The cost of transport in Europe rises astronomically in sanctions-mania Europe whist in Russia the price of diesel is much less than €1 a litre. Petrol and diesel fuel currently cost considerably more at German petrol stations Germany’s federal statistics office Destatis has announced.
Five European states were outraged by the possibility of imposing an embargo on Russian energy carriers. On Friday, April 8, reports the British edition of the Daily Express. According to the author of the material, the rebellion in the European Union was led by Hungarian Prime Minister Viktor Orbán, who believes that such a ban would kill the country and other European nations.
If you want to see the future look into the past. In this woman’s recollections, you will see a reflection that you will recognise. If you do not see your reflection in the yesterday’s mirror you will:
MICHAEL WALSH EDITOR: Recently, I learnt of a donkey sanctuary that receives $3 million in donations every year. I then look at Europe Renaissance’s depleted bank account and I ask myself why I can’t play the ass too?
Foreign critics have long chafed at the exorbitant privilege of the U.S. dollar as a global reserve currency. The U.S. can issue this currency backed by nothing but the ‘full faith and credit of the United States.
Despite the difficulties, the Russian economy can still exit with a brilliant trade and balance of payments. According to Bloomberg, experts expect Russia to earn almost $321 billion from energy exports in 2022, more than a third more than it did in 2021.
Even as US ‘President’ Joe Biden and Canadian premier Justin Trudeau announce food shortages sweeping their respective nations, farmers are being paid to stop farming. In the United States, chickens are now ‘illegal animals’ in more municipalities, requiring a permit, ‘due to bird flu. The claim goes’
The United States and its European cohorts have deprived the Russian Central Bank of access to foreign reserves, which threatens to stop other countries from using the dollar, analysts at Goldman Sachs write in a research note. As Insider argues, countries are concerned about the abusive power such widespread use of the dollar gives the US, and investors might take that seriously, too.
Prices for many essential commodities, food, fuel, plastics, and metals in the Western world, have soared beyond what many consumers can afford. As a result, cash-strapped consumers are forced to cut their spending. If this trend accelerates, it could lead to the fact that Western economies that have already suffered from the pandemic again plunge into the abyss of recession.
How does the Russian economy feel under the burden of new unprecedented sanctions? Much better than one might think, notes The Economist. Although the West has effectively unleashed an ‘economic war’ using the Russian special operation in Ukraine as an excuse to curb Russia as a trading power, by banning the supply of a wide range of goods and forcing large companies to leave the Russian market, as well as freezing up to 60% of the foreign reserves of the Russian Central Bank together, it seems that this strategy no longer leads to the desired results.
Michael Walsh Stories and Books 
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