Meet the New Boss; Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry
MIKE WHITNEY • JUNE 15, 2022
UNZ
“Rejection of Russian energy resources means that Europe will become the region with the highest energy costs in the world. This will seriously undermine the competitiveness of European industry which is already losing the competition to companies in other parts of the world…. Our Western colleagues seem to have forgotten the elementary laws of economics, or simply prefer to ignore them.” Vladimir Putin, President of the Russian Federation
“On Tuesday, Russia announced a 40% reduction in the flow of natural gas to Germany through the Nord Stream pipeline. The announcement, that was made by Gazprom officials, sent tremors through the European gas market where prices quickly soared to new highs. In Germany—where prices have tripled in the last three months—the news was met with gasps of horror. With inflation already running at a 40-year high, this latest reduction in supply is certain to tip the German economy into recession or worse. All of Europe is now feeling the impact of Washington’s misguided sanctions on Russia….”
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This entry was posted on Wednesday, June 15th, 2022 at 10:18 am and is filed under Anti-War, Censorship-Propaganda, Columnists, Death Squads, Disaster Capitalism, Earth, Econo, Energy, Freedom, Geopolitics, Hot Topics, Justice, News, NWO, People, Politics, Regime Change, Russian propaganda Russian hacking, Sanctions, War Crimes. You can follow any responses to this entry through the RSS 2.0 feed.
