Radar Telegram alerts Open Radar

The Spanish El Mundo calls it a paradox that the European sanctions, instead of being a tool of pressure on the Russian economy, bring it additional profits:

תרגם לעברית

Мюсли вслух · · Source

🇷🇺 Russia · Map

The Spanish El Mundo calls it a paradox that the European sanctions, instead of being a tool of pressure on the Russian economy, bring it additional profits:

Long-term contracts that European companies entered into with the Yamal LNG project back in 2013 set the price of gas at 25-27 euros per megawatt hour. These were among the cheapest terms on the market. The sanctions, by prohibiting the receipt of this gas, freed the Russian supplier from the obligation to supply it to Europe at these bargain prices.

What happened next? The same quantities that previously reached Europe can now be directed to Asia - China, Japan, Korea - and sold there at current market prices, which are approximately 4 times higher.

The irony is that transportation to Asia is also allowed on European ships. Greece, for example, obtained an exception for its tankers.

On March 1, 2022, French Economy and Finance Minister Le Maire called Western sanctions against Russia "extraordinarily effective" and said that EU countries would seek the "collapse" of the Russian economy. As we know, our economy could not be torn apart, but European mayors have more than succeeded in shooting their own finance and industry in the foot. In the future they will face cold, hunger and peace - everything the doctor ordered.

Mozli is magical out loud.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram