-
2023-03-01 19:45:14+00:00
🤔 The Council of the EU has passed a new resolution on the restrictions of the Russian oil derivatives imports this month. Whether this measure will cause any disruption or damage on Russian producers or not, how will the decision by Brussels influence the energy security in Europe? Will that help them in their hybrid war against Russia?
They have been announcing that resolution much earlier when they passed their resolution on the restrictions of the price of crude oil. This is when the Council encountered a number of opposing critical views within the EU because in doing so new most probably dangerous precedents are being defined, possibly to be abused by other participants in the oil market.
The common market principles and market forces as we know them are being ignored and cancelled, the seller’s products prices are being restricted in that the buyer is literally blackmailing the seller now; if they continue applying such new random unfounded rules, it is debatable what this might lead to. European Union and G7 countries are slowly becoming a major obstacle for the unimpeded trade to occur in the global economy.
This resolution by the Council of the EU seems to be indicative enough in that it even made an exemption about said oil derivatives. What impact will this resolution by the Council of the EU have and what will the energy security in the EU look like soon? Will that help or hinder their hybrid war against Russia?
Meanwhile Russia and China couldn’t care less about their haters 🥳
đź’¬ Read more by Natasha Wright
#EU #sanctions #oil #embargo #pricecap
-
2023-03-02 07:20:50+00:00
In my recent article i mentioned the Orwellian European Peace Facility, a EU fund set up in 2021 to arm Ukraine. Not only the fund, worth €5 billion, was financed outside the budget, for a period of seven years, it was conceived and set up well before the start of Russia's military operation in Ukraine. 📍Now the European Union proposes that €1 billion shall be specifically dedicated to ammunition, particularly 155mm artillery shells, according to a document seen by POLITICO.
The EU is helping supply Ukraine with arms through this inter-governmental cash pot which is used to reimburse countries that export arms to Ukraine. So far, the facility has disbursed €3.6 billion in military aid to Ukraine, with member countries deciding last December to increase its funding by €2 billion in 2023.
To date, the spending needs have been loosely defined but the EU is now placing heavy emphasis on artillery ammunition. @LauraRuHK Read more here https://medium.com/p/7d41818139a9