Because this specific pipeline has nothing to do with Russia. The opposite, it connects Finland to the Baltic States which have a pipeline with Poland and then the rest of Europe...
So if Russia is indeed blowing up pipelines blowing up Balticconnector would make perfect sense.
I think the evidence favors either Russia or Ukraine having destroyed the pipeline. But this isn't a great reason. Russia straight up stole the airplanes its domestic airlines leased. It could simply refuse to pay the fines, too.
Well, the planes already were in Russia, foreign lenders can't seize them. But fines for non-delivery can still be taken in by seizing assets of the Russian companies in Western countries. Our legal systems unfortunately don't allow wholesale seizure of everything Russia, so it needs an actual contract violation for a seizure order to be upheld.
You can do the same thing to compensate the owners of the planes.
You said "assets of the Russian companies." I'd curtail that to assets of the Russian state. Aeroflot is state owned. (It's why Aeroflot settled [1].)
[1] https://www.reuters.com/business/aerospace-defense/aircraft-...
IMO we're currently looking at a major inflection point in history, yet so many have no idea of what's happening. In the USSR there were two major state newspapers, pravda (meaning truth) and novosti (meaning news). A USSR era joke was, "Why do we have two newspapers, truth and news? Well that's because there's no truth in the news, and no news in the truth."
[1] - https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
But yeah, I agree with you. Russia's economy is looking very robust right now when compared to many major European economies.
The economy of Europe will recover, Russia's will not. The price of the Euro is very stable and increasing. https://www.google.com/search?q=price+of+euro
Germany, France, and the UK all have larger economies than Russia. Germany was 2x that of Russia's and is far smaller in geographic area.
https://www.statista.com/statistics/268173/countries-with-th...
>The overall growth rate in Europe is 0.6. Russia is at 1.5%.
According to who?? Putin? I guess if you're hitting rock bottom, there's no place to go but up?
Thanks but I'll put my money in Euros before I put it into Rubles.
It's definitely true that Russia's currency is currently weakening, but the reason this is a threat is not because that in and of itself, but rather knock-on effects. A big one is inflation. And Russia is absolutely seeing rapidly increasing inflation right now [2], but it remains to see if that starts hitting threatening levels.
In the current state of the world I think putting your money in any currency is absurdly risky, with very little hope for meaningful returns. It's the reason even US treasuries are paying out such high interest rates. As always, it seems the only real hedge is "real" things - precious metals, real estate, and so on.
[1] - https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/...
As for pariah, the main countries trying to "isolate" Russia are the US and the usual suspects. And "we" make up less than 15% of the world. It's why we carried out the equivalent of a nuclear economic attack with the sanctions, yet here we are, a year later, debating minutia when looking at the impact.
This [1] page is a data orgy for any sort of economic indicator that might interest you. The one thing to be careful about is to ensure you're using real (inflation adjusted) values and PPP adjusted values. A dollar goes much further in Russia whether buying tanks or tacos, so doing something like comparing nominal GDP values is misleading. It's like how a guy earning $70k in Bodunk is, in practice, earning dramatically more than a guy earning $70k in San Francisco. Even though the nominal figures are identical, $70k goes much further in Bodunk than San Francisco. Same thing, often to an even more extreme degree, between countries.
[1] - https://tradingeconomics.com/russia/home-ownership-rate
lol, everyone with half a brain ran from Russia as soon as they could, and they aren't coming back if they can avoid it. And the ruble will continue to sink lower and lower. There's no reason to think it wouldn't and no matter how you try to spin it, that's not a good thing for Russia's economy.
In 2008, there were 68 million employed persons. Today there are 74 million. In 2008 there was a population of 142 million, today it's 146 million. Even their fertility rate is up, after much focus on it. In 2008 it was 1.456, today it's 1.825 [1]. Still far too low, especially for a country with so much land, but this is a struggle all developed nations are currently facing and, by that standard, 1.825 is better than average.
These are simply data. The spin is how the media takes one single data point, and disingenuously frames is as a core targeted effect. The sanctions are certainly having an impact, but in terms of the desired outcome - the destabilization or collapse of Russia - they have been a complete failure. Instead the primary consequence of our actions has been to split the world in 2, almost certainly to our own detriment.
[1] - https://www.macrotrends.net/countries/RUS/russia/fertility-r...
Russia is the new enemy, or the old one I suppose. We've always been at war with Eastasia after all, right? Perhaps a more appropriate reference would be, "The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command."
No thanks, I never, ever would do that, because FUCK RUSSIA.
FUCK RUSSIA.
[1] - https://www.nytimes.com/2003/02/06/opinion/irrefutable-and-u...
The irrational level of hate and disdain for a country you know seemingly nothing about is not natural. It's a mixture of endless propaganda, and likely being 'surrounded' (so much as the digital world counts) by other people who also support and encourage such hatred. Again the state of society today is much like a mirror into Germany 1935.
до свидания камрад
https://www.businessinsider.com/nord-stream-mystery-minerva-...
In short, while it might not make sense for "Russia to blow up its own pipeline", it would make sense for 'certain Russians to blow up a pipeline owned by other Russians'.