Economics Magazine

Update! Russia Threatens Gas Supply To Europe (Video)

Posted on the 04 March 2014 by Susanduclos @SusanDuclos

By Susan Duclos

Update! Russia Threatens Gas Supply To Europe (Video)

[Update] Now the largest oil refinery in Russia is on fire..... did the US attack Russia?

Putin is playing hardball now directly following US officials, such as John Kerry, threatening to impose sanctions on Russia after Russia troops took control of Crimea following the western backed ouster of the elected pro-Moscow president of Ukraine.

Natural gas giant Gazprom, which Russia holds controlling shares in, has announced that due to political tensions in Ukraine and "inadequate" economic conditions, there may be "disruptions to gas supplies to Europe.

Via InfoWars:

Although the monopoly said it would attempt to reduce export risks, Gazprom’s chief financial officer Andrei Kruglov cautioned that Ukraine had failed to fulfill its debt obligations. This followed Gazprom spokesperson Sergai Kupriyanov’s warning on Saturday that Ukraine would see its account with Gazprom canceled as a result of an overdue tab of $1.5 billion dollars. 
Although the warning of a gas disruption to Europe is not being characterized as political payback, it would be naive to think otherwise. The Financial Times describes Gazprom’s monopoly as a “formidable weapon to deploy against Ukraine,” noting that, “conflict with Russia would imperil one of the transit routes for gas to Europe” and lead to higher prices.

In the first video below, David Knight explains how war is the "lifeblood of the state" and how the Ukraine situation has brought about wars on three levels, trade war, with the gas supply, cold war with the US and what has been known in the past as MAD aka Mutually Assured Destruction, which is a "doctrine of military strategy and national security policy in which a full-scale use of nuclear weapons by two opposing sides would effectively result in the destruction of both the attacker and the defender," and hot war, which is where Russia and Ukraine are heading in the direction of right now and other countries are preparing to involve themselves in.

In the second video below, from Bloomberg News, we see five ways the Russians can crush the Ukraine in an all-out war.

Cross posted at Before It's News

Back to Featured Articles on Logo Paperblog