Europe faces energy disaster in case of anti-Russia sanctions
Europe will face a serious energy crisis in case of tough sanctions against Russia, predicts Amit Bansal, an analyst with the Indian newspaper Daily News and Analysis.
EU headache
"The European Union could end Russian gas supplies as a restrictive measure. However, Europe is heavily dependent on cheap and affordable fuel from this country," the author of the article noted.
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| Sputnik Photo |
According to the Daily News and Analysis observer, the introduction of restrictions by Brussels will lead to the fact that the countries of the region will have to buy expensive raw materials from the Middle East and deliver them by tanker. According to Amit Bansal, this will become a real headache for the EU. The journalist argues that any such anti-Russian action will undermine the energy security of the whole of Europe.
Disconnect from SWIFT
Among the tools that could put pressure on Moscow, the article also mentions disconnection from SWIFT. According to the author, this measure would not only be ineffective, but would also encourage many other countries to look for alternative payment systems. The expert concludes that China has already begun preparing for such a scenario, and Russia is likely to join in.
