Russia is in a position where they could just not sell any gas to Europe and not suffer any serious damage to their economy.
RT:
Russia can shut down its natural gas exports to Europe entirely for more than a year, without inflicting significant damage on the national economy, Bloomberg has reported, citing strategists at Capital Economics.
In light of the current price situation, Russia’s “balance of payments is in such a strong position that, if oil prices and oil exports remain at current levels, Russia could keep gas exports to Europe at 20% of normal levels for at least three years,” analysts at the consultancy said in a note seen by the agency.
A year-long supply cut-off by Russia could happen “without adverse consequences for its economy,” Liam Peach, one of the economists at Capital Economic said.
According to Peach, despite reduced volumes, Russia’s quarterly earnings generated by gas exports could amount to $20 billion.
“Whether or not Russia turns off the taps completely will be a political decision and the length of any cut-off would depend on the size of offsetting oil revenues,” Peach said.
The media is finally coming clean and stating the obvious. These sanctions on Russia have totally failed to do anything to their economy. They are in a stronger economic position than ever.
The West has built an iron curtain around itself and the rest of the world is looking at us like we’ve gone insane. They are not wrong either. The West is pushing child trannies and other lunacy that the rest of the world does not support.
Russia should kill gas to the European countries that are giving the Ukrainians weapons and other aid. That’s at least what I would do if I were in their shoes. They might not have to bother though. These countries are already facing ruinous economic conditions.
