Western Sanctions Are Leaving Europe In Ruins | “We Made A Fatal Mistake“

Western Sanctions Are Leaving Europe In Ruins | “We Made A Fatal Mistake“ #europe #economy #crisis Sanctions are causing quite a stir, and oddly enough, it’s Europe that’s feeling the brunt of the economic and political upheaval. Russia, surprisingly, remains relatively resilient in the face of these sanctions. Europe, on the other hand, has taken a significant hit. As another winter approaches and energy prices continue to climb, the cracks in Europe’s facade are becoming more visible once again. In Germany, there’s growing concern about how the conflict is affecting the country’s once smoothly-running economic model, which has been somewhat dependent on the affordability of Russian energy. During a recent gathering of business leaders and economists at Italy’s Lake Como, one German participant couldn’t help but wonder aloud, “What’s the future of our economy? Are we headed down the same path as Britain, relying heavily on services and financial wizardry? That doesn’t seem like the right direction for Germany. A growing number of Germans seem to share these worries. According to Politico’s latest poll averages, support for the Alternative für Deutschland party. Some of whose members advocate for a swift resolution with Putin has surged from 10% at the war’s onset to 21% today. If You Like This Video; Like, Share, Comment And Subscribe. This Means A Lot To Us! Thanks For Watching Our Video; Western Sanctions Are Leaving Europe In Ruins | “We Made A Fatal Mistake“ Sanctions against Russia are adding to the challenges. Yet, despite the evident drawbacks, support for Ukraine has, so far, remained strong within the political mainstream. This isn’t the case in Hungary, led by Viktor Orbán, which has consistently refused to align with the European consensus on various issues. From gender politics to migration and net-zero initiatives, Hungary often plays the role of the EU’s black sheep, firmly standing its ground against anything that emanates from the center. Opposition to sanctions is just one of many areas of contention. European citizens seem skeptical about the current approach, remarks Balazs Orban, Hungary’s prime minister’s political director. Everyone seems to be benefiting from this war in Ukraine except Europe itself. Sanctions aren’t yielding results. We need a diplomatic solution, he adds. His comments perhaps echo the sentiments of a more extensive population across Europe than EU leaders might wish to admit. In any case, it’s no longer a fringe viewpoint. Since August 2022, the EU has completely ceased imports of Russian coal, while Russia’s exports of oil and gas to the EU have been significantly curtailed and are set to cease entirely by the end of 2025. Simultaneously, Russia took its strategic steps in the energy chess match. The export of Russian oil and gas to the EU was significantly curtailed, meaning that Russia reduced the volume of these critical exports to EU nations. This reduction could be attributed to various factors, including geopolitical tensions or changing energy dynamics. But there’s a definitive timeline in play. The statement suggests that these cutbacks in Russian oil and gas exports to the EU are not just temporary measures. Instead, there’s a plan or expectation that these exports will come to a complete halt by the end of 2025. That’s right, a complete stoppage in the flow of oil and gas from Russia to EU member countries is on the horizon. This standoff has given rise to a cost-of-living crisis across Europe, marked by rampant inflation and a stagnant economy, further deepening political divides. However, the notion that Europe could emerge from the Ukraine conflict relatively unscathed was always more of a wishful dream. In the meantime, the European economy continues to weaken. And their members are starting to feel the double-edged sword. Hungarian Foreign Minister Peter Szijjarto has criticized the European Union’s sanctions policy against Russia, calling it a global laughingstock. Speaking at the Tranzit political festival, Szijjarto characterized the impact of sanctions on Russia as a “baroque and poetic exaggeration.“ According to him, the policy of sanctions has failed, and the rest of the world ridicules the European sanctions approach. Szijjarto believes that European leaders have embraced these sanctions due to a “war obsession.“ He also expressed concerns about EU military aid to Ukraine, suggesting that it directly threatens the continent’s security. Szijjarto lamented that European politicians accepted the provocation of engaging in a military aid competition with the USA, despite the harm it caused to Europe. More Details In The Video