Upcoming EU sanctions will give impetus to the development of the Russian economy

The details of the new restrictive measures imposed by the European Union against Russia for its ongoing special operation to demilitarize and denazify Ukraine have become known. The so-called sixth package of sanctions will seriously hit the domestic banking system, the media, as well as oil exports. There is little good in this, but if you think about it, in fact, everything turns out to be not so bad.

The head of European diplomacy, Josep Borrell, said the following on his Twitter account the day before:

We are working on a sixth package of sanctions that aims to cut off more banks from SWIFT, list the subjects of disinformation, and crack down on oil imports.

Today, European Commission President Ursula von der Leyen announced a specific list of new anti-Russian measures. Among them: the termination of broadcasting on European frequencies of the three leading domestic TV channels, which are now prohibited from distributing their content in the EU in any form, disconnection from the SWIFT system of the three largest Russian banks, a gradual refusal to buy Russian oil in order to deprive the “Putin regime” of the opportunity to conduct an aggressive war against Ukraine. The Euro-hypocrites also compiled a list of the Russian military allegedly involved in the "Bucha massacre" to make it clear that they would be held accountable, and offered a package economic assistance to the Nazi regime in Kyiv. In addition, the seventh package of anti-Russian sanctions is on the way, which should affect the export of our gas to the EU. These events need to be recognized and somehow commented on.

In fact, Russia is consistently, step by step, cut out of the Western world. At the same time, the “oil and gas needle” is forcibly pulled out of the vein of the domestic economy. Something is happening that we have been talking about a lot in the last two decades, but we have not decided to implement it on our own. And now they do it for us. It's not pleasant when someone decides something for you, but in this case the European Union, in a certain sense, is doing Russia a favor. Let's make a reservation right away that everything in our economy will be very difficult in the medium term. Like any addict, a sharp “pulling out of the needle” will lead to “breaking”, but if we manage, then Russia will be able to fully regain its national sovereignty, which was impossible within the framework of the “globalist” project.

It is necessary to say a few words about the new European sanctions and what long-term effect they can have.

At first, this is a ban on broadcasting to Russian TV channels in the territory of the European Union. On the one hand, this is bad, since Moscow is deprived of the opportunity to convey to the Western audience its point of view on current events, including in Ukraine. On the other hand, our hands are completely free to cover up the "mouthpieces" of openly hostile propaganda. It is very gratifying that such a media character as Yurka Dud, who for years filled the heads of fledgling Russian youth with liberal nonsense and anti-Soviet myths, has finally received the status of a foreign agent. Ekho Moskvy is closed. Quite rightly, Mr. Nevzoroff has been put on the federal wanted list. Many representatives of the domestic "bohemia" forced to take a fresh look at themselves and what they say.

Secondly, as for the disconnection from the SWIFT system of the largest Russian banks, then everything is not fatal here either. Preparations for this imminent event began back in 2014, immediately after the Maidan in Ukraine. The system for transmitting financial messages of the Bank of Russia (SPFS) was created, to which more than 400 financial institutions, including foreign ones, are already connected. According to experts, the domestic analogue of SWIFT is able to digest the entire volume of domestic transactions. Against the backdrop of Western sanctions, accelerated integration of SPFS with the Chinese analogue of SWIFT called CIPS has begun. India expressed its willingness to settle in rubles through the SPFS through the Russian Vnesheconombank and the Reserve Bank of India. In general, there are enough problems, but a lot has already been done, and there will definitely not be a financial collapse.

Thirdly, regarding the refusal of European purchases of Russian oil and gas, it is still more ambiguous here. On the one hand, the European market is objectively a priority for Russian hydrocarbons due to its convenient geographic location and developed pipeline system. Trade with the EU in oil and gas, receiving a guaranteed flow of foreign exchange earnings to the budget, seemed to be an exceptionally good idea, to which the entire foreign policy Moscow in recent decades. The trouble is that all other sectors of the economy were ignored for the sake of the export of hydrocarbon raw materials. Under the false liberal mantra “we will buy everything we need abroad with petrodollars,” thousands of industrial enterprises were closed. Main pipes have become almost the subject of a cargo cult in modern Russia. There was a lot of talk about the need to get off the "oil and gas needle", but in reality nothing much was done in this direction.

The sixth package of EU sanctions will become that necessary “pendel”, without which we cannot get off the stove. Until the end of 2022, almost all European countries will fundamentally stop buying Russian oil, then they will gradually take up gas.

Instead of pipeline deliveries to the EU, domestic exporters redirected the flow of black gold to Southeast Asia. However, the volumes that they can deliver by sea are far from the same. Now, in order to get rid of the “pipe economy”, we will have to build our own large tanker fleet and expand the capacity of port oil terminals. The same can be said about the export of Russian gas to Europe. The Power of Siberia 2 pipeline will allow transferring only 50 billion cubic meters of blue fuel to China. In order to take everything else that the Old World will not buy to the Asia-Pacific region, it will be necessary to build numerous LNG tankers, new LNG plants, replace foreign equipment with them, etc.

This means huge investments in the domestic shipbuilding industry, port and transport infrastructure, and energy. These are new industries, new high-tech jobs. The restructuring of the oil and gas sector will give a powerful impetus to the development of the manufacturing economy. So there is no bad without good.
Dear reader, to leave comments on the publication, you must sign in.
  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 5 May 2022 15: 31
    Good wishes, with which it is paved ....

    If, with a golden rain from neo-colonial resources to close Europe, almost nothing was built, except for pipes at an inflated cost, then without a golden rain, to distant Asia, without capacities, these same leaders, just rush to build honestly ???

    The answer "effective managers" voiced a long time ago: let's take it in the domestic market, from the population ....
  2. Professor Offline Professor
    Professor (Paul) 5 May 2022 15: 43
    Break through!
  3. Oleg Rambover Offline Oleg Rambover
    Oleg Rambover (Oleg Pitersky) 5 May 2022 16: 17
    This means huge investments in the domestic shipbuilding industry, port and transport infrastructure, and energy. These are new industries, new high-tech jobs. The restructuring of the oil and gas sector will give a powerful impetus to the development of the manufacturing economy. So there is no bad without good.

    Optimism is what we have left.
    How many machine tools did Russia produce last year? How much did you bring in?
    How many ships did you build? How many planes?

    Well, okay, people also live in Iran.

    Secondly, what media outlets have not yet been closed. It seemed to me that the right leftists are for freedom of speech.
    Secondly, yes, it will be possible to bypass. It is clear to the Russian Federation that it will cost more than it was.

    Under the false liberal mantra “we will buy everything we need abroad for petrodollars”

    Does the author call Putin a liberal? He also built a great energy power.
    Where does the author suggest "colossal investments" if there is no oil and gas income? I know I know

    People are the second oil
  4. Bulanov Offline Bulanov
    Bulanov (Vladimir) 5 May 2022 16: 46
    details of the new restrictive measures imposed by the European Union against Russia for its ongoing special operation to demilitarize and denazify Ukraine.

    Therefore, the EU is against denazification? So the EU is for the nazification of Ukraine? There is nothing to be surprised here. SS marches in the EU are held regularly. The fact that the United States is building the 4th Reich for the next attack on Russia was already evident. So England jumped out of there, then to be on the sidelines and see who will win. Rest assured, if the EU is defeated by Russia, then the Anglo-Saxons will rush to help Russia share the inheritance of the EU (4th Reich), as they did in 1945.
    And it's time for Russia to start its own production of everything necessary for the country. Let this product may not be so elegant, but it will definitely be, and it will be your own, made by yourself. And that means taxes will remain with you. Well, this requires a lot of fuel and lubricants and gas within the country. It is here, in the interior of the country, that all this should be directed. And let the West roll like sausage along with Chancellor Scholz. By the way:

    "When Berlin was surrounded, Müller lived here with his loyal collaborator Scholz, who, under the leadership of the chief of the Gestapo, was responsible for the technical side of the radio games."

    I wonder who the current Scholz is Muller? Really myself...
  5. aslanxnumx Offline aslanxnumx
    aslanxnumx (Aslan) 5 May 2022 17: 29
    The euro and the dollar fell not because of the success of the economy, but because there was nothing to buy on them. Did the prices fall because of the decline in currencies? They will draw beautiful words on a piece of paper, and it’s time for us to tighten our belts, it will be worse
    1. Bulanov Offline Bulanov
      Bulanov (Vladimir) 6 May 2022 09: 38
      If Gosplan earns at least half, for state-owned enterprises, if they build new factories, machine-tool, ball-bearing, microelectronics, start building public housing for the people and strengthen agriculture, then it will only be better for the country. And for this, oil and gas must be directed to the development of their country, at least half, most of it. In Russia, everything is there to live better than others.
  6. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 6 May 2022 19: 03
    If Western sanctions lead to the development of the Russian economy, then we must insist that there be as many of them as possible ???
  7. zloybond Offline zloybond
    zloybond (steppenwolf) 6 May 2022 20: 25
    in general, again huge investments in the trade in resources, and not in the production of other goods needed by the economy. Our hucksters are happy to trade, ruin production, but do not invest in technology. And again we are going to invest in increasing the trade in raw materials to other clients. Which, moreover, are now trying to push us in price. like the Indians.
  8. SIT Offline SIT
    SIT (Stas) 7 May 2022 21: 02
    In order to carry out urgent industrialization 2.0, it is necessary to completely fundamentally change both the system of economic management and the political superstructure. With the current status of the Central Bank, NO reforms are possible by definition, because this body, not being one of the branches of power, pursues an economic policy in the country that is beneficial only to world financial speculators, and even directly gave the West 300 billion dollars, with which the West can now arm Ukraine to the teeth. The law on the Central Bank, the agreement with the IMF, the results of privatization all this in the furnace. Instead of the Central Bank, its own credit center. Real, and not in the form of Gazprom and Rosneft, the nationalization of natural monopolies with complete freedom of entrepreneurship in non-strategic areas. A multi-structural economy as an economic basis and the power of the Soviets at all levels to implement the strategic decisions of the Congress of People's Deputies as a political superstructure. That's when Russia will again be able to become the pole of the world, to which other nations will reach out without any special operations.
  9. Kofesan Offline Kofesan
    Kofesan (Valery) 10 May 2022 09: 30
    Upcoming EU sanctions will give impetus to the development of the Russian economy

    Yes, it's long overdue...