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These experts pointed out that, on the contrary, it has begun to create severe economic crises in many European and Western countries on both sides of the Atlantic, where high rates of inflation, high prices, scarcity of resources and goods and other manifestations of deep economic downturn, left by the policy of imposing sanctions on Russia.
In this context, statements came German ChancellorAnd Olaf Schultz, on Friday, that a sudden ban on Russian gas will not lead to an end to the war in Russia Ukraine.
Schultz said in an interview published Friday in the weekly Der Spiegel: "First: I don’t see at all that the gas embargo will stop the war. Second: you talk as if we are making money from this. But the point is that we want to avoid a serious economic crisis, the loss of millions of jobs, factories that will never open again. This will have dire consequences for our country and the whole of Europe".
Follow up: "I have to say, we can’t allow that".
Observers believe that this German position is a reaffirmation from the pivotal countries in the European Union, that European sanctions against Russia will not, at least in the short and medium term, affect the Russian energy sector, especially gas and oil.
Commenting on this, Lana Badfan, a researcher in European relations at the Moscow Higher School of Economics, said in an interview with Sky News Arabia: "European countries in general had at first a great enthusiasm to impose Sanctions on RussiaHowever, her enthusiasm soon subsided, as the opposite happened and the greatest damage was done to the European economies, where, for example, steel, cement, fertilizer and other vital production sectors were closed in countries such as Germany, Spain, Norway, France and Italy, especially due to the high cost of electricity on the impact of high energy prices. , especially gas in the countries of the European Union, and reducing the production of other productive factories in various industrial sectors, especially agricultural ones".
"For example, the price of one liter of gasoline exceeded 2 euros in Italy"The economic researcher adds: "Which, for example, causes damage to the commercial land transport sector and the supply chains there, so that either a loss or an increase in transport prices will take place, which will obviously cause the price of goods and commodities to rise, which in turn will reflect a drop in demand and economic stagnation. The stifling economic crisis in various countries of Europe".
The researcher in European relations adds: "Europe, which had barely just emerged from the energy crisis caused by the Corona pandemic during the past two years, quickly fell into the midst of this most severe and severe crisis, and that is why a collective letter signed last March 9 by representatives of various industrial sectors in Europe was sent to the European Commission, such as the Links The European Union for the industries of steel, iron, ceramics, mining, ferroalloys, metals and others, warns of the dangers of an almost complete collapse of the European industry and economy as a result of high energy prices".
And she adds that "For this reason, Germany describes the imposition of sanctions on Russia as suicide, because the largest repercussions were on the economies of the eurozone, while we see that Russian economy On the other hand, he was able to a reasonable extent absorb the shock of the sanctions and adapt to the new reality, to the extent that ruble Restored its value Ukrainian war".
In turn, Timur Dowidar, an economist and consultant in the business and investment sector, said in an interview with Sky News Arabia: "On the other side of the discussion about sanctions and their extent, many voices are rising in Moscow asking the Russian government to stop energy exports to the European Union, criticizing the Kremlin for not stopping it so far, given that there is a state of war between Russia and the West.".
He added: "The European Union and Schultz’s statements are the best example of failure, as is evident in its attempts to dispense with Russian energy sources, as Dowidar sees.
ويتابع: "This is combined with the failure of European politicians and leaders to avoid this crisis in the first place. If they were really interested in bringing peace, development and prosperity to their continent and around the world, and ensuring the safety and smoothness of energy supplies and the stability of its markets, they would have agreed with Russia to develop the European regional security system and develop partnership With Russia in this context, before things slip into this dangerous, catastrophic direction".
The economist adds: "The Europeans are forced to rely on Russian energy supplies, and Moscow pragmatically does not see any objection to benefiting from this European need, but despite that, the economic crisis due to the Ukrainian war hits the various joints of the global economy. The crisis, and thus the scarcity of resources and goods, and the world witnessed a crazy rise in their prices".
Coinciding with Schultz’s remarks, he cautioned German central bankFriday, that the immediate European Union ban on imports Russian gas It will cost his country 180 billion euros, or 194 billion dollars in lost output this year.
The central bank, known for its influence in the euro zone, said in its latest monthly bulletin that a ban on Russian gas would weaken GDP by 5 percent for this year, driving up energy prices and causing one of the deepest economic recessions in recent decades.
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These experts pointed out that, on the contrary, it has begun to create severe economic crises in many European and Western countries on both sides of the Atlantic, where high rates of inflation, high prices, scarcity of resources and goods and other manifestations of deep economic downturn, left by the policy of imposing sanctions on Russia.
In this context, statements came German ChancellorAnd Olaf Schultz, on Friday, that a sudden ban on Russian gas will not lead to an end to the war in Russia Ukraine.
“First: I don’t see at all that the gas embargo will stop the war, second: you talk as if we make money from this. But the important point is that we want to avoid a serious economic crisis, the loss of millions of jobs,” Schultz said in an interview published Friday in the weekly Der Spiegel. Factories that will never open again. This will have dire consequences for our country and for the whole of Europe.”
He continued, “I have to say, we can’t allow that.”
Observers believe that this German position is a reaffirmation from the pivotal countries in the European Union, that European sanctions against Russia will not, at least in the short and medium term, affect the Russian energy sector, especially gas and oil.
Commenting on this, Lana Badfan, a researcher in European relations at the Moscow Higher School of Economics, said in an interview with Sky News Arabia: “European countries in general initially had an overwhelming enthusiasm for imposing Sanctions on RussiaHowever, her enthusiasm soon subsided, as the opposite happened and the greatest damage was done to the European economies, where, for example, steel, cement, fertilizer and other vital production sectors were closed in countries such as Germany, Spain, Norway, France and Italy, especially due to the high cost of electricity on the impact of high energy prices. , especially gas in the countries of the European Union, and reducing the production of other productive factories in various industrial sectors, especially agricultural ones.
“For example, the price of one liter of gasoline exceeded 2 euros in Italy,” the economic researcher adds, and says: “This, for example, causes damage to the commercial road transport sector and supply chains there, so that either work is done at a loss or transportation prices rise, which will obviously cause Raising the price of goods and commodities, which in turn will reflect a decrease in demand and an economic stagnation, and the severity and complexity of the scopes of the stifling economic crisis in various countries of Europe have been hardened by this.
And the researcher in European relations adds: “Europe, which had barely just emerged from the energy crisis caused by the Corona pandemic during the past two years, quickly fell into the midst of this most severe and severe crisis, and for this reason a collective letter signed on March 9 was sent by representatives of various industrial sectors. In Europe, the European Commission, such as the European Associations for the industries of steel, iron, ceramics, mining, ferroalloys, metals and others, warns of the dangers of an almost complete collapse of the European industry and economy as a result of high energy prices.
And she adds, “For this reason, Germany describes the imposition of sanctions on Russia as suicide, because the largest repercussions were on the economies of the euro area, while we see that Russian economy On the other hand, he was able to a reasonable extent absorb the shock of the sanctions and adapt to the new reality, to the extent that ruble Restored its value Ukrainian war“.
In turn, Timur Dowidar, an economist and consultant in the business and investment sector, said in an interview with Sky News Arabia: “On the other side of the discussion about sanctions and their extent, many voices are rising in Moscow asking the Russian government to stop energy exports to the European Union, criticizing the Kremlin. For not stopping it yet, given that there is a state of war between Russia and the West.”
He added: “The European Union and these statements by Schulz are a perfect example of the failure, as is evident in its attempts to dispense with Russian energy sources, as seen by Dowidar.
And he continues: “This is combined with the failure of European politicians and leaders to avoid this crisis in the first place, and if they were really interested in bringing peace, development and prosperity to their continent and around the world, and ensuring the safety and smoothness of energy supplies and the stability of its markets, they would have agreed with Russia to develop the European security system. regional development and the development of partnership with Russia in this context, before things slip into this dangerous, catastrophic direction.”
The economist adds: “The Europeans are forced to rely on Russian energy supplies, and Moscow pragmatically sees no objection to benefiting from this European need, but despite that, the economic crisis on the impact of the Ukrainian war hits various joints of the global economy, the budgets of poor and developing countries and even developed countries for imports, She did not expect this crisis to happen, and thus resources and goods became scarce, and the world witnessed a crazy rise in their prices.
Coinciding with Schultz’s remarks, he cautioned German central bankFriday, that the immediate European Union ban on imports Russian gas It will cost his country 180 billion euros, or 194 billion dollars in lost output this year.
The central bank, known for its influence in the euro zone, said in its latest monthly bulletin that a ban on Russian gas would weaken GDP by 5 percent for this year, driving up energy prices and causing one of the deepest economic recessions in recent decades.