Cutting off trade with russia is like jumping in the deep dark well. I am not able to understand. How EU decided to put so many sanctions on Russia - being well aware that they are their oil and gas suppliers and there is no alternative to it. Now another trouble is coming. Let's see how EU comes out of it.
Here in India, we are suffering from the consequences of the war that is being waged thousands of kilometers away from our borders. The government today reduced taxes on diesel and gasoline to make them more affordable to the common people. But that also means that tax rates need to be increased in other domains. Some of the oil and gas supplies are now coming from Russia at discounted rates, but they make up only a small portion of the overall imports. People in my country are being made scapegoats.
@Sithara007 - I read your comments everyday. I have read and heard in news that INDIA purchase oil and gas from Russia. But when Pakistan tried to purchase oil and gas from Russia we saw serious consequences. And out elected government was toppled. We are in political and economic turmoil.
rights, political and economic turmoil. Indeed, from the start, politics and economics seemed inseparable, because they were loaded with government interests. may be a temporary problem for Russia, with their reduced oil exports, but for countries importing oil from Russia, of course this is a serious problem, of course the problem of inflation in their country is inevitable. therefore the weak will eventually follow the will of the key holder
seems like a suicide weapon in the political economy between Russia and the West. Western countries are too sure to destroy Russia but do not realize that all their oil and gas needs are in Russian hands. western countries have received criticism from russia to get oil must pay in rubles indirectly they have supported the russian economy by destroying its own economy. really confusing.