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Europe needs to stop the energy sanctions with immediate effect. It has both a European and global effect that hurts us western people much more than Russia. Ru
by ricardobayes 4y ago
Europe needs to stop the energy sanctions with immediate effect.
It has both a European and global effect that hurts us western people much more than Russia.
Russia has prepared for this situation and has built a closed-circuit economy since 2014. Not to mention they have lost their trade partners suddenly in 1993, so they have rehearsed for this.
Ruble hit strongest level for the past 7 years. The sanctions are _not_ working.
- gebruikersnaam 4y agoThere are no energy sanctions, your Kremlin PR is obvious and boring. Russia doesn't have a 'closed-cricuit' economy, it's fully dependent on western imports for their technology. Why have all auto plants shutdown? Why are tank factories shut down? Only in a pre-1917 way are they self reliant.
- ricardobayes 4y agoWhat do you mean there is no energy sanctions? https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/031722-infographic-russia-sanctions-ukraine-energy-commodities-explained https://www.spglobal.com/commodityinsights/en/market-insight... I just read an article today that 1 in 7 Belgian missed a meal in the last two weeks due to the inflation and elevated energy prices. Why do we need to suffer because of an agressive state attacked another one thousands of miles from me? You are right they might be pre-1917 but they don't seem to mind it. Us in Europe can't exist with pre-1917 tech/mindset.
- bunje 4y agoHow quickly do you think stopping the sanctions would bring the energy prices down? Russia already stopped gas exports to several countries.
- ricardobayes 4y agoI don't know, but what I do know is that in Hungary you can just buy 50 liters max, because there is a shortage already. If this situation has not affected your livelihood yet, that's great. But sh*t will hit the fan real hard come autumn in Central Europe.
- gebruikersnaam 4y agoCommodities are more than energy. Yes, the EU plans to stop using Russian oil and gas, but that's not the same as sanctions.
- ricardobayes 4y agoI guess you are right, seems like I was mislead by reading the headlines on Reddit. That just shows the power of media distorting facts. But semantics aside the situation starts to get a lot worse in some countries, like in Hungary there is a fuel shortage already.
- gebruikersnaam 4y agoHungary is about the only EU country that doesn't stop using Russian oil.
- ricardobayes 4y agoYeah, that's why interesting that they have a shortage. From friday you can only buy 50 liters per day. Some franchises limit it to 20.