Re: Russian Gas ban - A problem for Europe or suicide for Russia?
Remember the main axiom - in fact, any step by Russia is "shooting yourself in the foot"! Why ? This question is for them Smiley
Now let me ask you another question. Is Europe economy export-dependent and how are they going to cover the billions of dollars deficits? For example the couple of markets that we took over in the past 2 weeks alone was estimated to increase our exports by $4 billion. That is $4 billion in 2 weeks that Europe will never see again. I don't know how much that is annually. Don't you think Europe shot itself in the foot or maybe better said US shot Europe in the foot?
I'm happy to answer questions
Of course, the EU economy depends on exports! And now some numbers. Data for 2021 can be verified in open sources.
Export from the EU to Russia is about 90 billion per year. At the same time, for example, export to Ukraine is about 25 billion per year. This is so, to understand the scale.
And the total exports from the European Union amounted to 2.19 trillion. What is the share of Russia in this turnover? As much as 4 percent! Further continue?
Leaving the market of Russia and Chinese companies will most likely lead to auto-compensation of these 4 percent, due to growth in interaction with China. In a word - for the EU economy, 4% will not be critical losses!PS And please voice - which markets have you "captured" that the EU has now "lost forever"? And please tell me - what are the trends now in industrial production in Russia? Growing?