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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRussia Resorts to Desperate Threats to Cut Off Europe's Gas Supply
https://www.thedailybeast.com/russia-resorts-to-desperate-threats-to-cut-off-europes-gas-supply?ref=homeRussia Resorts to Desperate Threats to Cut Off Europes Gas Supply
LOSING POWER
Jamie Ross
News Correspondent
Published Mar. 08, 2022 5:24AM ET
ProudMNDemocrat
(16,486 posts)So Putin has perfected the art of EXTORTION? The West gives him back the once Soviet Union and they get their Natural Gas back. The cost of Freedom and Democracy comes at a cost. Morally as well. Fund Putin's lust for world domination or freeze.
Reminds me of the scene in '300' where the Persian emissary to King Xerses tells King Leonidas of Sparta about Earth and Water if the Spartans surrender. The Ukrainians and the rest of the Western and Eastern European countries are not keen on surrendering. Not yet I pray.
Choose your words wisely, Vladimir.
C_U_L8R
(44,897 posts)Demanding everything, offering nothing.
jpak
(41,742 posts)Putin cuts off nose to spite face
Yup
If that was the only financial loss Russia was getting hit with it wouldnt matter, but its not. They have a finite number of revenue streams or, more accurately, had a finite number. If Putin cuts this one off, whats left? If China agreed today to dramatically increase its imports from Russia it would take time to implement. Logically, from Chinas perspective, it makes more sense to wait until Russias economy craters before making any agreement. So while China says they are in talks they play the long game. Im more inclined to think they see this as an opportunity to cripple Russia thus ensuring a long-term supple source of cheap resources.
Irish_Dem
(45,654 posts)Russia sells gas to Europe and can cut it off.
China and the US have an enmeshed financial system. Including the fact that China owns over a $1 trillion of US debt. If we ever had to put sanctions on China they could call in that debt which would cause problems for the US?
Phoenix61
(16,954 posts)They tank our economy and whos going to buy all their stuff? Russia? Their economy is in free fall.
Irish_Dem
(45,654 posts)He is threatening to use nukes which would hurt him with our retaliation. But just the threat of taking nuke action is getting compliance.
China and Russia would use threats as a way to get others to roll over.
Phoenix61
(16,954 posts)uninhabitable waste lands is vastly different from threatening to call in a bank note.
Irish_Dem
(45,654 posts)Money talks big time in the US. Look at the big tizzy people are in over gas prices.
China calling in the debt would have a big psychological and financial impact.
If it happened under a Dem POUTUS, the GOP would hammer that home during election time and we could lose a lot of seats.
Phoenix61
(16,954 posts)From bomb shelters in Florida to school children hiding under their desks during the Cold War. Throw in photos of Japan after they were bombed and years of Hollywood depictions of nuclear winter with the end of civilization as we know it, and it evokes a visceral response. Talk about calling in notes early and the vast majority of Americans have no idea what you are talking about.