The European Union has proposed a raft of new sanctions against Russia in response to the so-called referendums in four Ukrainian regions. European Commission President Ursula von der Leyen made the announcement, saying the package was designed “to make the Kremlin pay” for escalating the conflict in Ukraine with what she called “sham” votes in occupied territory. This after Von der Leyen knows Europe is in for one heck of a ride this winter due to shortages of energy.The sanctions package will map out the legal basis for an oil price cap.
Always good to keep the eye on the ball.
Update: Blinken joins in the fun
If this isn’t an old knee slapper. Lest we forget there is a bit of a problem:
Sweden has found a new leak in a major undersea pipeline carrying Russian natural gas to the EU – making it the fourth discovered this week.
Denmark and Sweden reported gas leaks in the Nord Stream 1 and 2 pipelines earlier this week.
Nato said the incidents were the result of “deliberate, reckless and irresponsible acts of sabotage”.
Russia dismissed suggestions that it had attacked its own pipelines as “predictable and stupid”.
Instead, the Russian foreign ministry said the blasts had occurred in “zones controlled by American intelligence”.
The German ambassador to the UK, Miguel Berger, told the BBC it was clear that a non-state actor could not have been behind the incidents – in other words, a country must have been responsible.
The sanctions package includes further import bans on Russian products, expected to deprive Moscow of an additional €7 billion ($6.7 billion) in revenues. It also features export bans on key technology used for the military such as aviation items, electronic components and specific chemical substances. The sanctions package will map out the legal basis for an oil price cap and will ban EU citizens from sitting on governing bodies of Russian state-owned companies, von der Leyen said. Will that include foreign President’s children sitting on Boards as well? Just thought I would ask.
Back in September I commented in a post:
Energy isn’t the only item Europe is dependent upon Russia for.
Someone made a list of what EU won’t get anymore with the Russia boycott.: “nat-gas, rare earths, inert gases, potash, sulfur, uranium, palladium, vanadium, cobalt, coke, titanium, nickel, lithium, plastics, glass, ceramics, pharmaceuticals, ships, inks, airplanes, polymers, medical and industrial gases, sealing rings & membranes, power transmission, transformer and lube oils, neon gas for microchip etching, etc., etc.”
This should work in destroying Germany including Europe as a whole. Biden is along for the ride. Another brilliant idea our gal has and started in September:
Price Caps on prices the EU will pay for Russian gas.
The European Commission president Ursula von der Leyen said the move is necessary to weaken Russia’s economy further as it continues its invasion of Ukraine. Russian President Vladimir Putin had earlier warned that Moscow will stop supplying oil and gas if price caps are imposed.
Well, now it looks like she won’t have to worry herself about that if the pipelines have been taken out.
It is reported that Russia is selling Nat Gas to China who in turn sells it on the market.
Then there is the old “flatten the curve” she mentioned back before the pipeline sabotage.
But I have digressed. Here is the story.
The very best of the world’s swamp today.