Russia Imposes Indirect sanctions on European Economy
The Nord Stream 1 pipeline has been closed indefinitely by Russian energy major Gazprom. This pipeline supplies gas to Germany and is very important for Europe. Due to the shutdown of gas supply, the economy of the whole of Europe is in crisis.
Crises In Europe
Gas prices in Europe have skyrocketed due to uncertain gas supplies. Since the economies of different countries are dependent on gas, everything is falling, including currency.
The European currency, the euro, which fell in the year 2000 due to problems in Greece and Italy, and was above the dollar for the past two decades, has collapsed once again today. In European countries that do not use the euro, such as Britain, their currency is also being affected due to gas shortages.
Putin's game
Putin was upset with sanctions on Russia over Ukraine and the constant supply of arms etc to Ukraine, but it has played the game very diplomatically.
Bitcoin Economic Security: Putin knew Russia would be sanctioned. That's why Putin accepted bitcoin and other crypto into the country even before he attacked Ukraine. Due to this, Russia was able to bear the economic sanctions imposed on it.
Time for Revenge: Putin begins action to stop gas supplies in September, at which time gas consumption in Europe generally increases. Now the people of Europe have become angry with their government.
Clever Explanation: Putin has also done this very neatly. The pipeline was closed in the name of maintenance, and then Putin never reopened the pipeline, saying that the pipeline could not be repaired due to restrictions imposed on Russia.
Thus, Putin has started pressuring European countries to lift sanctions on Russia for the sake of their own ecomom.y
ThoughtÂ
Necessity is said to be the mother of every invention. Now Europe will also have to find an alternative to natural oil and gas. This restriction will bring some new inventions.
