Wait, why are gas prices high again?
Oh, right – because Russia put economic sanctions on Europe.
Why did they do that?
Ukraine’s President Volodymyr Zelenskiy accused Russia of economic terrorism on Monday as the cost of Europe’s energy crisis spiralled with Germany on the hook for at least 19 billion euros to bail out its biggest importer of Russian gas.
A surge in gas prices as top exporter Russia cuts supplies has squeezed German utility company Uniper, prompting it to seek an extra 4 billion euros ($4 billion) in credit lines from Berlin, on top of a 15 billion euro bailout deal agreed last month.
How to respond to the crippling impact of soaring energy costs on business and households is top of the political agenda across the continent as autumn approaches.
The Czech Republic, which holds the rotating European Union presidency, called an emergency meeting of energy ministers for Sept. 9 when it will propose a cap on the price of gas used for electricity production.
Price controls usually always work, by the way.
They’re a really good idea.
“What is going on is really a pan-European problem, it has an impact on all countries, on some less and on some more. And that is why we are convinced the best solution is a Europe-wide solution,” Czech Industry Minister Jozef Sikela told a news conference.
German benchmark power prices for 2023 breached 1,000 euros per megawatt hour for the first time on Monday as supply concerns kept prices of gas and related fuels such as electricity and coal sky-high.
“Russia is using economic terror,” Zelenskiy told an energy industry conference in the Norwegian city of Stavanger.
“It is exerting pressure with price crisis, with poverty, to weaken Europe,” Zelenskiy told the audience via a translator.
His comments come as Russia’s Gazprom plans maintenance this week that will halt gas flows along the Nord Stream 1 pipeline that links Russia and Germany via the Baltic Sea.
The outage has fuelled fears that Russia is curbing supply to put pressure on Western nations opposed to its invasion of Ukraine, a charge Moscow denies.
Well, it’s their gas.
Every single “international norm” of the “rules-based order” has been broken in the attacks on Russia over this otherwise relatively uninteresting border skirmish in the former USSR.
So I don’t think anyone can seriously claim Russia has any obligations anymore.
Europe declared war on Russia – not the other way around. Going around whining about it is just ridiculous.
Germany said they were going to win the Ukraine war, so I guess maybe they should focus on that instead of whining about the people they declared war on being mean.
Honestly, this is probably going to have to end when winter comes.
But maybe it won’t?
The ‘West’ have been lied to so long and so frequently by their worthless political and media class that they now have little idea what is true and what is false. And so lies like this can be believed.
— ThirdCity (@ThirdCity2) August 28, 2022
The West is entirely to blame. It thought it could bring Russia to its knees, but it just created a gas and oil bonanza for it and made it more resilient and self-reliant. They will know what this means come winter.
— ZEMTURO (@ZEMTURO) August 29, 2022
Exactly. This is idea of free markets. Sanctions were made with little thought to try to punish Russian citizens mainly. It did not go as expected, so then it blame game for results. However many corporations in west are taking advantage to profit more under this guise.
— Luther Blissett ☭ commie (@LutherB_CCCP) August 29, 2022
Russians will be warm this winter
— Louise (@movementnurse) August 29, 2022
If Europe (in UK!) doesn’t decouple FAST from the fast imploding GAE (American empire) we are going to suffer indescribable misery. It’s time for Europe to grow up and set it’ OWN policies that benefit It’s OWN people.
GAE is terrified of this and that is what its ALL about.
— Spooky Bonlett (@SBonlett) August 29, 2022
correct, the west started all this.
NATO pushing ever further east against the 1991 agreement.
USA and west creating a coup in Ukraine in 2014
Ukraine bombing their own in the dombass
West kicking russia out of SWIFT
West imposing harsh restrictions on russia
We need to wise up
— Sir MP democracy wins (@WBrexiteer) August 28, 2022
They’re so used to controlling the narrative, saying WHATEVER BS they want and believing people to be stupid sheep who’d gulp it all without thinking they’ve become too lazy mentally to upgrade their methods of deception! 🤯
— Salli Zack (@Sallyalma) August 28, 2022