4 ms·
> LNG is more expensive than Russian gas so it makes or made economic sense to do that. It only made sense if one pretends that Russia is not Russia. To get t
by adventured 4y ago
> LNG is more expensive than Russian gas so it makes or made economic sense to do that.
It only made sense if one pretends that Russia is not Russia.
To get there you'd have to forget to take into account all of the factors, namely that Russia's culture will always bring it back to trying to conquer its smaller/weaker neighbors.
Risk is a factor when considering economic security. Whether something makes economic sense must include that factor or it's a garbage calculation. The EU widely ignored this obvious risk regarding Russia. It has been obvious what Putin was for at least 15-20 years. And anybody that missed it after 2014 is an outright fool. I remember reading about his moves to strip the Russians of human rights in the early days of his reign and it was quite clear what he was doing and what direction he was going (standard Russian authoritarian), all of this is the natural culmination. I don't believe the EU was taken by surprise by Putin's choices, they merely wanted their cake and wanted to eat it too (for as long as possible), which is pretty typical behavior. Now they get to pay for that willful mistake.