Russian Gas ban - A problem for Europe or suicide for Russia?

[Naficopa]

You spent only four days in the basement and consider this a feat? People in Donetsk got used to bomb shelters during the eight years of Ukraine's aggression against the Russian-speaking population of Donbass and do not consider this a feat. Russia came to Ukraine not to liberate you, but to punish you. So be patient, it will get worse.

While everyone was getting so much emotional about Ukraine and was supporting Russia sanctions on sanctions. Have you started experiencing price hike in your country already. The economic condition of my country is worse the Ukraine now. The poor people are unable to make their ends meet. I wish EU would not have follow USA orders. Wish they would have remained neutral to save the world from the crisis.

[be.open]

While everyone was getting so much emotional about Ukraine and was supporting Russia sanctions on sanctions. Have you started experiencing price hike in your country already. The economic condition of my country is worse the Ukraine now. The poor people are unable to make their ends meet. I wish EU would not have follow USA orders. Wish they would have remained neutral to save the world from the crisis.

A noticeable increase in prices was in March. For example, computer hardware immediately doubled in price at the beginning of the operation, and it was painful. Then Putin announced "gas for rubles", the ruble began to strengthen and prices crept down, now computer hardware is cheaper than at the beginning of the operation. Of the products, natural coffee and tea have sharply risen in price, now their prices have decreased, but still about 1.5x from the beginning of February. There was no shortage of goods and empty shelves in stores. Prices for housing (electricity, etc.) and gasoline have not changed. Cars and household furniture have risen in price very noticeably. In general, everything is much better than expected in late February and early March. Perhaps the negative effect of Western sanctions will manifest itself in a year or two, because you have to buy food, fill up a car and pay for housing on a regular basis, and with the purchase of a new sofa it is quite possible to wait.

[Naficopa]

While everyone was getting so much emotional about Ukraine and was supporting Russia sanctions on sanctions. Have you started experiencing price hike in your country already. The economic condition of my country is worse the Ukraine now. The poor people are unable to make their ends meet. I wish EU would not have follow USA orders. Wish they would have remained neutral to save the world from the crisis.

A noticeable increase in prices was in March. For example, computer hardware immediately doubled in price at the beginning of the operation, and it was painful. Then Putin announced "gas for rubles", the ruble began to strengthen and prices crept down, now computer hardware is cheaper than at the beginning of the operation. Of the products, natural coffee and tea have sharply risen in price, now their prices have decreased, but still about 1.5x from the beginning of February. There was no shortage of goods and empty shelves in stores. Prices for housing (electricity, etc.) and gasoline have not changed. Cars and household furniture have risen in price very noticeably. In general, everything is much better than expected in late February and early March. Perhaps the negative effect of Western sanctions will manifest itself in a year or two, because you have to buy food, fill up a car and pay for housing on a regular basis, and with the purchase of a new sofa it is quite possible to wait.

This debate is useless. increase in prices and and inflation and Russia and IMF.
What is everyone doing to keep one safe from the high inflation. Our country is experiencing the highest price rise in the history. People are worried. And started using bicycles. There is now less traffic on the roads now.

[DrBeer]

And some news from the victorious Russia, which is only benefiting from sanctions

- According to the results of April, the budget of the Russian Federation for the first time this year was in deficit - expenditures exceeded revenues by 262 billion rubles.
In Russia, the growing recession in the economy began to hit government revenues. At the end of April, the federal budget recorded a landslide drop in VAT collections, the Moscow agency reports, citing statistics from the RF Ministry of Finance.
"Revenues of the key tax, which is sewn into the cost of all goods and services in the country and provides every fifth ruble of state revenue, collapsed by 54%. The Ministry of Finance managed to collect 191.9 billion rubles against 414.7 billion in April 2021," the ministry said in a statement. message.

- The fall in non-oil and gas budget revenues was the highest in 1.5 years. Finance Ministry data: non-oil and gas revenues of the Russian budget fell by 18% in April. In April 2022, non-oil and gas revenues of the federal budget, excluding inflation, fell by 18% compared to the same month a year ago. This is the largest decline since August 2020. Revenues from oil and gas in the budget overtook non-oil and gas.

- The standard of living of Russians in 2022 may decrease against the backdrop of a decline in GDP, rising unemployment and a decrease in incomes of the population, said Alexei Kudrin, Chairman of the Accounts Chamber.
“Of course, when the economy reduces its GDP, unemployment increases, of course, the income of the population decreases. Therefore, I expect a decline in living standards this year. I won’t talk about numbers now, we are all in a very big uncertainty right now.”

PS And where are the super-profits from oil and gas, which have grown in price and strongly desired by everyone, gone?

- And as a result, Putin's next victory over the whole world:
In Russia, data on the budget was partially classified.
On June 14, the Ministry of Finance presented a preliminary assessment of the execution of the federal budget for January-May 2022, however, there is no information on the sources of financing the deficit and on the execution of expenditures by sections and subsections of the budget.

Everything is so good that it's scary to show  


... and now some may continue to post jokes about the fact that the EU is on the verge of collapse, the US economy has collapsed, and sanctions do not affect Russia


Oh yes - the sources of information are exclusively Russian You can see for yourself!

[Naficopa]

- The standard of living of Russians in 2022 may decrease against the backdrop of a decline in GDP, rising unemployment and a decrease in incomes of the population, said Alexei Kudrin, Chairman of the Accounts Chamber.
“Of course, when the economy reduces its GDP, unemployment increases, of course, the income of the population decreases. Therefore, I expect a decline in living standards this year. I won’t talk about numbers now, we are all in a very big uncertainty right now.”

PS And where are the super-profits from oil and gas, which have grown in price and strongly desired by everyone, gone?

- And as a result, Putin's next victory over the whole world:
In Russia, data on the budget was partially classified.
On June 14, the Ministry of Finance presented a preliminary assessment of the execution of the federal budget for January-May 2022, however, there is no information on the sources of financing the deficit and on the execution of expenditures by sections and subsections of the budget.

Everything is so good that it's scary to show  


... and now some may continue to post jokes about the fact that the EU is on the verge of collapse, the US economy has collapsed, and sanctions do not affect Russia


Oh yes - the sources of information are exclusively Russian You can see for yourself!

US thought they will make Russia an example for everyone. But their plan failed terribly.
On the other hand they involved the whole EU and started giving aid to  Ukraine. Russia was left alone. But Russia is not a weak country like Afghanistan.

[DrBeer]

You spent only four days in the basement and consider this a feat? People in Donetsk got used to bomb shelters during the eight years of Ukraine's aggression against the Russian-speaking population of Donbass and do not consider this a feat. Russia came to Ukraine not to liberate you, but to punish you. So be patient, it will get worse.

While everyone was getting so much emotional about Ukraine and was supporting Russia sanctions on sanctions. Have you started experiencing price hike in your country already. The economic condition of my country is worse the Ukraine now. The poor people are unable to make their ends meet. I wish EU would not have follow USA orders. Wish they would have remained neutral to save the world from the crisis.

If now Ukraine, with the help of friends and helpers from all over the world, does not send a new brown plague from Russia to the next world, there will not be a crisis, there will be a third world war. Choose what you like best! Therefore, we will fulfill our obligations - rashizm will be destroyed! And the crisis you are talking about is temporary, and its duration is inversely proportional to the help of normal countries, Ukraine, in the fight against the new brown plague of rashizm.
Remember - virtually everyone experiences the economic crisis, it does not take lives, but not many will survive the third world war, believe me ...

If it's not a secret, where do you live? If you see fit, you can not answer, it is your right to keep your private information.

[Sithara007]

After Russia reduced the gas exports from Nord Stream 1, the EU gas prices have risen by 50%-60%. Not a problem for Russia, since they will receive almost the same amount of revenue that they used to receive earlier, despite the lower volumes. But for the ordinary EU citizens who are reeling from high inflation rates, it is another bloody blow. I just checked the hub prices around the world and the European (Dutch TTF) prices are now almost 50% higher than the East Asian (LNG Japan-Korea marker) levels. Right now, it is summer season, and still the Europeans are facing difficulty in finding alternative sources of gas. Imagine what will happen during the winter. 

[Cryptock]

After Russia reduced the gas exports from Nord Stream 1, the EU gas prices have risen by 50%-60%. Not a problem for Russia, since they will receive almost the same amount of revenue that they used to receive earlier, despite the lower volumes. But for the ordinary EU citizens who are reeling from high inflation rates, it is another bloody blow. I just checked the hub prices around the world and the European (Dutch TTF) prices are now almost 50% higher than the East Asian (LNG Japan-Korea marker) levels. Right now, it is summer season, and still the Europeans are facing difficulty in finding alternative sources of gas. Imagine what will happen during the winter. 

EU was siding Ukraine  and in supporting them they have placed themselves in such a trouble.
That is correct - its is summer - but in winter when the temperature will drop - it will be hard to survive - I live in the country where people can manage to survive in hard condition I am not sure about EU residents. 

[pooya87]

If now Ukraine, with the help of friends and helpers from all over the world

You may not like to hear this but the reason why Ukraine is losing more ground every day is because you think these are Ukraine's "friends" but in reality they are Ukraine's biggest enemies. From US that is fighting Russia to the last Ukrainian to EU that is funding the war against Ukraine!
This is exactly why there isn't going to be any "world" war because of Ukraine.

[Sithara007]

If now Ukraine, with the help of friends and helpers from all over the world

You may not like to hear this but the reason why Ukraine is losing more ground every day is because you think these are Ukraine's "friends" but in reality they are Ukraine's biggest enemies. From US that is fighting Russia to the last Ukrainian to EU that is funding the war against Ukraine!
This is exactly why there isn't going to be any "world" war because of Ukraine.

Era of direct military confrontation is over, because it is too costly (in terms of manpower and finances). Now all the major world powers are interested in proxy wars, which doesn't cost them a lot of lives and money. Although the EU nations and US are sending weapons and other equipment to Ukraine, if you look closely you will find that the quality and quantity of this equipment is not enough for Ukraine to achieve parity at battle field. For the short to medium term, these weapons will only help them to prolong the war. And this is what EU-US want. They just want to prolong the war and reduce the possibility of any quick Russian victory.

[bustabitsboy]

You spent only four days in the basement and consider this a feat? People in Donetsk got used to bomb shelters during the eight years of Ukraine's aggression against the Russian-speaking population of Donbass and do not consider this a feat. Russia came to Ukraine not to liberate you, but to punish you. So be patient, it will get worse.

While everyone was getting so much emotional about Ukraine and was supporting Russia sanctions on sanctions. Have you started experiencing price hike in your country already. The economic condition of my country is worse the Ukraine now. The poor people are unable to make their ends meet. I wish EU would not have follow USA orders. Wish they would have remained neutral to save the world from the crisis.

If now Ukraine, with the help of friends and helpers from all over the world, does not send a new brown plague from Russia to the next world, there will not be a crisis, there will be a third world war. Choose what you like best! Therefore, we will fulfill our obligations - rashizm will be destroyed! And the crisis you are talking about is temporary, and its duration is inversely proportional to the help of normal countries, Ukraine, in the fight against the new brown plague of rashizm.
Remember - virtually everyone experiences the economic crisis, it does not take lives, but not many will survive the third world war, believe me ...

If it's not a secret, where do you live? If you see fit, you can not answer, it is your right to keep your private information.

What friends can be in politics? Are you joking? In politics, everyone is looking for their own interests and their own benefit. There can be no friends. There may be a business relationship. The crisis is indeed temporary, but its consequences will greatly change the global economy. Each country sees its weak points. And I hope countries will find a way out of this crisis soon.

[sovie]

What friends can be in politics? Are you joking? In politics, everyone is looking for their own interests and their own benefit. There can be no friends. There may be a business relationship. The crisis is indeed temporary, but its consequences will greatly change the global economy. Each country sees its weak points. And I hope countries will find a way out of this crisis soon.

The crisis will end soon, but things won't get better. People will get used to it.
I believe the same as well every country should focus on their problems and get rid of them rather than involving in other country problems.

[Smack That Ace]

Don't you think that after all the innovations that come from the USA and Europe, can't we significantly lessen the demand on gas and oil if the situation really requires that from us as soon as possible?

Russia built a mousetrap called russian oil and gas. Its up to someone to invent a better mousetrap than what russia currently has.
An alternative that can solve energy demands in a more convenient and affordable fashion. For that we look to energy markets. New developments and innovations. Europe might switch to electric heaters powered by the electrical grid. But it would require improvement of grid infrastructure and power generation that isn't supplied by russian sources. There is a question of where funding for these projects would be supplied from.
Much of europe appears to lack the sunlight for alternative solar power. And wind to switch to windmill based energy. This results in nuclear and fossil fuel being deemed most appropriate for the region.
Hydrogen energy could be worth pursuing for europe(and no I'm not biased because of my username). That could be one available energy market russia lacks a dominant presence in. It has been said that current gasoline transportation and storage units can accommodate hydrogen fuel. Which means a good part of the necessary infrastructure is already in place.
There are hydrogen concept vehicles being driven and tested for all to see:
https://www.youtube.com/watch?v=ONICQ9Xcaug
The technology may finally be ready for prime time application.

Actually, I think the alternative cannot be discovered by rushing.
But, in order to stop Russia's aggression, the countries must also reduce their dependence on Russia, otherwise, the world economy will go like shit.  

I think, at this moment renewable energy seems to be the only way. Although it is expensive and difficult. But if you can use it properly, your dependence on Russia will decrease and Russia will also suffer because it will not be able to supply oil and gas.

Duke!

[Sithara007]

Actually, I think the alternative cannot be discovered by rushing.
But, in order to stop Russia's aggression, the countries must also reduce their dependence on Russia, otherwise, the world economy will go like shit.  

I think, at this moment renewable energy seems to be the only way. Although it is expensive and difficult. But if you can use it properly, your dependence on Russia will decrease and Russia will also suffer because it will not be able to supply oil and gas.

Duke!

All the best with that. The EU and US are free to stop purchases of Russian energy products, as other countries such as China and India are ramping up their supplies. Recently, the Russian oil company Rosneft refused to sign a supply deal with some of the Indian oil companies, because they don't have any more spare export capacity. Just yesterday, Germany reported an inflation rate of 7.9% (highest since the reunification in 1990). And they have started to reopen previously closed thermal powerplants, in order to conserve natural gas (another irony is that EU gets most of their coal from Russia).

[Ozero]

Russia's gas blackmail against European countries, which led to a decrease in Russian gas supplies to Europe and an increase in its price, can only bring political dividends to Russia at first, but in the medium and long term it will turn out to be a big problem, if not a catastrophe for Russia itself.

European countries are now admitting that they are trapped in dependence on the main supplier of gas to Europe, which is Russia, which is now using the topic of gas supplies as blackmail and weapons. Therefore, a strategic decision was made to get rid of such dependence.
It should be mentioned here that this decision complements the previously adopted program of Europe to abandon fossil energy sources, which have been left on Earth for several decades, and switch to alternative renewable energy sources, and the current situation with Russia's gas blackmail simply noticeably accelerates the implementation of this program.

Yes, not everything will go smoothly at first, at the beginning of the break in supply chains, the price of gas will rise, but all this is temporary. Europe will partially switch to gas supplies from other countries, while switching to other energy sources, but most importantly, this will be irrevocable for Russia, which previously sent about 40 percent of its gas to European countries. With problems of varying complexity, but Europe will find a replacement for Russian gas. In the context of growing sanctions, including on oil and gas from Russia, let Russia now find a replacement for European buyers, let it build gas pipelines to China and India, which do not need such volumes of gas that it sent to Europe.

[WatChe]

All the best with that. The EU and US are free to stop purchases of Russian energy products, as other countries such as China and India are ramping up their supplies. Recently, the Russian oil company Rosneft refused to sign a supply deal with some of the Indian oil companies, because they don't have any more spare export capacity. Just yesterday, Germany reported an inflation rate of 7.9% (highest since the reunification in 1990). And they have started to reopen previously closed thermal powerplants, in order to conserve natural gas (another irony is that EU gets most of their coal from Russia).

No sanctions were imposed on USA when it falsely bomb and destroyed Iraq in the name of finding WMDs, thousands innocent died and millions wounded. Iraq which was called Venice of Asia is rubbled. Clearly current war between USA and Russia, this time Russia is getting stronger and stronger with every passing day. Its best in interest of ukarine to stop acting on advice of usa and resolve the issue with Russia on table. USA has a history of betrayal.

[be.open]

Actually, I think the alternative cannot be discovered by rushing.
But, in order to stop Russia's aggression, the countries must also reduce their dependence on Russia, otherwise, the world economy will go like shit.  

I think, at this moment renewable energy seems to be the only way. Although it is expensive and difficult. But if you can use it properly, your dependence on Russia will decrease and Russia will also suffer because it will not be able to supply oil and gas.

Duke!

Meanwhile, Europe is drawing up emergency plans to switch back to coal after Russia cuts natural-gas supplies.

[Haunebu]

No sanctions were imposed on USA when it falsely bomb and destroyed Iraq in the name of finding WMDs, thousands innocent died and millions wounded.

Lol. It's pretty evident that you hate USA and I can understand why, but stop acting like whatever crap you posted are facts because they obviously aren't.

Iraq which was called Venice of Asia is rubbled.

Venice of Asia? More nonsense. You came up with that on your own.

Clearly current war between USA and Russia, this time Russia is getting stronger and stronger with every passing day. Its best in interest of ukarine to stop acting on advice of usa and resolve the issue with Russia on table. USA has a history of betrayal.

Anyone with a half-decent brain knows that the USA is far stronger than Russia even back when they were the USSR which is why they are trying hard to build closer ties to India and China so that they could build an alliance against the USA.

[DrBeer]

US thought they will make Russia an example for everyone. But their plan failed terribly.
On the other hand they involved the whole EU and started giving aid to  Ukraine. Russia was left alone. But Russia is not a weak country like Afghanistan.

Tell me - do you honestly believe that the United States wanted to destroy Russia? I'll ask a question, and while you try to give a LOGICAL explanation, I'll give you a couple of facts, and you attach them to your answer, and tell me, does everything together look logical?
So the question is: Do you really think that the US wants to destroy Russia or take it over? If the answer is "yes" - then I ask for a logical explanation?
And a couple of facts:
The United States, in its history, Tsarist Russia (Muscovy), the USSR, and then modern Russia - many times. Moreover, at some points, the United States could simply buy out all the assets of Russia for mere pennies, and in fact become the owner of Russia. But they never did this, and continued to provide free assistance.
Such events were:
- The salvation of "great" Russia in 1891-1892, then the American mission of the ARA (ARA - American Relief Administration) fed millions of Russians
- Then there was the period of the "great" RSFSR. And in 1921-1922, millions of starving Russians were again fed. And again for free!
- During the Second World War, which in 1939, along with Nazi Germany, Russia unleashed, the Americans provided gratuitous food aid to the USSR, and also saved the Red Army from defeat, with supplies through Lendlis. Which the USSR never paid in full ...
- Quite recently, in the 1990s, when another "great Russia" was AGAIN starving and falling apart, America did not buy everything in the bud (then Russia sold anything, just not to swell with hunger from "greatness"), but once again gratuitously fed and warmed Russia! A significant part of the food supply was carried out by NATO aircraft!
And all this time Russia is squealing and trying to bite the US, accusing them of encroaching on "its own resources" that do not belong to Russia and its citizens, but only to a bunch of Putin's kleptomaniacs.

[Sithara007]

Meanwhile, Europe is drawing up emergency plans to switch back to coal after Russia cuts natural-gas supplies.

Ursula von der Leyen came up with a brilliant idea, to reduce the thermostat for room heating by two degrees. According to her, it will enable the Germans to save a lot of "valuable" natural gas. If that is the case, my question to Führerin von der Leyen is why can't the room heating be completely turned off? Gas supply to the industrial facilities can be stopped as well. Then EU may not need Russian gas anymore. Meanwhile, the European gas prices are now stabilizing at $1,200-$1,300 per thousand cubic meters, after the spike caused as a result of reduced flows to Nord Stream.