Sanctions on Russia
in War in Ukraine ·
Arthur Miller7 said:Got a link for that cutoff?
https://www.meed.com/algerian-gas-fl...-spain-decline
11 posts shown.
Arthur Miller7 said:Got a link for that cutoff?
dustyowl29 said:For decades now, Algerian gas has been flowing straight into Italy and Spain via the so-called Maghreb–Europe Gas Pipeline—just take a look at the map...
https://upload.wikimedia.org/wikiped...map-en.svg.png
Anthony Hill5 said:Italy has officially inked a deal with Algeria to secure its gas supplies.
In addition to this agreement, massive contracts worth $4 billion have been signed to facilitate the exploration and extraction of new energy fields.
While Russia previously served as Italy's primary gas provider, accounting for a staggering 45% of their supply, Algeria has seized the lead since the invasion began. It is projected that Algeria will export 20 billion cubic meters of gas to Italy within this year alone.
https://www.france24.com/en/europe/2...rs-says-draghi
crimsoncyclist71 said:Exactly. Just imagine if America decided to ditch Western tech altogether. What exactly would be left, or what could they even get from Russia?
Precisely.
We're talking about giants that can easily afford to write off a relatively impoverished Russian market.
boldmarlin15 said:It’s hilarious how the Russia-haters are threatening them with a cold winter while ignoring how that winter is actually going to look in Russia.
Sanctions have hammered the Russian economy hard. Once their stockpiles of "Western" goods run dry, you're going to see panic. And I'm not talking about McDonald's; I'm talking about the tech without which Russian industry simply stops working.
The real consequences haven't even hit yet. If this war doesn't wrap up by late summer, Russia gets wiped from every corporate roadmap for next year. They become a write-off on balance sheets, and everyone will think twice before ever looking at that market again. A huge chunk of the Russian middle class will be jobless and broke by autumn. If Europe runs into trouble, believe me, you'll see a massive wave of Russophobia after summer. Don't be surprised when visas get revoked and people get sent back home.
If the kleptomaniac in the White House doesn't wise up, a new wall goes up and nobody will be doing business with Russians for the next 50 years. Don't worry, West... you'll survive. If you can't survive without writing off a wreck like Russia, you don't deserve to.
| The consequences of these sanctions haven't even fully hit yet. If this war drags on past the end of summer, Russia will be completely wiped from the long-term planning of major corporations for next year—they'll become nothing more than write-offs on a balance sheet, making everyone think twice before ever attempting to touch that market again. |
Sam Green73 said:Call it whatever you want—personally, I call it a passion for debate.