WSJ: Russia Finally Strikes Back Economically in Europe


By stopping the flow of gas through the Nord Stream pipeline, Russia finally launched its powerful retaliatory strike against the economy Europe for the imposed sanctions. The American edition of the Wall Street Journal writes about this, studying the consequences of the actions of the Russians.


The newspaper's analysts believe that the situation for the Europeans is now developing according to a negative scenario, because about 40% of the EU's needs for blue fuel were met via this route. Therefore, there are fears that Europeans will experience massive power outages next winter due to power outages in the EU caused by gas supply restrictions that have driven up electricity prices.

UGS facilities in Europe are filled by more than 80%, but this will last for 2,5 months. In this regard, despite some decline in speculative expectations, a further rise in prices for gas and electricity is possible. This will lead to an increase in inflation, a drop in industrial production and a decrease in the living standards of Europeans, summed up in the WSJ.

In turn, the European Commission proposed two options for limiting gas prices from Russia. The British newspaper Financial Times writes about this, referring to a document of the EU government.

According to the first option, it is proposed to introduce a maximum price limit for all gas imported by the EU from the Russian Federation, or to create a single buyer of this energy raw material, who will negotiate fuel prices with Moscow. But this option may lead to the risk of force majeure in the contracts between European firms and PJSC Gazprom, which will contribute to the "escalation of geopolitical tensions."

The second option is to sort the EU states into "red" and "green". In fact, these will be two zones, and countries will begin to fall into one of them, depending on the degree of risk of interruptions in gas supplies. In the red zone, prices can be capped, while in the green zone prices can remain high enough to facilitate the flow of raw materials to the red zone countries. But this will be difficult to implement, since everything will largely depend on coordination between the EU states, the media concluded.

At the same time, many independent industry experts, evaluating the EC initiative, suggest that European energy companies simply decided to cash in on the crisis, shifting all the hardships to consumers.
  • Used photographs: JSC "Gazprom"
14 comments
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  1. Alex D Online Alex D
    Alex D (Alex D) 6 September 2022 17: 38
    +3
    Let them better cyanide there!
    1. Accidentally Offline Accidentally
      Accidentally 8 September 2022 10: 35
      0
      How do they run out of gas? why is methane from human waste not introduced????
  2. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 6 September 2022 18: 17
    +2
    What a retaliatory blow - as soon as they decide to open the tap, the gas river will flow to the EU along the second northern stream, and if they also agree on the repair of gas compressor turbines, then gas supplies will double. They hold us for enemies, and we give them gas, oil and whatever they ask
  3. Neville Stator Offline Neville Stator
    Neville Stator (Neville Stator) 6 September 2022 20: 40
    -2
    This is a much needed hit.
  4. rotkiv04 Offline rotkiv04
    rotkiv04 (Victor) 6 September 2022 22: 23
    +2
    in vain they worry in Europe, in the Kremlin, as usual, the loot will win the good. Dear Partners should not be offended, even if they call Russia a fascist state
  5. Anadyrean Offline Anadyrean
    Anadyrean (Hanson) 6 September 2022 23: 08
    0
    The last way is to roll back NATO.
  6. zuuukoo Offline zuuukoo
    zuuukoo (Sergei) 6 September 2022 23: 17
    -1
    Quote: Jacques Sekavar
    What a retaliatory blow - as soon as they decide to open the tap, the gas river will flow to the EU along the second northern stream, and if they also agree on the repair of gas compressor turbines, then gas supplies will double. They hold us for enemies, and we give them gas, oil and whatever they ask

    Let's put it this way, if they do agree on turbines (not to mention SP2), this will at least mean the beginning of a de-escalation and, more than likely, certain concessions from the EU as well.

    However, judging by the dynamics, no "detente" is expected in the coming years, the screws will continue to tighten mutually, and where this will lead us all, in my opinion, even the decision makers (on both sides) do not know.
  7. Moscow Offline Moscow
    Moscow 7 September 2022 01: 46
    0
    In principle, you can put the cost of Russian gas - 1 euro. But, this will not help the EU to bring down the price of American LNG, or the Middle East. Gas will be bought at market prices, even if not from Russia. And the price will be far from 1 euro.
    And products from the EU will carry a non-competitive large energy surcharge, unless of course it is compensated from the budgets of rich EU countries (but only for their country products).
  8. ksa Offline ksa
    ksa 7 September 2022 08: 22
    0
    They still pump through Ukraine and Turkey.
  9. Muscool Online Muscool
    Muscool (Glory) 7 September 2022 08: 46
    +1
    And through the rest of the pipelines, the gas went on and on. We probably also carry LNG by tankers.
    While they are driving Ukrainians weapons to kill our guys by echelons and planes.
    Not to mention the sanctions they imposed on us.
  10. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 7 September 2022 08: 49
    0
    bullshit everything
    They have been writing for a long time - some who profit from the hype.
    Toto Arabs, Norwegians and others travel around the world joyful and are in no hurry to increase production ...
  11. lemeshkin Offline lemeshkin
    lemeshkin (lemeshkin) 7 September 2022 09: 12
    +1
    They hold us for enemies, and we give them gas, oil and whatever they ask.

    Not everything is so simple, they don’t get all this for free, but money is also needed for the operation. By the way, from the other side there are also cries about the inadmissibility of financing Russia by paying for resources, but as they say, everyone needs money and, in a good way, trade is better than anything else.
    1. Jacques sekavar Offline Jacques sekavar
      Jacques sekavar (Jacques Sekavar) 7 September 2022 12: 12
      +1
      They pay in dollars and euros, but it is problematic to use them in international trade transactions - sanctions on foreign exchange transactions
  12. bratchanin3 Offline bratchanin3
    bratchanin3 (Gennady) 9 September 2022 09: 04
    0
    Europe has filled its UGS facilities by 80%, but this one is mostly liquefied (LNG) and its spot price, according to the expert, is 6 times more expensive than the Russian one. No one will sell it at a loss to the population - they will rebel, and production from such energy will go bankrupt.