With war at its doors, Europe discovers a capacity for action
economist.com
economist.com
However, coordinated sanctions backed by the crucial will to take an economic hit if necessary have made it possible that, if it the bear cannot be fought, it might instead be fenced in and driven back with starvation.
Germany is still importing Russian oil, but less of it. Do they and the EU have the will and the coordination to turn off Russia's last pipelines of money for munitions?
If the West can tame the bear without fighting it, that will be a huge win for Western diplomacy. It will prove that the post WWII world order can do what it was designed to do. It will prove that its possible to tamp down the aggression of bad actors without threatening the world with nuclear war.
If the West fails in this and either lets Ukraine fall or decides to roll the dice and intervene militarily, then the future security of the world is going to take a big hit. The bear must be tamed, but without war.
If you're in Germany, tell your government to ban Russian oil. This will hurt Germany, but could be the key difference that keeps nuclear conflict off the table.
Like the USA
> you're in Germany, tell your government to ban Russian oil. This will hurt Germany.
And Russia would sell to China. So Germany hurts itself and Russia doesn't care
Russia does vastly more trade with the EU than China. Even if China continues to do nothing, that doesn't mean demand for Russian goods will suddenly undergo a massive increase in China. Supply will exceed demand, prices will fall, and Russia will have less money for bombs.
So everybody wants from Europe to hurt itself but at the same time the US is allowed to needlessly buy oil from Russia.
Russia would probably sell to China (not sure about the added complexity involving currencies => probably depends on the goods that Russia could buy from China), the question is probably how much of it China would buy & when (e.g. existing contracts with other parties, potential negative impact on foreign public relations, not sure if oil quality plays a role for certain types of consumptions, etc...).
Currently it looks like that Germans and probably all other european countries (why do we always end up talking only about Germany? Are other EU countries that much less relevant?) would be willing to be "hurt themselves" by paying more in/directly (I guess something similar to the whole blood-diamonds theme, but in this case it's more direct), I guess that the question is "how much more".
Maybe if most of the countries are impacted the same way and therefore there aren't major "hotspots" that would have access to a low price (and therefore boosting their lower-cost production) then the only impact would be a little bit of spread inflation?
EDIT:
forgot to mention that the price of oil from Russia "urals" is currently as well increasing, but less, as it's detaching itself from the reference "brent" ( https://ibb.co/mXGf5XX ) because of less people/companies/countries willing to buy it (because of inability to pay for it because of the various sanctions, and/or because of bad public relations that that would generate).
Selling to China is a huge profit reduction for Russia.
EDIT: I had this discusion a couple of times now, consensus: As long as invoices are paid, transportation is avaialable, neither party (customer, supplier, banks,...) nor product are on a sanctions list or under embargo you continue to respect your existing contracts and obligations and continue business. Things like oil and gas have been excluded from any snactions (last I know, things are changing incredibly fast...).
That will give Europe another 8-9 months to find alternatives. The only alternatives that are available in that timeline are gonna be a massive ramp up of wind/solar and possibly restarting expensive coal operations. And energy efficiency, which I suspect governments in Europe are gonna bring in a raft of policies to emphasize.
I suspect they will go in big for renewables and then try and fill in any gaps with coal.
Those 9 months also give the US time to ramp up their gas exports to Europe.
Cutting off energy imports from Russia right now wouldn’t just be shooting them selves in the foot, it will remove the last piece of leverage the Europeans have against Putin. The Ukraine invasion isn’t likely to involve NATO troops and so needs to end at the negotiating table, at which time Europe needs the stick of imposing further pain by ending energy imports.
The author might want to review things that happened in the US immediately after 9/11. Action, yes, but in almost every case exactly the wrong actions were agreed to in short order and executed. Both parties, united as one. Just look at all the unity! Maybe out of this tragedy will emerge a new sense of cooperation.
We're still paying the price for that fever-induced debacle.
> This is heart-warming stuff.
For me it's spine-tingling.
https://weltwoche-ch.translate.goog/daily/fuer-das-ausland-h...
The whole planet is pretty much aligned on the sanctions. South Korea is not part of the EU. Nor is Switzerland.
What garbage! It's a political entity. Von Clausewitz had something to say about war and politics . . .
https://www.goodreads.com/author/quotes/67848.Carl_von_Claus...
Some point the European Union has to grow a spine and stop thinking America’s going to bail them out of every conflict.
I see the same Europe as always. Conflicted in direction, visionless in strategy, and slow in implementation.
I don't think I can remember such a unified Europe in my adult life.
EDIT: NATO dod sends tons of help before, mostly money. It's fair to assume that money wasn't spend on new smartphones for everyone.
The White House has been doing that for, at least, approximately 3 months; it's been since early December (maybe even earlier). Here’s the Dec. 7 Press Briefing where it is the main issue:
https://www.whitehouse.gov/briefing-room/press-briefings/202...
> Literally none of the EU nor NATO members did much until they literally started driving the tanks in.
That's very much not true, which is why they were able to do quite a lot right away when the invasion happened despite all the diplomatic efforts to dissuade it.
With a lot of Western (mostly NATO/EU members, not all via NATO or EU) money and training, Ukraine has, IIRC, doubled the size of and significantly modernized it's military since the Russian invasion began in 2014.
Like throwing money at energy companies to keep nuclear power plants running longer while already having thrown money at them for over a decade for closing down these plants.
I am all for becoming more energy independent. But this is just something I can't wrap my mind around.