More Weapons to Kiev From Berlin Against German People’s Wishes
Sanctions against Russia or war against Europe?
Dec 20, 2022
By Dimitris Konstantakopoulos
Most serious observers agree that the sanctions regarding Russian oil decided upon recently by the EU, will not only not hurt Russia’s revenues, but will probably boost them by raising the price of oil. These sanctions will at the same time damage a European Union that is badly needing to import energy and which seems well heading into a process of becoming a “third world zone” inside the so called “first world”.
The EU and its allies in the G7 do not, nor can control the global oil market. The price ceiling and the embargo on Russian oil will probably end up in practice with an increase in the general oil price and cheaper prices for the Russia’s remaining clients. It will represent a gift to Russia, India, China, Iran, Venezuela, all enemies or potential enemies of the West, including Türkiye, which is making fantastic profits by maneuvering economically and geopolitically between Moscow and Washington. Simultaneously, Washington is now obliged to turn a blind eye to the abhorrent Saudi regime because it does not dare to alienate Riyadh in what is developing into an energy war provoked (or at least intensified) by the sanctions.
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