Re: Russian Gas ban - A problem for Europe or suicide for Russia?
I read that in the 70s of the last century there was a similar situation - the Arab countries imposed an embargo on the supply of energy carriers to Europe.
And this led to an economic crisis in Europe, in particular in Germany. At that time, restrictions were placed on the use of private cars by Europeans.
From this we can conclude that the Kremlin's view of the Europeans as pampered crybabies who run to give up at the first serious difficulty is absolutely wrong. This is a typical example of cognitive bias. The Germans and other Europeans accepted this challenge with dignity and reduced their gas consumption at home.
At the same time, this situation is catastrophic for the future of Russia, since it has lost the most important irreplaceable resource - the reputation of a reasonable and respectable counterparty.
And this led to an economic crisis in Europe, in particular in Germany. At that time, restrictions were placed on the use of private cars by Europeans.
From this we can conclude that the Kremlin's view of the Europeans as pampered crybabies who run to give up at the first serious difficulty is absolutely wrong. This is a typical example of cognitive bias. The Germans and other Europeans accepted this challenge with dignity and reduced their gas consumption at home.
At the same time, this situation is catastrophic for the future of Russia, since it has lost the most important irreplaceable resource - the reputation of a reasonable and respectable counterparty.
That "crisis" had similar features. True, Europe has not drawn conclusions. Now it seems that after the second time they ran into the same problem, they decided to think about it and change something
The essence of the problem is the monopolization of the market by one or a "related group" of suppliers. And their ambitions. So then the European economy was heavily tied to energy from the Arab countries. What caused the crisis, I will not even remember now, the point is that they "turned off the tap" and Europe has problems. The second mistake was the gas monopolization of the industry of the main European players (Germany, Italy, France) by Russian gas. I'm sure you've been watching what's going on in real time. The same "game" itself - they turned off the tap, tried to show who was in charge here ... and got screwed
Europe quickly found an alternative. And this time they acted smarter - they diversified supply channels.PS if you go back to Russia - all she has done since 2104 is shoot herself in the foot. More precisely, first in the leg, then in the arm, then in the ass, and now it looks like they put the barrel to their head
And some news from the "stable economy":
Rosstat is trying to convince Russians that their standard of living in 2022 fell by only 1%, while wages allegedly increased by 12.7%, inflation was below 12%, and unemployment was only 3.7%.
But in reality, prices have risen 1.5-2 times, and the standard of living has also collapsed! 17.2 million below the poverty line! 80% - save on food