Think bigger, and look at the whole game board.
The EU is already teetering, and about to start it’s own QE because things have gotten so bad, economically.
Now, Putin cuts off the lifeline to not only Ukraine, but gas supplies to the already weakened Southern EU countries. Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine.
Turkey is covered by last week’s agreement, but the weakest EU members, the one’s whose economies are teetering on the very edge, are not.
Putin runs this just as several different issues are coming together, all at once. Like everything else Russia has done, this is designed to peel off EU support for sanctions.
You know, I never realized how brilliant it was to drive your currency down to 1% of it’s value just 12 months prior. I take it all back. You’re really on to something here.
No, it isn’t 1% yet, but it has tanked severely.
Bwa ha ha ha ha ha...
Since when has Turkey been in the EU?
Interestingly, southern EU countries are the weakest economically, like Greece.
Russia may suffer short term money loss from lack of gas sales, but if he manages to split the EU apart, he may consider the short-term issues a worthwhile sacrifice for long-term gain of collapsing the EU.