European fantasies: the search for sanctions for the seventh package against Russia begins

1 2022 June 6

It took more than a month for the European bureaucracy to reach a tentative consensus and pass an incredibly truncated, compromise, lightened sixth package of sanctions. Its provisions were only miraculously agreed upon at the big EU summit taking place these days in Brussels. However, despite the “creative” exhaustion of principles and ideas for future restrictions on Russia, Europe has already started talking about the seventh package of restrictions, which will be discussed in the very near future and will begin to search for new sanctions. This is stated by the Prime Minister of Estonia Kaja Kallas.

The politician directly admits that there is nothing to discuss, it is necessary to turn on "fantasy", since there is almost no room for new measures and free options. Except for one, of course, when it comes to Russian gas. According to Kallas, the inclusion of restrictions or an embargo on raw materials from Russia in the seventh package of sanctions is extremely unrealistic. In this situation, this is simply not possible.

Further adoption of new sanctions will be even more difficult than before. Until now, European restrictions have hurt Russia, the current package already affects the interests of the EU, and the next one will be directed almost against Europe itself.

- said the head of the Estonian government.

Kallas emphasizes that it was almost impossible to agree on an embargo on Russian oil for a long time. Attempts to eliminate Russian gas from the European market may be completely doomed to failure, which will negatively affect the unity of the EU and skepticism about the union.

In addition, even a discussion of the problem of the seventh package of sanctions, which, as it seems, should be adopted exclusively “on schedule”, and not out of necessity, will cause a sharp jump in natural gas prices and lead to its rise in price several times over. The price of $1000 per thousand cubic meters may later seem to be simply the cheapest and most affordable.

By the way, Serbian President Aleksandar Vucic is already warning about something similar, predicting by the winter of 2022 the cost of gas at the level of 3,5-5 thousand dollars per reference volume. Therefore, in general, the rush of European officials to discuss the seventh package, moreover, with the topic of Russian gas (there is simply no other option), will lead to disaster, when the excitement of traders on the market will really drive up the cost to sky-high values.

pixabay.com

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zzdimk

+1

1 June 2022 09: 48

I have a familiar family, ethnic Germans - since 1991 they have left for permanent residence in Germany a couple of times and returned both times. Now they say: we are Russians and we do not need this paradise, where you are fined for everything and you turn out to be not even the parent of your children. They were very surprised by the rent with utility bills of less than 30 thousand for ours for their own apartment. The last straw was the "refugees" from Ukraine in luxury cars, who download rights everywhere, but no one touches them. Now they sit here and do not think about the West. Even an apartment in Munich was sold.
1. vo2022smysl
  
  0
  
  1 June 2022 19: 14
  
  A very touching story, it’s a pity that ... it’s not true (similar comments distributed with a known purpose have been roaming the Internet for a long time)!
Khaertdinov Radik

+1

1 June 2022 11: 55

European masochists! It would be better if they started solving the economic problems of THEIR STATES, loafers ...
Jacques sekavar

+1

1 June 2022 12: 00

After the sixth package of sanctions, the choice is not so great.
The sixth package of purchases of petroleum products has been reduced by 92% and will be completely stopped in the near future. The EU is the largest consumer and the Russian Federation faces a dilemma where to redirect the entire released volume.
China does not need so much even with “significant” discounts, moreover, it can simply fall under secondary sanctions.
You should not rely on India either, it is economically connected with the West and, under the threat of sanctions, will also refuse or greatly reduce purchases from the Russian Federation.
Japan negotiated for itself the right to retain participation in the project on Sakhalin.
There are no other possible equivalent consumers of Russian energy resources in the world.
Domestic prices are lower than world prices and will not ensure profitability, and it is impossible to bring them to world prices without completely ruining the entire economy.
If Western “colleagues, partners and friends” rest against the horn, they will have to cut production, and this will hit not only the oil and gas industry, but also all directly and indirectly related industries, with all the ensuing consequences from the budget, 30% of which is formed due to the export of petroleum products, to unemployment and social programs .
They can deliver a knockout blow to the financial system, completely banning foreign exchange transactions not only of the leading banks, but also of all the others, including the same Gazprombank through which payments for energy carriers pass today - there are no purchases, there are no payments either in foreign currency or in rubles, but respectively, and the need for the services of Russian banks. Some small “window” can be left, just in case a fireman, but an elephant cannot pass through the eye of a needle.
Well, they will definitely add to the register of prohibited technologies and equipment.
1. House 25 Sq. 380
  
  0
  
  2 June 2022 15: 13
  
  The sixth package, in fact, for today, Russia's oil exports have been reduced by exactly ZERO point, FIG tenths ....
zzdimk

-2

1 June 2022 14: 00

Quote: Jacques Sekavar
After the sixth package of sanctions, the choice is not so great.
The sixth package of purchases of petroleum products has been reduced by 92% and will be completely stopped in the near future. The EU is the largest consumer and the Russian Federation faces a dilemma where to redirect the entire released volume.
China does not need so much even with “significant” discounts, moreover, it can simply fall under secondary sanctions.
You should not rely on India either, it is economically connected with the West and, under the threat of sanctions, will also refuse or greatly reduce purchases from the Russian Federation.
Japan negotiated for itself the right to retain participation in the project on Sakhalin.
There are no other possible equivalent consumers of Russian energy resources in the world.
Domestic prices are lower than world prices and will not ensure profitability, and it is impossible to bring them to world prices without completely ruining the entire economy.
If Western “colleagues, partners and friends” rest against the horn, they will have to cut production, and this will hit not only the oil and gas industry, but also all directly and indirectly related industries, with all the ensuing consequences from the budget, 30% of which is formed due to the export of petroleum products, to unemployment and social programs .
They can deliver a knockout blow to the financial system, completely banning foreign exchange transactions not only of the leading banks, but also of all the others, including the same Gazprombank through which payments for energy carriers pass today - there are no purchases, there are no payments either in foreign currency or in rubles, but respectively, and the need for the services of Russian banks. Some small “window” can be left, just in case a fireman, but an elephant cannot pass through the eye of a needle.
Well, they will definitely add to the register of prohibited technologies and equipment.

I didn’t want to drag all this nonsense into a comment, but I had to.
Just for one question: knockout punch - to whom?
As I understand it, not Russia.