Posted on 09/09/2014 9:52:55 AM PDT by Kaslin
The tit-for-tat sanction madness in Europe took a huge leap forward today with new sanctions in the work on Russian energy companies.
Russia responded by threatening to restrict commercial flights over its airspace, by threatening to halt reverse flows of natural gas to Ukraine, and with a threat to reduce gas delivery to Europe.
(Excerpt) Read more at finance.townhall.com ...
Time for the U.S. to start exporting massive amounts of Natural gas. Russia is playing with an old deck.
If Europe stuck with it and endured the hardship that would be involved they’d win an all out trade war hands down.The USSR 2.0 is a Fourth World country with nukes and oil.
Related info:
As Europe braces for Russian gas cuts, some traders bet on peace
http://www.reuters.com/article/2014/09/09/us-ukraine-crisis-gas-europe-idUSKBN0H41ER20140909
State-controlled Russian gas giant Gazprom meets around one third of Europe’s gas demand, worth some $80 billion a year, and it sends almost half of these supplies through Ukraine.
Some traders have steadily bid up winter gas prices on fears of a sudden halt in Russian gas deliveries, which would trigger price spikes and in southeast Europe most likely power and heating outages.
The sense of urgency is so great that authorities across the region are preparing contingency plans that include forcing industry to stop using gas in order to protect households.
Gas prices for delivery during the winter at European trading hubs such as Britain’s National Balancing Point (NBP) have rallied over 8 percent since July, while consultancy Energy Aspects predicts a doubling of gas prices if Ukrainian transit flows are cut.
With markets and governments preparing for the worst, some traders are betting on the opposite, expecting Russian gas to continue to flow, resulting in a market that could be oversupplied especially because stored reserves are so high.
excerpted for Reuters content
Surely no one in the EU is surprised by this move.
It will take several years to build the LNG export facilities.
I think you are right. In the long run, Russia has more to lose. The question is, can the euroweenies hold out for the long run, or even 3 days?
Sanctions halted:
European markets fell Tuesday amid geopolitical jitters after ...”EU governments abruptly halted new sanctions against Russia”.... to assess the latest Ukraine cease-fire.
http://www.thestreet.com/story/12869595/1/european-stocks-fall-as-eu-halts-new-russia-sanctions.html
Exactly. This can’t be done overnight. Europe had better hope for a mild winter.
The question is, can the euroweenies hold out for the long run, or even 3 days?
**********
No. I’d bet on them caving at the first sign of a cold snap.
The real threat isn't Putin. It's that Europe is being over-run by Muslims who don't like them. Is saving the Kiev gov really worth risking the resources they need and being over-run from the east?
EU sanctions against Russia delayed for now..
EU ambassadors meet again to discuss the issue on Wednesday.
Jacek Saryusz-Wolski, a Polish centre-right MEP, said: Either this agreement on ceasefire is respected or there will be further escalation on the EU side in terms of sanctions........If implemented, the measures would target Russian state-owned oil firms and defence contractors.
Russia has warned of retaliation if any further sanctions are implemented.
http://www.euronews.com/2014/09/09/eu-sanctions-against-russia-delayed-for-now/
Prime Minister Dmitry Medvedev has warned Russia may shut its air corridors to Western airlines if the next round of European sanctions hit Russian energy companies.
If there are sanctions related to the energy sector, or further restrictions on Russias financial sector, we will have to respond asymmetrically, Medvedev said in an interview with the Vedomosti newspaper, published on Monday.
more info:
UPDATE 2-EU delays enforcing new Russia sanctions
http://in.reuters.com/article/2014/09/08/ukraine-crisis-eu-ambassadors-idINL5N0R944E20140908
The European Union adopted new sanctions against Russia over its involvement in the Ukraine war on Monday, but delayed enforcing them to leave time to assess whether a ceasefire in Ukraine is holding.
The sanctions, which target the ability of Russia’s top oil producers to raise capital in Europe, were originally due to take effect on Tuesday.
But that was pushed back by a few days after some EU governments suggested that new sanctions be put on hold to give a chance to a shaky ceasefire in eastern Ukraine.
Some EU countries opposed to further punishment of Moscow see the ceasefire, which was declared on Friday and still largely intact on Monday, as an opportunity to block the new EU sanctions package and avoid retaliation from Russia, diplomats said.UPDATE 2-EU delays enforcing new Russia sanctions.
excerpted for Reuters, more at link
Thanks for the mention.
Doesn’t help right now, but it would soon.
I’d expect they could build the facilities faster, if they wanted all those profits more.
Why EU and US economic-jackasses think sanctions will accomplish anything positive or change Russia's behavior one bit is at first glance a bit of a mystery.
However, economic-jackasses by definition are going to do stupid things, so we should expect more and more of the same failed tactics.
Id expect they could build the facilities faster, if they wanted all those profits more.
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You don’t think they try to get the return on their invested money as soon as possible already? They are spending billions before it comes online.
Not trying to trash anyone. This is a strategic need as much as anything else. If doubling up shifts or hiring in massive amounts of manpower to get the job done early would help, I’d like to see it done.
You’d probably wind up spending about the same amount if you can keep it non-union.
I’d like to see Europe free from being blackmailed.
During the Vietnam war combat troops used to fear the words "zips in the wire" which means "the enemy has infiltrated our perimeter".So now I'll warn everyone on this thread that *we* have at least one zip in the wire...you.
What's it like being a Putinista? Is it how muscular Vlad looks without a shirt that makes you swoon?
And who do you think should pay for that?
Youd probably wind up spending about the same amount if you can keep it non-union.
Not a chance. If it was the same amount with a faster return, it would already be done that way.
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