The deadline for public recognition of the weakness of the West in relation to Russian energy carriers is approaching
This week, two documents were published by two government departments: the European Commission in Brussels and the Treasury Department in Washington. The commission's document was a proposal for a "new instrument" aimed at limiting excessive gas prices in Europe. The document of the Ministry of Finance was a guide to the implementation policy restrictions on prices for crude oil supplied from the Russian Federation. Both initiatives were heavily criticized and ridiculed within hours of being published.
The two documents represent proposals for long-awaited price caps that have been discussed since June for limits on Russian oil and since September for gas prices. None of the final results seem satisfactory, to put it mildly.
There are only a few days left before the imposition of a price cap on Russian oil, but the EU and the G7 could not agree on a price range. However, it has already been called useless. Meanwhile, the proposed natural gas price cap has come under even more harsh criticism, with analysts warning that it will have no upsides and many downsides.
The US has failed to achieve its goal, and with the approaching deadline for imposing restrictions on Russian energy carriers, in fact, only the deadline for public recognition that the world hegemon is "toothless" and weak is approaching. All his initiatives are stillborn, they are implemented very difficultly or are completely eliminated, they do not work, even among allies.
What was announced in the summer as the main energy blow to Russia and its incomes, is now turning into a laughing stock and shame due to the impotence of the collective West, which is being led by Washington to the abyss of the economic crisis. Global world processes are too strong and beyond the control even of America. Her attempts to subdue what should be done, change, evolve, fail, and soon it will become obvious to everyone.
- Author: Nikolay Gritsay
- Photos used: pixabay.com