to sell to new markets drives up their logistical costs. Getting their oil/LNG to places like China, Greece, and India is going to cut into their margins. Unfortunately forcing all this LNG onto ships is gonna drive up global prices.
Lets get down to specifics.Its Germany, they are the single largest & the Russian collaborator right now.
Put all the blame exactly where it belongs.
@@Hierax415 Russians have a gas pipeline to China and they're building several more. I don't know when will they be finished, but even if they now stopped supplying EU, they wouldn't starve.
As for oil, anything that Russia doesn't sell to EU will be gobbled up by African and Asian markets so nothing will really change. Short term prices of both gas and oil will go up which benefits Russia and everyone else who sell gas and oil.
Every time they announce more sanctions, we just find out that the previous round of sanctions; was no where near as comprehensive as they told us it was.
That's why they were a joke until Putin invaded Ukraine
It's like dogs barking in their backyard making all silly noise when the bear shows up their run fast to uncle Sam with tail between the legs
So I guess you are still believing what politicians are saying? Rather naive don’t ya think?
Cheers
“Now we’re gonna hurt them!”
*two weeks later*
“Now we’re REALLY gonna hurt them”
*two weeks later*
“Now we’re REALLY, REALLY gonna hurt them!”
Just stop them! How about that??
@@pano3607 You want World War 3? That's what will happen if NATO & US go in.
We already see what is happening.
10 states already agreed to pay in rubles including Germany.
Next to be cut off should be UK and Romania.
Impact of sanctions on the Russian economy:
1. Economic growth for the first quarter of this year amounted to 3.7%. At the same time, if we take industry separately, it grew by 5.9% over the quarter, and in March, compared to February, the growth in industry amounted to 9.9%.
2. Unemployment remains at a historically low level and is not going to rise - 4.1%
3. Suddenly, budget revenues increased by a third (30.4%), which caused a budget surplus of 2,417 billion rubles, which is 3.6 times more than last year's surplus. And that's for the quarter.
4. Inflation has been declining for several weeks in a row. Gasoline prices began to decline in March and continued into April. Inflation is declining because Russia has stopped its imports, today prices are slowly untied from world prices.
The impact of sanctions on the economy of Germany and the EU:
1. The volume of imports from Russia to Germany, expressed in financial terms, rose to historical records. And we are not talking about energy supplies, but about other types of goods. This is written by the German edition of Die Welt. The Federal Statistical Office of Germany reports that the turnover with the Russian Federation in March alone amounted to more than 3.6 billion euros (in 2014 it was 3.5 billion), which is 44% more than last year.
2. Europeans began to suffer from the closure of the Russian skies in response to the closure of the European skies for Russian companies. Because of this, German Chancellor Olaf Scholz recently had to fly to Japan via the North Pole, with refueling in Alaska. The total lengthening of the flight in one direction was an hour and a half. But this is for the chancellor, and for ordinary people, the delay compared to the normal route through Russia and China can be much longer. In addition, flying over the pole is more dangerous than flying over populated areas. There is nowhere to make an emergency landing and refuel, so the preparation of cars and pilots requires increased attention.
3. European Union airlines have been hit hard by sanctions against Russia. This is stated in the draft resolution of the European Parliament (EP). As noted in the draft, the aviation sector is faced with rising costs, rerouting and flight cancellations. The document states that the increase in the route for flying around the airspace of the Russian Federation and Belarus takes up to four hours one way, which leads to problems with refueling and an increase in the working day of the crew. The EP also drew attention to possible interruptions in the supply of titanium used in the construction of aircraft in the near future, the main producers of which are Russia and Ukraine.
4. Germany is experiencing an inflationary shock in the food retail sector. This is stated in an article in the German newspaper Handelsblatt. The publication recalled that food prices rose by more than 6 percent in March. At the same time, the cost of fresh vegetables increased by more than 14 percent, and vegetable oil - by 17 percent. The consumer climate in Germany is deteriorating. According to the GfK forecast, the consumer climate index will decrease by 26.5 points. This is the lowest value for all time of measurements. Company expert Robert Kechkes explained that consumer budgets have shrunk due to overall rising costs. The reason for this was the strong uncertainty of the Germans, he added. Earlier, the country's Federal Statistical Office (Destatis) reported that annual inflation in April 2022 in Germany will accelerate to 7.4 percent, which is a record for many years.
5. Consumer prices in the euro area in April rose by 7.5 percent in annual terms, according to preliminary data from the Statistical Office of the European Union. This is an absolute record in the history of calculations. Inflation has accelerated, in March it was 7.4 percent. Inflation exceeds the target of the European Central Bank (set at two percent) by more than three times. This trend is associated primarily with the rise in energy prices, despite the fact that the growth rate slowed down to 38 percent (compared to 44.4 percent in March). The lowest inflation rates over the past 12 months were recorded in Malta (4.5 percent), France (5.1 percent) and Portugal (5.5 percent), the highest in Lithuania (15.6 percent), Estonia (14 .8 percent) and the Czech Republic (11.9 percent).
6. After the imposition of sanctions against the subsidiary of the Russian holding Novatek, Novatek Green Energy in Poland, the supply of blue fuel to dozens of municipalities was stopped. In Bulgaria, the cost of gas due to the cessation of supplies from the Russian Federation increased by 50%.
7. The euro crashed to the lows of early 2020, before the lockdown.
Impact of sanctions on the US economy:
1. The US economy contracted in the first quarter of 2022 by 1.4 percent year on year.
2. The US trade deficit in March amounted to $109.8 billion against 89.8 billion a month ago. The pace of deficit expansion is unprecedented.
The West poured all military surpluses onto Ukraine, and also took on the maintenance of the Ukrainian economy in the amount of 5-7 billion dollars a month.
Inside the countries that support anti-Russian measures, political problems are intensifying due to rising world prices.
How many rubbbles 😆😆?
@@MarincaGheorghe 2,417 billion rubles
*Give sanctions
*Get expert opinion on how the sanctions is effective
*Give another sanctions
*Get another expert opinion on how the sanctions is effective
*Another sanctions
*Repeat 🔁
Thats a politic for you
So.... If you plan to shut off russian gas by end of year, what is stopping russia from cutting off gas and oil right now and cause a massive energy crisis in Europe. Economic warfare can be done from both sides. Serious question.
You see only one side of coin. Russian don't have any source of income other than their limited exports. They will sign their own destruction. EU can survive without Russia with adverse recession but Russians will die of starvation without West.
The only thing that stops them is if they cut of the gas germany wont have anything to loose by helping ukraine. Its like a big game of chicken.
Russia doesn't want to be at war with Germany, economic or not: they want as much German money as they can get.
Without EU money from Russian oil and gas, Russia can't afford to continue its 'special military operation'. Most of the profits from Russian oil and gas get taxed by the government and spent on the military.
So that's why Putin doesn't want to turn off the taps. He's only done it to Poland and Bulgaria as an experiment, to try and stop the EU sending weapons to Ukraine. If Putin was really serious about turning off the taps, he would have done it to Germany and Italy, not Poland and Bulgaria.
If Russia would think it can just cut off gas they would have done it already. It is the only thing supporting their flailing economy right now.
I thought Russia had already been “de-Swifted”??
Me too, de-swifted ages ago, the europoliticians are just bla bla bla, sanctions , new set of sanctions, bla bla bla.
Some of the banks. Not all of them.
EU was not willing to turn of the Russian energy. So some Russian banks are left on the swift system to keep transactions for oil and gas going.
I wonder what will EU sanctions when they realise that they have sanctions Russia in all sectors
@@MrNeversweat don't blame others for your ignorance. When the SWITFT bans were announced, they also announced exclusions
What would Russia do with dollar payment for gas. They can't use dollars international market. It's like giving gas for free
Yes, that's why they want rubles, though dollar could potentially help another regime in Russia so that's not a good deal for Putin. 😂
@@PSA78 this make ruble very strong currency see the value of ruble after war and it's current situation
@@leyvithanTech Ruble isn't that strong, maybe not as bad as in the beginning but definitely not strong. And lifting sanctions won't help much directly, it would take a long time to get it back to any reasonable value.
@@PSA78 please so check the value right now it regain its value as it was before the war and if russia continue to take ruble as a payment then ruble it become as strong as gulf countries's currency in upcoming 10yrs
@@leyvithanTech It's up for the moment, Russia would probably always take ruble in the current situation, but getting them is another matter. If it continues it's a matter of if India, China etc will help them as Europe is backing out what could be for good.
How many total rounds of sanctions are there or is the number infinity? Value of Russian Rouble is highest in two years now and Natural gas is double the price it was before the war started. Is Europe sanctioning itself?
In fact things are going so well that Russia is considering nuking the world to celebrate.
The ruble is falsely supported. It's held up be them buying their own money. It physically can't last.
Not infinitely but the will be less and less Western business with Russia, or culture or sports or art. It will be a North Korea in some time. A lot of bright young people are leaving.
Sanctions are doing good.
Oligarchs are crying of their yacht losses.
putin does not have money to pay injured and killed russian families.
putin is threatening with nuke weapons because he is weak and scared.
More sanctions will only be bigger impact. And sanctions never get full strength straight away. There will be hard years in front for russia.
it has been the most amazing act of a Judo saying I am aware of. Mind you Putin has a higher 'belt' in Judo than Chuck Norris. Anyway, the saying is 'find a way to use your enemies stregth against themselves'. Its almost as if he baited them into sanctions..waited...and now (just yesterday) has banned exports of natural resources to 'unfriendly countries'
A strange war when some are selling more oil, some are selling more weapons, some are earning more reputation. The only lost are civilians who pay their extra living cost, life, home...
Instead of stating obvious problems, offer solutions.
@@TyinAlaska Multipolar world my friend.
Nothing new - civilians are always cannon fodder. No yearly march of remembrance for civilians either. Just fodder for the rich to exploit. 👎🏾
Well get rid of Putin then...
@@bowhunter8532 Putin is not the PROBLEM.
It's lovely that Bulgarian have to purchase the same Russia oil and gas from third party countries at record high prices...lovely economics
Thats what they get, they want to pay more for everything? Good for them
Not in a single part of the video was it ever said that Bulgaria will purchase Russian gas via 3rd party and oil wasn't even discussed. Russian gas is already record high up more than 900% for the past 18 months. Azeri gas (the one indirectly mentioned in the video) is 2-3 times cheaper alternative, and even LNG is cheaper with the shipping and regasification included. As for oil, the biggest refinery here can switch from sort Ural to Brent and work with that, so where exactly are you getting your information from?
@Pa Hajarimayum
DUMBKOPF!
Freedom of choice 🤣
Well Chjna and India are happy to purchase more. Don't forget customers like to buy more when you sell at a discount. This is just from business point of view.
Whatever, whichever or whomever they put sanctions on,as long as they keep on buying gas oil from Russia,it simply won't matter to them. It's like taking away a small piece of candy from a child who has a large cone of icecream too.
I do believe that oil is the major part, gas has just been on the headlines more often as it's harder to change.
@@PSA78 Certainly a large part & I think that Lavrov's spat with Israel is to throw a bone to Opec, which hasn't obliged the West by opening its taps.
Gas/oil from russia is being phased out - permanently & that's the whole point.
Meanwhile, as in your analogy - it's more like a bank robber in prison where his haul can only make his incarceration a little bit more comfortable, a big fish in a small pond.
Now China (russia's historic rival) will be able to buy russia.
Russia is not talking about "phasing out", they are talking about stopping exporting to the west. That may happen BEFORE EU starts its phasing. Russia has new markets in the east for its OIl, Gas, fertilizer etc. Our politicians are going to initiate the great reset with short sighted thinking.
Now Ruble become stronger like the price 2 years ago. 1 usd = 64 rub. Dollar become weaker or ruble become stronger?
The price of oil will skyrocketing once the sanction is enforced..Good luck EU
What happens after the Russian energy cut off? The common EU citizen have to pay bill, that's what. Starts to feel like Ursula and company have already bought shares of the transiting companies and future deals that we are not aware about. Smart move rich people.
Im sure europe try sanction russia to make their gas be more cheap and unvaluable to dollar. But russia sanction for using ruble as payment is like the uno card have been reversed
EU: we cut our import by the end of the year!
Ukraine by the end of the year: doesn't exist
Well they said that Russia would take Kiew in a couple days. Did it happen? No. They said that the battle of Donbas would be decisive. And it is… for the Ukrainians. If we keep hurting Russia and sending more military equipment to Ukraine they won’t be able to do their objectives
Lets wait how EU looks like in autumn/winter. Its easy to play embargo when you have summer months ahead and full stockpiles that can last through it.
@@austinw2234 can I know who that "they" is
@@austinw2234 if you really know the strategy for military war than you won't say this .. Russian never said it want to conquer Ukraine it said they ll de-nazifiy Ukraine and don't want Ukraine to join NATO ! Well they just want to gather Ukraine military presence in kive so that their attack ll be swift on Donbas and Mariopol where they already have Russian military stationed in south ! Hope you are wise enough not to believe what Media showed n says !
@@austinw2234 who is They? It was They who told you to hurt my country? ))
How to deal with a Russian cut-off?
Indian: What cut-off? Business is booming here.
Biggest Russian oil and gas buyers...1) Europe, 2) China, 3) USA ...India comes maybe a distant 4th with no physical border with Russia or even a single portable pipeline between India, Russia (Europe has multiple pipelines, latest being Nord Stream 2)..
@@ameyas7726 India should give the West a middle finger if they threaten them. Why would they sacrifice heavily discounted oil and gas for Brussel and Washington interest? National interest should always come first.
Europe to hold it's breath and hope Russia turns blue.
That is the best description ever! I'm stealing it!
EU does all what it can to make Europeans pay higher prices for oil, gas and for everything due to inflation. EU wants to create recession in Europe.
And they face no responsibility for sabotaging lives of Europeans.
EU has done nothing to prevent this war.
How EU gonna get their energy need by replacing Russia? OPEC already didnt increase their oil production for this. Arent this gonna force more increase in world oil demand especially India? Wouldnt the price also increasing? Since EU are proposing this embargo, can they proposed to others country which n whom they can get their oil now instead Russia? It is more concerning now because little countries gonna be affected more because of this. Sry my English if any wrong
The more sanction impose to Russia the more suffer of people in Western country..
Soon Russia and all it's oil and gas will belong to EU
This is the exact question i have in mind. Saudi and UAE had already said they would stick to OPEC+. Qatar said it would take around five years for a meaningful gas export substitute to be presence in European market. There's simply no reserve available for oil and gas on such amount.
Well the gas/oil price is already increase again today..😭
If you don't want to buy Russian oil from russia buy Russian oil from somewhere else. This is a reality for poland now. They done it before. Let's face it 20 percent of world's energy just can't disappear.
YOU face it !
@@kukulroukul4698 Germany made a 10 billion deal with india to buy oil. India don't have oil. They are selling russian oil They bought for half the price. Saudis refuse to give up Chinese clients to sell to the EU. They said they will lose in the end. The west is decarbonizing faster than any other part of the globe. The Saudis refuse to play alo g with new political shift. They refuse to holding the bag in the end.
Russia can sell theirs at a reduced rate to India and China while Europe can purchase off other countries.
There, problem solved and Russia remains poorer.
New energy and Nuclear energy pretty simple innit
Russia can sell the oil to India and China. Then Europe can buy the oil from India and China.
Even if EU successfully decouples itself from Russian oil on a long time, it will done at higher cost. This increased energy prices will make EU very much less competitive on world markets.
HOW much less !
China will still buy EXPENSIVE foods
That's unavoidable now. But in the longer term, the EU will ban the production of petrol driven family cars and ban the production of electricity using oil and gas. That will greatly reduce oil consumption in the EU.
@@timonsolus and just how you will produce the needed electricity? The sun and the wind are unreliable, expensive, and not viable at the present.
@@sidoniewinterpasternak9938 : Nuclear power is the only option. Unless the experiments into fission finally bear fruit.
The cost of living in these countries will rise dramatically in the near future. Unwise politicians
every decision has a price,
Not as costly as a nuclear war with Russia, which is the alternative.
Oh well 🤷♂️
I think Russia has shown it’s an unreliable partner, so what is there to do?
We can afford it, we have plenty of money since we produce things other countries want to buy.
Can Russia afford it?
@@MelkorPT who is we?
Do these politicians think how is very difficult to run economy with Expensive oil or gas..Russia is just lenient.
Iceland seems to be doing ok with renewable energy.
Russia needs money to pay for the war it is not having.
Also the Russian army in Ukraine is so strong the Russian army has defeated the Russian army. This is why so many have died.
Yes, Russia doesn't need to export any fossil fuel.
@@reyalsregnava War? What war?
@@DanA-nl5uo Not ok, great.
Well done EU! You just shot in your own leg.
Way beyond that. By now our bureaucrats are riddling that corpse with bullets, not just shooting its legs.
Who else remember USA sanctioned IRAN and was searching all ocean in the world to catch and seize IRAN oil tankers, am sure Russia will do same to Europe. All tankers destine for Europe could be target by Russia just as UK and USA did to others in the past.
I hope one day the US will disappear in a nuclear fire.
Yeah sure Russia can do that lmao
yeah go ahead and seize a US or UK flagged ship and see what happens
They will not have anything to target them from. russian army is breaking apart.
The Russian navy is small compared to the US and European navies
First thing is to figure out how to drain the water lines in the house so they don’t freeze and burst. Next thing is figuring out how to keep one room warm enough to use. That might mean insulating windows, walks, and doors and dressing warmly.
I read, Timberman, an EU officials, suggesting EU people to bathe less, air dry clothes, etc. There will be a lot of smelly EU people.
Well Schwab will be happy because his vision for you is coming true, "own nothing and be happy" lol.🤣🤣🤣
haha or at least the ”own nothing”-part😂
@@ericwedin4154 But he will own trillions! And own your Soul!
Citation needed.
This will just drive up fuel prices in eu countries and goods prices in general, as everything didnt go up already somone has to pay for all those arms we send ukraine and its the people as always
Boo hoo, people are dying in Ukraine
If you need to be selfish about it - the price would be far harder once putin is knocking on your door.
Price increases (between the cost of a new phone or even a holiday) is a small price to pay compared to the situation that Ukrainians find themselves in - Genocide is not acceptable.
Now Ruble become stronger like the price 2 years ago. 1 usd = 64 rub. Dollar become weaker or ruble become stronger?
@@liju2505 not only ukraine. Palestine, israel, syria, libya, afganistan and war around small country is dying too. Dont just look at ukraine because ukraine is europe. Open your eyes
@@akgamingzz useless comment
I think they may be a little late. I heard that Russia is proposing to ban exports of commodities to Western countries. If that happens there will be little point to this gesture from EU. The supply of everything from oil to fertiliser will be stopped on the Russian side. I don't think they will wait until the end of the year.
50% of Airbus titanium is from Russia.
Aluminum and nickel are from Russia too.
Russia have big wheat export too
@@akgamingzz
Export you mean
Russia should enforce the sanction to ensure no leakage
Just like anyone who has the power cut off, you adapt. I gather the EU is going to go the "plug into the neighbor's power to avoid having to pay the price" option.
Why all the noise from western media? You don’t want to buy then don’t but. Simple. Whats all the fuss? Western goons has zero IQ. Russia isn’t forcing anyone to buy
Germany is already stealing French and Norwegian electrical power, driving up electricity prices, all while closing nuclear power stations.
NO MONEY NO HONEY OR NO RUBLES NO GAS IN EUROPE
Klaus Schwab: "You Europeans will have nothing and be happy."
Vladimir Putin: "And so be it. Amen!"
China, India and Indonesia: "Hello oil and gas! Our prayers were heard. Thank the gods!"
Good luck getting that oil and gas...
Vladimir Putin thanks you from his billion dollar palace paid for with money stolen from Russian people.
So... In a few years then?
The sanctions will hurt them too.
And they won’t have enough money to buy it for what the Europeans paid. Plus pipelines are expensive and take years to complete.
When Russia gives you a cheap gas you better be prepared to be asked for some "favor", thats how comunist rulers of Russia work.
Stop ridiculous and based on radio-phobia phaseout of nuclear power in Germany. Keep the existing reactors running as long as possible(decided by engineering not politics). Restart the reactors closed with the beginning of this year. This will send the message to Russia, and also show that Germany actually does care about climate change.
Excellent!
When Russia turns off the gas a new fleet of reactors will begin contruction across Europe. Everyone thinks it was the greens were behind nuclears demise in Germany but it was actually the coal and gas industry $$$$ They dont mind competition from renewables because it can never replace them as a base load power source like nuclear can.
Nuclear power shows you care about the environment? 🤡
@@Omar-kw5ui Yeah, it's less wasteful and a robust form of energy. It's the only real solution.
@@Omar-kw5ui that clown emoji is right where it belongs. On your comment.
(fiy its because despite nuclear waste being more dangerous than CO2, it is also one of the rare types of wastes that can actually be safely desposed of, unlike CO2. Not only that, but nuclear waste is produced in much MUCH lower quantities than CO2 per amoutn of energy produced compared to gas, oil and coal. To add on top of its climate change advantages, nuclear energy kill far less people compared to polluting resources like coal. For example, in India a lot less people would die from air pollution if they replaced coal energy with nuclear)
No oil, no gas, no fertilizers, no food.
They are still paying in rubbles for the next 6-8 months!
They said “russia is hurting small businesses in europe”
What??
they blame russia for everything...what a joke.
Ukrainians went to the EU parliament to say "We don't need help, we just need weapons ! 😭". Have we became that dumb in Europe to not mention that stupidity ?
Why would anybody pay in rubble, who needs rubble are they paving roads with it?
@@davidwolf8991 If I sell you something you have the choice : you pay the price in the money I decided you have to pay with, or you don't pay and I won't send you the product. I don't see what's the matter with that, except for the american imperialists who want every transaction to be done in dollars at a price fixed by wall street.
@@horizonaralkum5488 Can i pay you in rubble, how much rubble for all your savings and your house if you have one?
Get ready for 5 Euros a Litre of diesel.
🤣🤪
@@Braunbaer888 You think that's funny?
@@Neil-Aspinall THEN CHINA will buy expensive food with cheap oil :)
Instead of weaken Russia they themselves are specially the people who are facing hardship.
How comes non of the media outlets is proposing dialogue?
This is just Talk..Oil is driver of Economies and industries...It's like closing and laying off people because you're hurt.
Cutting of your nose to spite your face. Or trying Russian roulette with a pistol instead of a revolver
Time to move away from oil anyway
Political suicide really
For Europe I agree
i find it great entertainment .. EU failing ...Sheep in Europe lose jobs , no food , rationing and best part civil unrest ... end of EU
They still have 10 countries to provide gas and oil for which will be cheaper than other suppliers. Russia could switch it all off now or in the next couple of weeks. What would that do to existing customers. Uk is not dependent on Russia and their gas and electricity has over doubled. Joe Biden to thank for that
doubled in price ik.
Really, and drain their economies of billions of dollars per week. Sure, in a war resources reign supreme.
Agreed
Are you on drugs. The yanks are only in it for the $$$.
The Yank economy is dead with Countries not using the $$ and thats what is behind a. Lot of this.
Add to this seizing 900Bn in russian cash you cash which neither the EU or the Yanks have.
If Russia stops supplying gas to the EU the price will quadruple, UK cant import enough LNG to replace Russian gas and the impact will be felt quickly in the EU.
someone had a glimpse in mind that Russia can ban all exports right now, I mean all stuff including fertilizers, wheat and sunflower oil, lets have complete fun
If Russia would do that it would cause a massive punch for the world economy you would have massive riots in Europe/Africa/South America/Middle East/ - You would see regime changes in almost every country including the US and the world would be in a deep recession for many many years. It would be as close to the dark ages only thing worse would be a Nuclear War or Covid on Steroids killing most of the population . All are very painful some are quick death and some a slow death
Then Europe will perish before winter sets in. Stupidity at its peak.
Europe has fallen into the trap of the US. Europe is getting poorer The US is getting richer. funny
Actually the best payer and biggest importer of Russian oil and gas *was* Europe. The biggest revenue for Russia *was* Europe. It will be worse from now on for Russia in the next months, years and decades (back to the '90).
Europe on the other hand, is already in a fast transition state. New gas & oil pipelines, more renewable energy, re-open oil and gas fields in the north Sea, 6+ new nuclear electric power stations.
Russia on the other hand, even if it wands to sell gas to China, it has to build new pipelines first. And this will take years & billion of dollars. And since it's Russia that has the problem, it will be on China's terms
@@vasiliyt8600 Europe is USA's overseas vassal, Europe is getting punished for American agendas, ans best part is europeans like it while getting poorer ans poorer you cant hide the fact that since the war livving standards in europe have fallen Real bad
@@philipilinsky2930 According to whom? Your lying Russian News Media?
We are very fine here in Europe. ;)
I am an American and the only ones getting richer are the oligarchs, politicians and gangsters (which include politicians which are the best organized criminals in the world). Me everything I use is going higher in price but my pay isn’t increasing. It’s the same for all average Americans. Love how the rest of the world thinks Americans are oozing wealth. Here’s a fact for you skippy American isn’t paved with gold.
You won’t have 6 to 8 months if Russia decides to sanction the EU by cutting off oil and gas soon. Then it would need no expert to declare Europe would be in a disastrous state! The half filling of ships in that case would be welcomed in that case.
Don't take any offense, but the fact is that many countries in the EU are acting like fools😲
What do you expect western Puppets
Facts
Like you
true!
18 for a tank like that? pretty cheap.
Now Ruble become stronger like the price 2 years ago. 1 usd = 64 rub. Dollar become weaker or ruble become stronger?
Now on the global pandemic where energy,medical, and food supplies are most importants for survive of the country, i think russia not matter if they have it for their people
These sanctions will effect only the Russian, how much job that will cut in Europe 🇪🇺
Temporary. Bigger nation can have backup for that. They can grow relations with some developing countries like India, indonesia Or African nations setting up more industries creating jobs for their as well as local workers.
zero !
Renewable energy to replace ff will create jobs not cut them.
The sanctions effect the world. They hurt everything just hurt Russia more.
Russian army so strong it went to Ukraine and defeated itself.
@@DanA-nl5uo lol look at reality
this sanctions and everything about it looks more and more like bycicle competition indoor sprint and its weird rules about inner and outer lanes
indeed lol
they say that many time.
It's illegal financial punishments against Russian 🇷🇺 peoples..mainly...also its increasing gas prices In European markets which uses as foundation of uprisings all commodities in European markets
Exactly., punish a leader not people
@@siena_miller processed opposite your suggestions..
as they decouple, energy sector has many customers theyll be shooting themselves it will end up making energy very expensive in the EU
Lol Russia said hold my beer, because now you get no more access to raw Russia materials. 😝
SWIFT does not enable transactions, it just makes them faster.
EU must think the practical aspects (consequences) of cutting Russian Energy.
Russia is not accross the Atlantic. It's in their reach. They must ignore the US hegemony of ostracizing Russia.
do you even live in EU?
@@dayooo2306 Russian troll.
@@dayooo2306, .... Do they have guts to reject Russian Gas from this morning???😂😀
@@skmutsuddi does russia has guts to cut off a gas to all "unfriendly" countries?
@@dayooo2306, .... President Putin doesn't mix Business with Politics.
He has not invaded Poland and Bulgaria. Despite that fact, they are buying enemity with Russia and have faced the music.
President Putin wants their payment in RUB. That's it.
President Zelenskyy's audacity and arrogance against mighty Russia has already attracted woes for his fellow citizens.
well if you're happy to pay a higher price just to please uncle Sam, it's just fine for Russia, more clients are waiting to buy it cheap, just remember a country with a lot of resources cannot just be hurt by sanctions, further you will forever be on guard 24/7 once you isolate Russia and consider them an enemy of EU and the West, your friendly neighborhood suddenly becomes your nightmare
And the gas?
It's not so easy to faze out gas
What if Russia cuts oil & gas supply before you phase it out. What will Europe do ?
Rejoice
Oh and start making Zoom calls to everyone. 😂😂😂😂😂
phase out faster since forced to
Progress faster to renewable energy.
@@kevt3318 you think we have unlimited money 🤔
EU is slowly returning to stone age.
Nowhere near as fast as russia is, most of it is there already.
We are waiting till Europe hits the level of Africa. At least we are used to hardship in Africa, Europe won't survive it
I am from India and I support EU decisions ban all oil and gas you ban fastly we get more discounts. One more sansactions one more discounts please this ban fast I appeal to EU ban many times discounts get faster loved from India this is good for Democracy again dictators values for Democracy ban is important I love this decision
They are cutting their noses to spite their face, it's actually fascinating. India would get a bonanza out of this sanctimonious sanction.
YES!
You go poor and then freeze. That is what happens.
The answer is simple. EU will become a union of banana republics
That will not happen
Russia should immediate cut the supply of oil to EU.
They are more addicted to EU money then EU is on Russian oil. :-)
They could cut gas too. Thats the biggest card in the Russian deck. Especially for Germany.
Please do. That will stop European governments from delaying the phasing out of Russian oil and gas. Force Russia back to the stone age, until they learn to be civilised in a civilised world.
@@brianmcgrady2674 I think Russia will cut its nose to spite the russian and german face.
Ok putin
Differnt oil sources have signatures in the makeup, they can stop the flow but wont police it.
A cut-off which will never happen*. Even the Hungarian PM confirmed that at least 9 of big EU countries ,who claim to have refused Russian energy are still doing business with Russia, and at a much greater scale than usual. You can tell what you want but Russia will never have problems with energy selling… probably 95% of Europe will stop buying Russian energy from Russia, and will buy Russian energy from resellers at a greater price, since it will still be cheaper than from any other supplier… gg ez
When half the world agrees with the deaths in Ukraine then I think we are fighting a losing battle. Such a sad situation in a world that declares it wants peace. I have no doubt that more wars will follow after this one and yes they will be wrong as well the same will happen all over again. Just different players.
And China India will get more discounted oil and gas, good for their economy
India demanded oil at dollar 70 per barrel. Do you think Russia can survive that?
Moreover Russia and India don't have pipeline and can't be a long term deal.
Believe me, Europe especially Germany can’t ban Russian gas. If they did, someone will cry..
The Germans don't know
Russia can sell gas and oil to many countries with special price.But many EU countries have to pay more money for energy.
Small Modular Reactors (cargo container sized) can supply 20-300MW pf power - easily hooked up to a grid & run for 25-60 years on low yield uranium (can't create nuclear weapons from the waste) - clean and green. It's high time we switched - these reactors have already been approved by the IAEA - over 70 companies around the world are already building them to scale. Check Rolls Royce SMR as only one example, check wikipedia for full info and the source of the fuel varies from country to country. I prefer other green energy solutions/sources but ready made, quick to install and connect makes sense today.
The free market has spoken the future is wind solar and storage. It is the cheapest form of new energy generation today.
You can't cook and drive your car with Nuclear Reactor
@@simplyyellow6240 electric oven, halogen, induction stoves and EVs go brrrr.
@@DanA-nl5uo it's not a free market. Wind and solar are heavily subsidized, nuclear is not.
@@technicalfool Tell your mum to bought it now,before its price skyrocketing. You don't want them to sell your kidney to chinese taifun just so they can cook in the winter.
Just pay rubles and be happy?
If they're caught doing that death penalty to the crew!
With whom is Ursula exchanging SMSs now?
EU will continue to unveil more sanctions every other month but none of the members dare to caution the actions for fear of being sidelined over the problems the people would have to bear which could be indefinitely …….
Time to move past fossils - let the people get used to it, it’s goi g to happen sooner or later anyway! Get over it.
What? Your ESL teacher owes you a refund.
Well, if the current sanctions aren't working then just add more, right? Eventually one of these sanctions should do something and if not, there's always next month. The insanity of EU.
@@third3439 The sanctions are working. What are you on about?
It is wartime boo whoo.
A restaurant owner complaining about he needs Hiler 2.0 gas to cook!
Get a electric stove or a propane stove.
At Least bombes are not coming through his roof.
Blond hair and blue eyes has raised the humanity levels suddenly in Europe and USA
Sanction is like a double edged dagger...
Not in this case, it's more like a butter knife for Russia and a Tanto for the EU. The EU is committing Seppuku. 🤣🤣🤣
Nuclear spent fuel should have some use as a battery.
If only Canada could have had some foresight and allowed Energy East pipeline, the EU could have had a good source of energy.
Alberta was thriving I miss good old days
Stay on your own continent Canada! We do not need your help here!
Excuse me, are you talking about gas pipeline from Canada to Europe?
@@djape1977 lol I think he is lol
@leggir, and just what is wrong with russian energy, am i missing something?
Its just struck me that EU, instead of working for interests of EU countries is actually pursuing interests of countries that are far from EU and who are fueling war at EU borders endangering whole continent. Shouldn't EU countries interests be at first place for them or...?
No, the interest is to bleed all of us dry
Except this war is in Europe. This is their security. Have you read a book lately? Do you know the history of the 20th century
@@deankruse2891 except it isn't their business as well. Haven't I read a lot that says Russia shouldn't dictate what Ukraine should do in their own soil if they wish to join NATO. Yet, they interfere if Russia invades for their SECURITY.
Ukraine is simply the pawn of the EU/US.
@@deankruse2891 Lots of citizens of EU wouldn't agree with you...they lived in peace and security before USA decided to expand NATO to Russian borders which Russia considered a threat to their national security and they were clear about it, but anyway USA and UK moved forward with their plan not considering the consequences of such foolish actions. And here we are...at brink of WW3..
@@deankruse2891 Who are instigating the war on the continent? The shadow creator of all banana republics hegemonies, the US!
Ps. From Poland. We still alive
This is a game and we will see who can wait who out.
This is Europe's "I'll hold my breath until I turn blue" plan.
When you follow your consciousness from inside you will see what’s coming. We have long enough calculated with the mind and see what it has brought the earth and her inhabitants.
There is always a dichotomy between heart and mind. Both are essential to trying to bring order to the human condition and make lives better for as many people as possible.
@@jgdooley2003 there are people who brought the two together. Even if rarely.
Childish but interesting move.
Thank God, winter is coming
For a lot of reasons we need to move rapidly away from fossil fuels. Now is the time to start.
The answer is simple. EU will become a union of banana republics
@@jerrynaga5917 tell dictator Putin to stick his oil
the time to start was about 20 years ago, but now it has an impact on the western world it looks like it's finally happening.
@@Dave1507 well said David
Yep
Well, I guess factories start leaving Europe to Russia or China. Because they need energy to operate.
I think that is the point.
Russia is a gas station and its not the biggest exporter of energy. If people stop buying oil from Russia which has almost no other sustainable exports. Russia falls. Pretty quickly actually.
Lol easy to say in spring that you don’t want Russian gas. It will be a cold winter for many Europeans
It's all for general consumption. Oil companies cannot afford to lose billions importing it from some place else, even the government isnt ready to fund recession with oil subsidies.
There will be a recession this year
Why wait just do it now. The age of Russian fossil fuels is over.
us oil dealer
World markets dont work that way and Germany has set itself up for this pain.
Austerity of lifestyle is the best approach. A minimalistic lifestyle can be adopted.
So eu nations prepared to be poor as poor as ukraine
@@TMM-N 3rd world Europe
At end of the video - new pipeline between Poland and Lithuania... I didnt know that Lithuania was a gas producer. Or is it getting Russian gas back east from Germany?
If the prices are regulated, nothing can happen!
EU worshipping US and making its citizens suffer is utter madness
Lets keep blaming the US even for our short sightedness
@@dennismenace3440 I’m sure you’re short-sighted that’s why you can’t see everything has to do with the US
Induction works well for cooking too. Solar panels on the roof and voila. I know there are expenses involved but long term it will save money.
and in the Autumn and Winter they switch to coal or log. welcome to europe in 1800 🤣
So when oil run low in these countries what will they do
This is the way to go, slowly strangling Russian economy. Hard on it's people, but it's time they opened their eyes, or are they complicit???
@@poopyanalbumhole This is not about Afghanistan, this is about Ukraine, get your facts straight. Yu know rus.. is fvcked one way or the other.
@@poopyanalbumhole They don't understand . The whole world belong to them. Look how many military base US and NATO able to operate around the world.
@@poopyanalbumhole I agree.
The Russian people, mostly the older generation,are believing the Russian media, so they don’t truly know what’s happening. Plus, it’s dangerous for Russians to speak out against their government… so they’re not complacent… they just find themselves between a rock and a hard place as the saying goes.
@@poopyanalbumhole defend themselves from what, exactly? Have you frgotten Russia is the agressor here?