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Topic: The impact of Russian and Ukrain war on world economy - page 18. (Read 13245 times)

hero member
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a war between Russia and Ukraine can greatly impact the world economy because both countries are important in the energy, trade and global geopolitical sectors.
Impact caused by the war between Russia and Ukraine:
1. Oil prices are rising
2. the instability of the currency
3. Trade disruption
4. geopolitical impact

Oil prices are volatile at this point. Yesterday, at one point Brent crude dropped to $72 per barrel, although it recovered slightly to $75 later. When the Russo-Ukrainian war started in 24th February 2022, Brent crude was trading at $90 per barrel, which means that it has lost 20% of its value since then. And all this has happened despite increased demand from China. And there is no "trade disruption". Simply there is a transformation in trade routes. India and China have replaced the EU as preferred trading partners for Russia.

Yes. it was also heavily impacted but If we pay attention to what is happening now, one of the main impacts is the imposition of economic sanctions on Russia where the international community has imposed economic sanctions on Russia in response to its actions in Ukraine.

It is undeniable that these Sanctions can have an impact on the Russian economy and its trade relations with other countries, which can have a ripple effect on the global economy. A war between Russia and Ukraine could have far-reaching effects on the world economy.

One more thing, the uncertainty of conflict resolution can also affect investor confidence and financial markets due to unresolved geopolitical tensions.

Russian economy still stands and has been trading with countries like India, China, and BRICS nations and they will have enough money. And while they are gaining rich lands from Ukraine.

They have been telling that sanctions will crumble Russia but it's not true anymore, after a year of this conflict, the sanctions are not affecting them.
One option is to make a deal with Russia and accept that it's the end of it and Ukraine has to make peace and be neutral to resolve the geopolitical tension which is also the root cause of this war.

Escalating this war to WW3 will be much more dangerous to EU. They can make war with smaller countries but not Russia.
full member
Activity: 784
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Thanks for shraing your thoughts, The impact of war on the global economy is a complex issue that can have far-reaching consequences. The effects of war can include increased government spending on defense, disrupted trade and commerce, and a reduction in foreign investment. The specific impacts on individual countries and regions will depend on a variety of factors, including the nature of the conflict, the level of international involvement, and the economic and political conditions of the affected countries. the current situation with Russia and Ukraine, the conflict has already had significant impacts on the global economy. As you mentioned, Russia is a major supplier of oil, and the disruption of oil supplies has had a ripple effect on other sectors of the economy.
member
Activity: 120
Merit: 25
a war between Russia and Ukraine can greatly impact the world economy because both countries are important in the energy, trade and global geopolitical sectors.
Impact caused by the war between Russia and Ukraine:
1. Oil prices are rising
2. the instability of the currency
3. Trade disruption
4. geopolitical impact

Oil prices are volatile at this point. Yesterday, at one point Brent crude dropped to $72 per barrel, although it recovered slightly to $75 later. When the Russo-Ukrainian war started in 24th February 2022, Brent crude was trading at $90 per barrel, which means that it has lost 20% of its value since then. And all this has happened despite increased demand from China. And there is no "trade disruption". Simply there is a transformation in trade routes. India and China have replaced the EU as preferred trading partners for Russia.

Yes. it was also heavily impacted but If we pay attention to what is happening now, one of the main impacts is the imposition of economic sanctions on Russia where the international community has imposed economic sanctions on Russia in response to its actions in Ukraine.

It is undeniable that these Sanctions can have an impact on the Russian economy and its trade relations with other countries, which can have a ripple effect on the global economy. A war between Russia and Ukraine could have far-reaching effects on the world economy.

One more thing, the uncertainty of conflict resolution can also affect investor confidence and financial markets due to unresolved geopolitical tensions.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
a war between Russia and Ukraine can greatly impact the world economy because both countries are important in the energy, trade and global geopolitical sectors.
Impact caused by the war between Russia and Ukraine:
1. Oil prices are rising
2. the instability of the currency
3. Trade disruption
4. geopolitical impact

Oil prices are volatile at this point. Yesterday, at one point Brent crude dropped to $72 per barrel, although it recovered slightly to $75 later. When the Russo-Ukrainian war started in 24th February 2022, Brent crude was trading at $90 per barrel, which means that it has lost 20% of its value since then. And all this has happened despite increased demand from China. And there is no "trade disruption". Simply there is a transformation in trade routes. India and China have replaced the EU as preferred trading partners for Russia.
legendary
Activity: 3752
Merit: 1864
I'd say just keep that thoughts to yourself mate because it's just too clear that you're quite biased for what is happening in the world now just because you see that the Russia is invading the Ukraine and up until now, the war is still going on with almost no signs that it will stop sooner.

What brutality are you talking about? May I suggest to lay down your facts that proves what you're saying that Russia has a history of brutality since the beginning and that they are proud of it. I might not be from Russia or anywhere in the Europe but I suggest you get your facts straight and know what is the story behind why Russia invaded Ukraine.


Sorry for interfering with your dialogue, but I can answer your question for you. Briefly about myself: I was born in the USSR, a citizen of Ukraine. I can tell the history of the USSR, with the facts about which it is customary in the USSR / Russia to be cowardly silent. By the way, the facts that I can voice, with your interest - you can check and verify their objectivity! I won’t even take the times of Tsarist Russia / Muscovy - there the sadism of the elites was an everyday entertainment, such as the murder of serfs by some sophisticated sadistic method ... For a start, you can read European historians of the 16-18 centuries, about Muscovy (this, by the way, is the real name of Russia)

I will add. From 2022/03 he served in the Territorial Defense of Kyiv. On the second day after the liberation, Irpin was there. I personally saw what the Russian world did there. There are a huge number of photographs, recordings from video cameras, surveillance cameras and security systems from Irpin and Bucha, Izyum, Mariupol, and many other cities of Ukraine destroyed and destroyed by Russians, you can search for yourself. I read the archives of World War II. Believe me - the sadism of the Russian "army" outdoes the German Nazi regime!

legendary
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Leading Crypto Sports Betting & Casino Platform


As far as I understand, Europe has simply changed suppliers of natural gas and oil - instead of Russia, hydrocarbons are now supplied to Europe by the United States and Arab countries.  

China and India have also changed hydrocarbon suppliers - there were Arab suppliers, now Russian ones.  

As a result, everyone is now buying expensive hydrocarbons, everyone is suffering losses, and all logistics flows have become more complicated.  There is nothing good.

Humanity as a species has become less efficient, less friendly, less able to solve complex global problems.
Yes, the supply of energy carriers in the world has become more complicated. Established logistics supply chains are disrupted. Many countries, including European countries, suffer losses in this regard. But it didn't happen by itself. If Russia had not pursued an aggressive aggressive policy, had not attacked Ukraine, and then had not begun to blackmail Europe precisely with energy supplies, all this would not have happened. As a result, Russia will lose the most, and so much so that it itself can break up into many independent states. It may already happen this year.

Russia will not break up into several states.  The collapse of the state is possible only if this process is supported from the outside by other states.  

And who now supports the possible collapse of Russia?  Nobody supports....

For example, when Moldova withdrew from the USSR, it was supported by friendly Romania.  Azerbaijan was supported by Turkey.  The Baltics were supported by friendly European countries (for example, Germany).  Even Russia was supported by the USA.  

The collapse of the USSR was approved by the entire world community, in fact, all this took place under the patronage of Western countries.  

In addition, there were high hopes for assistance in building prosperous national capitalist states (the new Marshall Plan).  The Soviet people had big illusions.

And who will help the new states now?  You see what is happening in the world....  

Russia, in any case, will remain as a single state.
Russia has a history of brutality - they have been brutal since the beginning and they are proud of it. They have never been in trouble because they have oil and gas reserve and they will keep it the same way for they future.

I'd say just keep that thoughts to yourself mate because it's just too clear that you're quite biased for what is happening in the world now just because you see that the Russia is invading the Ukraine and up until now, the war is still going on with almost no signs that it will stop sooner.

What brutality are you talking about? May I suggest to lay down your facts that proves what you're saying that Russia has a history of brutality since the beginning and that they are proud of it. I might not be from Russia or anywhere in the Europe but I suggest you get your facts straight and know what is the story behind why Russia invaded Ukraine.
full member
Activity: 2142
Merit: 183

as we currently feel, almost all countries feel the impact of the prolonged conflict between Russia and Ukraine. impacts on the world such as food crises, limited energy, and world inflation. this is felt not only on the continent of Europe, but also those of us who live in Asia feel that way. I hope that the two countries will make peace and the people's economy will grow well over time
Ukraine will not put up with Russia in the next few decades, that's for sure. After what atrocities the Russians did on the territory of Ukraine, they will not be forgiven for many generations. More than 70,000 war crimes of Russians have already been registered in the Prosecutor's Office of Ukraine. The Russians simply want to destroy Ukraine as a state and Ukrainians as a nation. Therefore, sanctions are being introduced in Ukraine against Russian legal entities and individuals for a period of fifty years.

It is very difficult to call what is happening now in Ukraine a war. A medieval horde has rolled into Ukraine, which robs, kills and rapes everything in its path. The Donetsk region, which the Russians allegedly came to liberate from the mythical Nazis, has turned into a scorched desert, where settlements are destroyed by 90-95 percent, and the population is either killed, or fled to other regions, or forcibly taken to remote regions of Russia. Throughout the winter, the Russians methodically fired cruise missiles at the cities of Ukraine, hoping to deprive the civilian population of electricity, heat and water. This is not forgiven and not forgotten ...
full member
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a war between Russia and Ukraine can greatly impact the world economy because both countries are important in the energy, trade and global geopolitical sectors.
Impact caused by the war between Russia and Ukraine:
1. Oil prices are rising
2. the instability of the currency
3. Trade disruption
4. geopolitical impact
sr. member
Activity: 2352
Merit: 245

However, we cannot overlook the fact that Russia represents one of the most important sources of energy with which the modern world operates. And most of its conflicts and alliances with international parties are based mainly on that energy force. And according to the data you published, it can be explained that Russia is fighting a regional war and other wars by proxy in several places in the world, is to strengthen its economic position.
The impression is that you justify the conduct of Russian wars of conquest in the 21st century. Yes, where Russia interferes in the affairs of other states, it artificially creates "independent republics" with its own influence and brings constant discord to the former calm regions of other states. So it was in Transnistria, Abkhazia, Donbass. Russia is accustomed to resolving issues with threats and violence. She got away with everything until she decided to unleash a full-scale war with Ukraine and seize its territory. This is where her arrogance and strength will end. It won't be long before the end of this summer.

It is also controversial that Russia has large reserves of oil and gas. It would be more correct to say that Russia controls the oil and gas of the oppressed peoples of Siberia, whom she also kept in subjection by force and threats. In recent years, Russia has demonstrated that it stands for the right to self-determination of certain territories and regions, however, on the territory of other states. In the near future, Russia will experience the same thing. Six regions of Russia have already held their referendums on independence and separation from Russia due to the fact that the regular army and other power structures of Russia have been defeated in Ukraine and the central government of Russia will no longer be able to suppress the unrest by force. Empires that rely on strength do not last long.
hero member
Activity: 1148
Merit: 576
Russia will not break up into several states.  The collapse of the state is possible only if this process is supported from the outside by other states.  

And who now supports the possible collapse of Russia?  Nobody supports....

For example, when Moldova withdrew from the USSR, it was supported by friendly Romania.  Azerbaijan was supported by Turkey.  The Baltics were supported by friendly European countries (for example, Germany).  Even Russia was supported by the USA.  

The collapse of the USSR was approved by the entire world community, in fact, all this took place under the patronage of Western countries.  

In addition, there were high hopes for assistance in building prosperous national capitalist states (the new Marshall Plan).  The Soviet people had big illusions.

And who will help the new states now?  You see what is happening in the world....  

Russia, in any case, will remain as a single state.
        It is possible that the state will remain intact, but here is the option with the federal republics with their centralization of administrative bodies in each quite expected potential scenario. Why am I writing about this? Already several times in the state. In the Duma of the heads of the regions, the senators vehemently opposed the fact that all the money, "producing" in the region, goes to Moscow, and you have to beg for handouts almost on your knees. Don't you think that this is a very significant reason that cannot be simply ignored?
full member
Activity: 532
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World economy



I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.

This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.

as we currently feel, almost all countries feel the impact of the prolonged conflict between Russia and Ukraine. impacts on the world such as food crises, limited energy, and world inflation. this is felt not only on the continent of Europe, but also those of us who live in Asia feel that way. I hope that the two countries will make peace and the people's economy will grow well over time
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I agree with you that the year 2022 proved that Europe can abandon Russian energy resources after Russia reduced its supplies to record levels. Russia thought that it could punish Europe by putting pressure on the energy file, but it forgot that damage would befall its economy, which forced it to sell its products at less than half the price to China and India, and resort to Turkey to establish a gas distribution station instead of using the old methods.
Perhaps it is also fortunate for Europe that the winter this year was not severely cold, which provided it with additional energy resources, in addition to gaining enough time to search and find alternatives to Russian gas and oil.

Russian oligarchs who supports Putin are making billions. It is true that Russia is forced to sell discounted crude to India and China (and to Turkey as well). However, freight and insurance are being provided by ghost companies controlled by Russian oligarchs. The current price for Urals crude loading from Baltic ports stand at around $50 per barrel. By the time it reaches India, the price increases to $75 per barrel and the Indian refiners are left with a profit of $5 to $10 per barrel. So how the price increases from $50 to $75? Freight is around $15 per barrel, while insurance adds up to $10. And in majority of the cases, the providers are shadow companies based in the United Arab Emirates, under the control of Russian oligarchs.
member
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The collapse of the world economy is a worst-case scenario that could have devastating consequences for people all over the world.
However, it is important to note that the global economy is complex and resilient, and has weathered many crises in the past.
That being said, It is also important for individuals to take steps to protect themselves financially during uncertain economic times, such as by diversifying their investments, saving for emergencies, and reducing debt.
legendary
Activity: 2338
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Russia will not break up into several states.  The collapse of the state is possible only if this process is supported from the outside by other states.  

And who now supports the possible collapse of Russia?  Nobody supports....

For example, when Moldova withdrew from the USSR, it was supported by friendly Romania.  Azerbaijan was supported by Turkey.  The Baltics were supported by friendly European countries (for example, Germany).  Even Russia was supported by the USA.  

The collapse of the USSR was approved by the entire world community, in fact, all this took place under the patronage of Western countries.  

In addition, there were high hopes for assistance in building prosperous national capitalist states (the new Marshall Plan).  The Soviet people had big illusions.

And who will help the new states now?  You see what is happening in the world....  

Russia, in any case, will remain as a single state.

With which I absolutely agree - with the fact that there will be no uncontrollable from outside, the collapse of Russia.
It will be manageably divided into several segments. The Kuriles will go to Japan to restore historical justice. Trans-Urals and the Far East of Russia - either everything will become Chinese, or it will become partly Chinese, and partly independent republics under the control of China. Most likely it will be in replacement of the "untouchability" of Taiwan.

The central republics, including Muscovy, will go under external control, plus they will become donors to the program for paying reparations to the peoples who suffered from the USSR and the Russian Federation. And they will be hostages of their past crimes for decades.

The main question is not the peoples of the Russian Federation, they have never been "handed over" anything in this life ... The question of control of nuclear weapons! Because Russia today is the basis of international terrorism, and supports and finances other terrorist regimes and groups, if the component leaks into these hands. But I think this issue is also not very difficult to solve, through total control, or manipulation of local "kings" Smiley

I don't really believe in it.  This scenario seems unlikely to me.  For many reasons.  

I recently spoke with a former Ukrainian woman (she just received Russian citizenship).  She was glad that many left Russia for other countries (Georgia, Armenia, Finland, Kazakhstan, Mongolia) and urged them not to be allowed back.  She gave me a lecture on the passionarity of the Russian people and said that the war reveals the best qualities of people.  I was surprised.  

I see a trend towards replacing former Russians with new people with different cultural and moral values.  And these are not only former Ukrainians, but also residents of the Central Asian republics.  It can be assumed that the territory of present-day Russia will remain unchanged, but the population will be mentally and culturally completely different.  This is probably how it was originally intended.
legendary
Activity: 3752
Merit: 1864
Russia will not break up into several states.  The collapse of the state is possible only if this process is supported from the outside by other states.  

And who now supports the possible collapse of Russia?  Nobody supports....

For example, when Moldova withdrew from the USSR, it was supported by friendly Romania.  Azerbaijan was supported by Turkey.  The Baltics were supported by friendly European countries (for example, Germany).  Even Russia was supported by the USA.  

The collapse of the USSR was approved by the entire world community, in fact, all this took place under the patronage of Western countries.  

In addition, there were high hopes for assistance in building prosperous national capitalist states (the new Marshall Plan).  The Soviet people had big illusions.

And who will help the new states now?  You see what is happening in the world....  

Russia, in any case, will remain as a single state.

With which I absolutely agree - with the fact that there will be no uncontrollable from outside, the collapse of Russia.
It will be manageably divided into several segments. The Kuriles will go to Japan to restore historical justice. Trans-Urals and the Far East of Russia - either everything will become Chinese, or it will become partly Chinese, and partly independent republics under the control of China. Most likely it will be in replacement of the "untouchability" of Taiwan.

The central republics, including Muscovy, will go under external control, plus they will become donors to the program for paying reparations to the peoples who suffered from the USSR and the Russian Federation. And they will be hostages of their past crimes for decades.

The main question is not the peoples of the Russian Federation, they have never been "handed over" anything in this life ... The question of control of nuclear weapons! Because Russia today is the basis of international terrorism, and supports and finances other terrorist regimes and groups, if the component leaks into these hands. But I think this issue is also not very difficult to solve, through total control, or manipulation of local "kings" Smiley
legendary
Activity: 3472
Merit: 10611
Just two questions:
  • In which European countries are mass economical and anti-NATO protests?
  • Which European countries suppress these protests, if they exist, violently?
Almost all of them. For example every week between 1 to 2 million people protest across France to which the French police reacts with brute force. The number of people wounded and maimed (like those losing an eye) in French protests is the highest in the history of the world.
As we speak there is a violent protest going on in Netherlands.
Yesterday there was a protest in south-east Germany where hundreds against delivering arms to Ukraine. There has been more protests in Germany with hundreds of thousands of people.
There are regular protests in Spain where they burn US and NATO flag.
There has been mass protests and strikes across UK over the past year.

And a lot more that you can find on the internet specifically social media despite the mass media censorship by European governments.
full member
Activity: 1050
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As far as I understand, Europe has simply changed suppliers of natural gas and oil - instead of Russia, hydrocarbons are now supplied to Europe by the United States and Arab countries.  

China and India have also changed hydrocarbon suppliers - there were Arab suppliers, now Russian ones.  

As a result, everyone is now buying expensive hydrocarbons, everyone is suffering losses, and all logistics flows have become more complicated.  There is nothing good.

Humanity as a species has become less efficient, less friendly, less able to solve complex global problems.
Yes, the supply of energy carriers in the world has become more complicated. Established logistics supply chains are disrupted. Many countries, including European countries, suffer losses in this regard. But it didn't happen by itself. If Russia had not pursued an aggressive aggressive policy, had not attacked Ukraine, and then had not begun to blackmail Europe precisely with energy supplies, all this would not have happened. As a result, Russia will lose the most, and so much so that it itself can break up into many independent states. It may already happen this year.

Russia will not break up into several states.  The collapse of the state is possible only if this process is supported from the outside by other states.  

And who now supports the possible collapse of Russia?  Nobody supports....

For example, when Moldova withdrew from the USSR, it was supported by friendly Romania.  Azerbaijan was supported by Turkey.  The Baltics were supported by friendly European countries (for example, Germany).  Even Russia was supported by the USA.  

The collapse of the USSR was approved by the entire world community, in fact, all this took place under the patronage of Western countries.  

In addition, there were high hopes for assistance in building prosperous national capitalist states (the new Marshall Plan).  The Soviet people had big illusions.

And who will help the new states now?  You see what is happening in the world....  

Russia, in any case, will remain as a single state.
Russia has a history of brutality - they have been brutal since the beginning and they are proud of it. They have never been in trouble because they have oil and gas reserve and they will keep it the same way for they future.
legendary
Activity: 2338
Merit: 1775
Catalog Websites


As far as I understand, Europe has simply changed suppliers of natural gas and oil - instead of Russia, hydrocarbons are now supplied to Europe by the United States and Arab countries.  

China and India have also changed hydrocarbon suppliers - there were Arab suppliers, now Russian ones.  

As a result, everyone is now buying expensive hydrocarbons, everyone is suffering losses, and all logistics flows have become more complicated.  There is nothing good.

Humanity as a species has become less efficient, less friendly, less able to solve complex global problems.
Yes, the supply of energy carriers in the world has become more complicated. Established logistics supply chains are disrupted. Many countries, including European countries, suffer losses in this regard. But it didn't happen by itself. If Russia had not pursued an aggressive aggressive policy, had not attacked Ukraine, and then had not begun to blackmail Europe precisely with energy supplies, all this would not have happened. As a result, Russia will lose the most, and so much so that it itself can break up into many independent states. It may already happen this year.

Russia will not break up into several states.  The collapse of the state is possible only if this process is supported from the outside by other states.  

And who now supports the possible collapse of Russia?  Nobody supports....

For example, when Moldova withdrew from the USSR, it was supported by friendly Romania.  Azerbaijan was supported by Turkey.  The Baltics were supported by friendly European countries (for example, Germany).  Even Russia was supported by the USA.  

The collapse of the USSR was approved by the entire world community, in fact, all this took place under the patronage of Western countries.  

In addition, there were high hopes for assistance in building prosperous national capitalist states (the new Marshall Plan).  The Soviet people had big illusions.

And who will help the new states now?  You see what is happening in the world....  

Russia, in any case, will remain as a single state.
sr. member
Activity: 2352
Merit: 245


As far as I understand, Europe has simply changed suppliers of natural gas and oil - instead of Russia, hydrocarbons are now supplied to Europe by the United States and Arab countries. 

China and India have also changed hydrocarbon suppliers - there were Arab suppliers, now Russian ones. 

As a result, everyone is now buying expensive hydrocarbons, everyone is suffering losses, and all logistics flows have become more complicated.  There is nothing good.

Humanity as a species has become less efficient, less friendly, less able to solve complex global problems.
Yes, the supply of energy carriers in the world has become more complicated. Established logistics supply chains are disrupted. Many countries, including European countries, suffer losses in this regard. But it didn't happen by itself. If Russia had not pursued an aggressive aggressive policy, had not attacked Ukraine, and then had not begun to blackmail Europe precisely with energy supplies, all this would not have happened. As a result, Russia will lose the most, and so much so that it itself can break up into many independent states. It may already happen this year.
legendary
Activity: 2338
Merit: 1775
Catalog Websites
I may be wrong about the economic ranking that Russia occupies globally, I may have confused things, or my information is not updated. I think your comment was somewhat sarcastic, and my answer does not deserve all this intensity.
However, we cannot overlook the fact that Russia represents one of the most important sources of energy with which the modern world operates. And most of its conflicts and alliances with international parties are based mainly on that energy force. And according to the data you published, it can be explained that Russia is fighting a regional war and other wars by proxy in several places in the world, is to strengthen its economic position.

Regarding the value of Russia as a source of fossil sources. This status is also exaggerated. To a greater extent, this is propaganda and an objectively successful plan of the USSR / Russia to form the dependence of the European economy on Russian energy carriers. But as you can see now, this myth also collapsed. Germany, France, Italy had a real dependence. Sometime in the 60-70-90s of the last century, some powerful European politicians simply sold their countries in exchange for corruption schemes proposed by the Kremlin corrupt officials. But... In 2022, from summer to autumn, it turned out that it was possible to find alternative suppliers that are adequate and keep their obligations.


I agree with you that the year 2022 proved that Europe can abandon Russian energy resources after Russia reduced its supplies to record levels. Russia thought that it could punish Europe by putting pressure on the energy file, but it forgot that damage would befall its economy, which forced it to sell its products at less than half the price to China and India, and resort to Turkey to establish a gas distribution station instead of using the old methods.
Perhaps it is also fortunate for Europe that the winter this year was not severely cold, which provided it with additional energy resources, in addition to gaining enough time to search and find alternatives to Russian gas and oil.

As far as I understand, Europe has simply changed suppliers of natural gas and oil - instead of Russia, hydrocarbons are now supplied to Europe by the United States and Arab countries. 

China and India have also changed hydrocarbon suppliers - there were Arab suppliers, now Russian ones. 

As a result, everyone is now buying expensive hydrocarbons, everyone is suffering losses, and all logistics flows have become more complicated.  There is nothing good.

Humanity as a species has become less efficient, less friendly, less able to solve complex global problems.
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