- cross-posted to:
- worldnews@lemmit.online
- cross-posted to:
- worldnews@lemmit.online
It’s a notable evolution in strategy for the EU, and came after Germany and Hungary held up a deal for weeks.
The EU will hit Russia with unprecedented sanctions against its lucrative gas sector, according to the Belgian EU presidency — a once-unthinkable step that could drain hundreds of millions from Moscow’s war chest.
The decision, which EU ambassadors reached Thursday morning, came after stiff opposition from Germany and Hungary stalled a deal for weeks — though over different parts of the package.
The penalties won’t hit the majority of Russia’s liquid natural gas (LNG) exports to the EU. Instead, they will ban EU ports from reselling Russian LNG after it arrives and block financing for Russia’s planned Arctic and Baltic LNG terminals.
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Massive move. By finally hitting their gas, you put Russia in a bad position. You can’t buy good weapons with oil only, you need cash.
In a little over 2 years the EU went from being primarily dependent on Russian gas to now slapping on sanctions.
I’ll bet China is watching this.
The EU has now started identifying which resources rely on china that we can’t live without and will also start divesting there. Russian gas crunch was a tough and expensive lesson.
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Well maybe a bit. But it also does other things. Like sanction russia.
I dont care if the US gets richer if the reason is russia getting poorer. But you care. So, why do you imply its bad that US economy might grow a bit?
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In essence, this situation leaves the USA as the sole gas supplier.
No it doesnt. Norway, middle east etc exsist.
I’d prefer to buy affordable gas from Russia.
And I prefer buying gas from anywhere else than russia, regardless of the price.
But anyway, since you made that pretty little list, can you explain to me how the korean war, bay of pigs and kosovo were a “war for oil”?
Half of these have nothing to do with oil lol
Simple, Russia leave Ukraine to the Ukrainians and all economics will trickle back.
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How’s growing American economy worse than growing Russian economy?
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Maybe not everything is about stopping the war. Maybe some of it is about not allowing Russia to use their money to fight it.
Is that possible, do you think?
