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Are Sanctions on Russia Working?
- Comevius 4y agoAs the article said in this conflict the military, technological and financial elements are intertwined. It is not clear that Russia is losing on either front currently. They are not winning either, at best it's a stalemate. What is clear however is that tens of millions of people in Europe are facing energy bills they can't afford and brownouts. This winter will be nothing sort of a humanitarian catastrophe. A recession is also likely, but the concept of recession, the macro numbers themselves won't paint an accurate picture because of inequality. What will likely happen is that millions of people will find themselves outside of the economy, without significantly affecting the macro numbers, so the situation is going to be worst in reality than on paper, but those who aren't affected simply won't care. This is a sad and needless war Russia is forcing on us, but the truth is that they are already at the bottom and don't stand to lose as much as we do. The bright side is that Europe can come out of this stronger, but only with adequate policies that don't leave people behind.
- Proven 4y ago
- NicoJuicy 4y ago
- NicoJuicy 4y agoSome countries only have 6% Russian gas imports. Other countries are diversifying and it will be forever. Russian oil will be cut off immediately/more easily. The disaster for Russia is that natural resource profits will plummit and the tech industry will be no more. Perhaps this is what Putin wants, similar as in Chechnya/Syria (eg. For cheap military forces). Clock is ticking for Russia, 4 years to build LNG terminals. That's not a lot of time.
- Comevius 4y agoThe share of renewables is currently around 25% in Europe, and the target is 45% by 2030. My fear is that we will end up leaving tens of millions behind, condemning them to a life without energy security, since it won't make sense economically to build all this new infrastructure in many places. Russia on the other hand with it's unlimited energy can figure out how to get it to countries like China and India. If you have energy you have everything, because it's a seller's market, and the world is a much bigger place than just the countries participating in the sanctions. At the end of the day there is no replacing the energy density, storability and price of fossil fuels. They will likely remain the primary driver of growth for developing countries that can't afford anything else.
- NicoJuicy 4y agoNo they can't. The gas sources to Asia are different from the pipelines to Europe. Additionally, Russia doesn't nearly have enough ships to replace a decent part of the deliveries to Europe. Additionally, they will definitely pay a lot less.
- stop50 4y agoThere are reports of burning gas in some russian sources.this is because shutting down costs more money that resume operation and burning gas.
- stop50 4y ago
- desindol 4y agoShould I invest in coffin makers or do you have financial advice as bad as this hot take.
- Comevius 4y agoThe trends in the funeral services industry is that there are only a handful of publicly traded companies and they keep grabbing bigger and bigger slices of the pie. The pie is not growing as fast as it used to be due to price transparency (due to regulation and the Amazon effect), competition and changing attitudes toward cremation, but it is growing, and it is a lucrative long-term investment, one that makes sense even (or some would say especially) in a bear market. The chain-store economy only recently started slamming the family-owned businesses in this industry, so there are definitely opportunities. As always this is not a financial advice.
- Kukumber 4y ago
- junon 4y agoI've never understood this argument. I don't see how American prompted or forced anything on Europe, let alone Ukraine.
- Comevius 4y agoYou mean the Russian propaganda that there wouldn't be a war right now with Ukraine capitulating to the Russian aggression. Unfortunately for you and Germany back in 1939 this is not how it works. The European people and it's descendants don't just roll over when tyranny knocks. Sorry, not sorry. Most of us would gave up a limb or two before letting some ghoulish dictator tell us how to live.
- t6jvcereio 4y agoI'm European and I don't agree that the Americans are doing anything wrong in this specific case. If anything the Americans are doing a better job of fighting the attacker than we are.
- Kukumber 4y ago
- t6jvcereio 4y agoAnd your are very prone to propaganda. One side walks back on a contract and calls us europoors, the other side invades us and bombs us cities. This should be clear cut, but morons like you are very confused.
- Kukumber 4y agoI'm not confused, i read history, i respect its timeline, and i do not take shortcuts I read and analyze both sides ESA will give up Ariane and use SpaceX, again, that should ring bells ;)
- thdespou 4y agoIt's not that bad as you paint it. Sure there will be inflation and rising electricity prices but there is a lot of money poured into the system already. You can see the accumulated wealth all around you (at least in Ireland). People will have to learn to tighten the belt a little bit and not eat outside all the time nor buy the latest iPhone. We will survive.
- zeristor 4y agoPutin: from Nero to Zero
- simonblack 4y agoThe sanctions are working beautifully. The only catch is that they're working better against the sanctioners than against the sanctioned.