Wednesday 5 March 2014

UKRAINE INVASION : ECONOMIC SANCTIONS AGAINST RUSSIA ?


Politicians are now pondering what sanctions can be decided against Russia following its invasion of Ukraine, purely on the pretext that Russian civilians living there are in danger ! 

Russia invaded after a Putsch ousted  President Yanukovych who then fled to Russia to avoid being lynched by retaliating Ukrainian demonstrators ! 

The obvious Economic Sanction the West would like to impose on Russia is a reduction of the sales of Siberian Gas sold in Europe. This Gas flows through a cobweb of pipeliness and helps to heat numerous European countries.

The income helps to shore-up Russia's brittle finances and the declining parity of the Rouble.

The knock-on effect of this dependence on Russian Gas should lead Political Leaders to reconsider their future strategies about building more Nuclear Power Stations to provide more electricity to replace Gas entirely.

The 2011 Fukushima Nuclear Power Plant disaster in Japan frightened many people, above all the politicians, but surely lessons have been learnt.  In this area France is well placed; it even exports electricity,  to the UK for example !

EU leaders meet in an Emergency Summit in Brussels to-morrow.  "Tit for Tat sanctions" can be expected afterwards because Russia will not simply take everything on the nose without reacting !

                           .        

No comments:

Post a Comment