I think the way they agreed for China to pay for Russian gas with Euros was basically because China was getting more Euros than they could spend. While Russia had the EU as their major trade partner. So it was a mutually beneficial deal. Now that trade of Russia with the EU and US is basically cut, Russia has no need for Euros. They are probably swimming in more Euros right now that they can use. So I think the gas purchases will go to a Yuan based denomination. So Russia can buy Chinese goods with it. Allegedly this is already being done with coal. And I think oil will probably be next and gas will be last.
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- Thread starter bd popeye
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How dare we to use government money (subsidies) in an attempt to develop trade, technology, entrepreneurship, increase agricultural and industrial production. Very unfair according tot EU and US neoliberal doctrine aka global economic rules based order. The magic and invinsible hand of the free market will take care of our lives and future HK style. Their obsession with subsidies borders on economic crusading.
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Oh crap he’ll be spamming Wumao content all day long…
Reading the paper i see no concrete security guarantees. They talk about intensified joint exercises, increased intelligence co operation, help against cyber threats and hybrid warfare and an increased British and NATO naval presence in the Baltic sea. But no promise of direct military assistance as in Declare war on Russia in case of an attack.
Unofficially there have been security guarantees from The U.S throughout the cold war, how much they would have been worth if things turned hot is anyone's guess.
Do the demagogues in the EU realize that they are the side with a smaller economy, high inflation, and low growth? These guys are horribly st*pid. Europe is being led by inept people. It seems having to look after up to 10 m refugees because of American adventures is not enough.