The EU has now given its closing approval to a legally binding ban on Russian gasoline imports, pretending that is some grand ethical victory. Reuters is reporting that the EU will cease importing Russian LNG by the tip of 2026 and ban pipeline gasoline by September 30, 2027, with some flexibility to increase below sure circumstances.
The press continuously frames this as “standing as much as Russia,” however in actuality, this has been nothing greater than a shift from one provider to a different whereas pretending it’s independence. Russia was as soon as supplying over 40% of EU gasoline. By 2025, they managed to cut back it to round 13%. But some international locations are nonetheless shopping for Russian power since you can’t run an industrial economic system on ideology. In fact, Hungary and Slovakia opposed this, and Bulgaria abstained. Hungary says it plans to problem this legally. Centralized energy strips particular person member states of all autonomy, and all nations should abide by Brussels even when it can result in monetary damage or warfare.
The EU’s total downside is that it’s run by politicians who don’t perceive economics, capital flows, and even primary historical past. They don’t have any comprehension that the power value is the price of manufacturing. Whenever you intentionally elevate the price of power, you elevate the price of EVERYTHING. That’s not “Putin’s inflation.” That’s EU inflation, attributable to EU coverage.
I warned that sanctions would set off disruptions and excuses for provide cuts, and that Europe could be the one paying the value. The EU is heading right into a melancholy due to its personal deliberate coverage choices. Web Zero, sanctions, eliminating nuclear power, attacking farmers, destroying business, regulating all the pieces to demise, and now pretending you’ll be able to simply ban the power inputs that constructed trendy Europe.
Europe is banning Russian gasoline not as a result of it makes financial sense, however as a result of the EU has turned coverage into faith and calls for ideological conformity.
