Not sure why Hungary was excluded. They’re getting oil from Russia directly through the pipelines. Others probably ship them, so that’s why they were excluded? Bulgaria gets it from Kazakhstan, Iraq and Tunisia. But the oil from Kazakhstan comes from Russian pipelines, I think.
How is Europe hurting itself by accelerating green projects and self sufficiency?
Putin making a Billion by selling way under what he would like and having to bend over to keep the Middle Eastern suppliers happy and having to find workarounds is not where he’d like to be, meanwhile my European electricity just got ~20% reduction.
I guess we’ll see how inflation is in the next year. It’s cooled, but remember all that inflation is now baked into the system. Prices don’t actually go down when inflation does.
Yes, my mortgage rates have stopped rising and groceries are expensive but have stopped increasing for the most part.
Do tell me how you relate this to a Russian success and European failure? Or are you just throwing around noteworthy hot topics in the hope it will make your original assertion less stupid?
“Stopped rising” is not “gone down”, which only means unaffordable prices are going to stay unaffordable instead of becoming more unaffordable.
Also I never claimed anything about Russian success. This is American success. America has successfully crippled two geopolitical and economic rivals. Europe is now reliant on the US for gas after the pipeline was destroyed (gee I wonder who did that!)
Although now Russia has started to recover from the sanctions regime it is just accelerating dedollarization lol
You claimed the sanctions we’re a failure implying a Russian success. That’s wrong, they’ve completely overhauled their economy, fucked their population and lost skilled professionals.
Europe has only hurt itself was the other assertion but given the unity among members against the war I’d argue the opposite. It also convinced other nations to join NATO which is a complete failure for Russia.
My grocery bills have gone down and I don’t know what to tell you regarding rent, my mortgage is fine.
I’d call Russia growing at around 3.5% and booking record revenues a pretty bad outcome, from the perspective of people who think these sanctions are doing anything much at all.
Asserting so does not make it so. The Eurozone is in recession and growth is flat, meanwhile Russia is still growing. Russia is coming out ahead of this sanctions/trade war with Europe.
That said? The US is the real winner here. It gets to hurt Russia and Europe and the same time and make them think it was their idea! Meanwhile, people just assume anyone who doesn’t say Russia is going to collapse any day now is working for Putin. 🤡
You mean like how the Soviet Ruble was worth hundreds of dollars, yet the USSR had to pay for western goods with old battleships? Oh, the irony - “Asserting so does not make it so.”
While this is still a big number, Russia’s oil revenue both from the EU and in total has been massively reduced.
I think it’s hard to argue reducing dependency on resources from a frequently hostile country is “harming themselves”, especially since Russia has intentionally interrupted supply as leverage.
Russia’s oil revenue both from the EU and in total has been massively reduced.
Not really. Although Russia revenue from the EU has been reduced significantly, they manage to open up a new market in the East that massively stabilise their gas overall revenues. Russia is nowadays redirecting its resources east and building news pipelines to meet the demand from the East e.g. China. They no longer care much about the EU market.
That was never the intention and totally unexpected outcome of the sanction. They never thought China, India and even Turkey will come to the rescue. To say EU are not affected is an understatement. The EU now has to depend on the higher price gas from the US, Germany had to abandon their green initiatives and go back to coal, and they even have to buy Russian gas at higher inflated price from middleman to circumvent their own sanction - do you really think they dont know they are actually buying Russian gas? Of course they know. But they have to because they will suffer more if they don’t.
Yeah, I overstated my point, Russia hasn’t been untouched by sanctions and trade war. That said? The Eurozone slipped into a recession in June and GDP growth been flat since then, I don’t know why people are trying to argue that they haven’t been hurt by this. The US has orchestrated a master stroke of geopolitics. It has been able to hurt its rivals in both Europe and Russia at the same time and tricked them both into doing it to themselves and thinking its in their own interests.
The Eurozone slipped in to recession because of COVID AND the war. Not only that: Ukraine was a big shadow player in the subcontractor field. Not only that: Most European countries are already out of their recession, only Germany is struggling right now and that’s also mostly because as a country relying on export, it was hurt the most. However, the growth is still around the 0,2 in the plus, so no recession either.
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