Huge, if they don’t find a way out of this. I assume, but we will have to wait and see, that they are going to try to remove whatever sanctions are preventing Siemens from making the repairs.
But, and this is a big but....it could be that Russia will use this as a way to avoid having to supply any more gas to Europe.
Russia has to this point stuck to performing based on contracts. But, this could provide a legal way out of that for them. And they have had it with Europe and would welcome the opportunity to exit the contracts (except for friendly countries like Hungary, etc.)
i don’t doubt there are incremental maintenance issues creeping up. I would think the timing of most if not all the flow reductions has been political, though.
One would assume when the EU and US stole russia’s foreign reserves (several hundred billion worth), they reasonably expected this, so it should be ok.
...Russia will use this ...
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Or it’s also a way of using Europe’s vulnerability, especially that of Germany & globo Siemens, as leverage against Canada. It pits them against each other as cracks appear within the EU.
Trudeau is one of Klaus’ Golden Boys and he is ambitious. You can see Trudeau, Macron and Rutte competing for hard guy status in the WEF. Pressure on Canada is pressure of WEF and its future talent pool.
Putin seems to be in control. He can emulate the WEF strategy, applying force at several different points of weakness simultaneously. Meanwhile, BRICS+ & SOC continue to organize.