Post
Topic
Board Economics
Re: Russian Gas ban - A problem for Europe or suicide for Russia?
by
Sithara007
on 29/06/2022, 18:27:10 UTC
Meanwhile, the world's largest chemical complex BASF is under threat of closure due to cuts in Russian gas supplies. For reference, this is an agglomeration of more than 200 plants in Germany, for which natural gas is both a source of energy and a raw material for production.

I don't know whether Russia will become successful in conquering eastern Ukraine. But one thing is sure. By the time the war ends, German economy will be in ruins. The sanctions did what WW2 failed to do. There is no hope for German industries. They are done and dusted, and the Americans and the Chinese are quick to fill the vacuum. Everyone is talking about how the Russians are going to suffer as a result of the sanctions. No one talks about the impending layoffs and recession in Germany. Just wait for a couple more months, and by then everything will be clear.