Post
Topic
Board Economics
Re: Russian Gas ban - A problem for Europe or suicide for Russia?
by
Moneyprism
on 20/09/2022, 13:33:22 UTC
Can't say how much India is suffering but Pakistan is suffering alot even though its sitting very next to world largest oil and gas reserve country. Buying expensive LNG from Qatar instead of cheap Iran gas, producing expensive electricity from furnace oil but not willing to buy cheap Iran Electricity. All this is because of USA sanctions on Iran and also forcing other countries not to trade with Iran.
Now Europe is facing energy crisis and they must thank USA for that. Just like we are suffering.

most developing countries are facing this problem,, especially in Asia,, they are very interested in buying oil from Russia or Iran to be able to suppress oil prices in their countries, but the problem is that America will impose economic sanctions on countries that buy oil from Russia or Iran .. this is a dilemma because America also provides a lot of subsidies to these countries but at the same time the price of oil in their country starts to soar which will cause inflation to get worse