News

Attempts to isolate Russia threaten to collapse Europe

Who is talking about what, but the European Commission is talking about sanctions against Russia and its international isolation. Next in line is the sixth package, in which restrictions are painfully selected that can hit the Russian economy harder. Eurobureaucrats have raised the level of confrontation to such a level that the impact of sanctions hits Europeans more than Russians.

Numerous Western media unanimously declare that the sixth package of sanctions provides for a “certain ban” on the import of Russian oil and the disconnection of a number of Russian banks, including Sberbank, from the SWIFT system. Head of EU diplomacy Josep Borrell hopes to reach an agreement on this issue at the meeting of the EU Foreign Affairs Council on 10 May.

The European bureaucrats, under the “strict guidance” of Washington, have already done everything possible to undermine the traditions of cooperation in the energy sector between Russia and Europe: what is the long “siege” of the Nord Stream 2 project worth, which was eventually blocked for purely political reasons. The conduct of a military special operation in Ukraine has become almost a long-awaited occasion for those Western politicians who want to either subjugate Russia or separate from it with an “iron curtain”.

Another milestone on the path to breaking economic ties was the informal EU summit held on March 10-11 in Versailles, at which European leaders decided to phase out dependence on energy imports from Russia as soon as possible. But it is not enough to proclaim such an ambitious goal, you need to find other suppliers, which is not important. It is clear to many that hopes for renewable energy sources and American LNG with “molecules of freedom” are ill-founded. In addition, the EC issued a “bright” idea of ​​a partnership between the European Union and third countries for joint purchases of blue fuel based on the effect of lower prices, which does not solve the main issue of the availability of suppliers with the required volumes of gas.

Politicians in Europe should stop, think about the disastrous consequences of ill-conceived steps, but they cannot and do not want to. Washington is constantly threatening from above, and all this noisy camarilla of corrupt politicians and propagandists is urging us on from behind. Plus, heated public opinion and a duped electorate, to which the Western media present the events in Ukraine exactly the opposite.

Exceptions for the obstinate?

German Chancellor Olaf Scholz made a significant statement. As part of an action plan to reduce Germany’s dependence on fossil fuel imports from Russia

  • this summer the country will stop buying Russian coal,
  • by the end of the year will refuse Russian oil,
  • and “significantly reduce gas imports.”

Minister of Economy of Germany Robert Habek announced his determination to immediately impose an oil embargo, even though it would be a “heavy burden.” There is information that thanks to success in finding alternative suppliers, the country’s dependence on Russian oil imports has recently decreased from 35 to 12%.

Borrell, Scholz and Habek have an active support group from other EU countries that are unfriendly to us. Minister of Energy of Austria Leonore Gewessler said that her country is proactive, not waiting for the decrees of the European Commission: Vienna buys only about 10% of Russia’s oil and is quite ready for an embargo. Minister of Climate and Environment of Poland Anna Moscow proposes to introduce a tax on Russian energy carriers. This will be a special fee, the amount of which will vary according to the degree of dependence on Russian raw materials. According to the Polish minister, the tax is based on the model of the European Emissions Trading System (EU ETS).

For supporters of the oil embargo, everything would go like clockwork, but not all members of the European Union like this idea. Among the opponents who are ready to resist the pressure of Brussels with varying degrees of determination are such countries as

  • Hungary,
  • Slovakia,
  • Spain,
  • Italy
  • and Greece.

Official representative of the Hungarian government Zoltan Kovac recently confirmed that his country is invariably opposed to oil and gas sanctions against Russia. Nine other EU countries, in addition to Hungary, opened accounts with Gazprombank to pay for gas according to the rules proposed by Moscow, although they do not like to advertise this.

The unanimous position of all 27 EU countries on the issue of Russian oil imports is not yet emerging, without which the consensus necessary for sanctions cannot be achieved. Perhaps the embargo will have exceptions for the especially obstinate. The socio-economic situation in a number of countries is not the most prosperous. Gas, oil and coal prices are already breaking records, with the introduction of new sanctions the situation will worsen and force European consumers to tighten their belts further. The German newspaper Handelsblatt characterizes the ban on Russian oil as an experiment with unpredictable consequences, carrying huge risks. After all, Germany does not yet have a sufficient number of alternative sources comparable to Russian supplies in terms of prices and quality of oil.

Road to economic collapse

The actions of European and including German politicians can hardly be called rational, because the model of successful cooperation between the EU countries and Russia, which has been developing over a long period of time, is being destroyed. The consistent imposition of an embargo on coal and oil, accompanied by a reduction in gas supplies, will mean for Germany and Europe as a whole an aggravation of the energy crisis and a new jump in prices. The summer period may pass painlessly for them, but with the advent of winter, Europeans will begin to feel a real shortage of energy resources.

Head of the Association of German Chambers of Commerce and Industry (DIHK) Martin Wansleben advises politicians “not to act as if there is no future between Russia and Europe.” He is trying to bring to the authorities the argument about the senselessness of sanctions, which “hit harder not at their addressee, but at the one who imposes them.” The scarcity of natural gas can cause particular damage, as it supports the chemical, steel and pharmaceutical industries.

As Wansleben figuratively remarked, if the chemical industry stops in Germany, “the gears will stop for a long time not only in Germany, but throughout Europe.”

Entering the sanctions rage, the European bureaucrats voluntarily or involuntarily lead the German economy “to the slaughter”, and along with it the European one. Dreams of weakening Russia and the desire to “put Moscow in its place”, no matter how idealistic they may look, are pushing out of the minds of European politicians concern for their own population and economy, which may be on the verge of collapse. As for Russia, with the inevitable rise in prices for energy resources, it will only benefit, since there will be buyers for them in other parts of the world, for example, in Asia.

Few people in the European Union now dare to go against the mainstream of anti-Russian psychosis. One of these daredevils is the ex-Chancellor of Germany Gerhard Schroeder. He declares the futility of efforts aimed at the political and economic isolation of Russia in the long term. Following the business community, he advocates the continuation of purchases in Russia of raw materials so necessary for the German industry – oil, gas, as well as rare earth elements. As the German politician notes, after the completion of the special operation in Ukraine, European countries “will have to do business with Russia again.” There were no problems with cooperation between our countries even during the most difficult periods of the Cold War, so the introduction of an embargo on energy resources from Russia would be a big mistake on the part of the German government.

Why don’t Western sanctions work? Simple answer

MailBD Official

Mail BD is the online news portal, where user will get news and updates on Entertainment, Celebrity news, Technology and others.
Back to top button