8/15 Scholz et al must have figured that they can get away with limited military assistance because public pressure would die down after a couple of months. Were they wrong? Doesn't look that way. I don't see a lot of people talking about tanks or infantry fighting vehicles anymore/
7/30 #Russia Gazprom Fully Stops Gas Supplies to #Latvia (90% of their gas from Russia) due to non-payment in Rubles explained as "violations of the terms of gas extraction". Latvia requires Russians crossing the border to Kaliningrad to sign a document condemning Russia’s war./
7/9 There is widespread misunderstanding of energys role in the economy. Energy flows build, maintain, and give adaptive capacity to all organisation in nature-incl econ. Monetary value does not= its existential role. Energy-economy models based on past correlations r dangerous junk.
7/9 It is fashionable to predict the end of #Germany's economic model these days, which is supposedly "built on cheap Russian energy". As if an industrial gas bill that rises from 10 to 20 billion euros will upend a 3.5 trillion economy. Yes, there are real risks this year. /1
/So basically vessels owned, chartered, operated or *otherwise controlled* by EU nationals & companies, *no matter if they carry an EU flag or not,* can't transport oil originating in Russia between places *anywhere in the world*. All services, including *insurance*, also banned
(4) It's time for the West to maximize sanctions. The first step is full-blocking sanctions and SWIFT bans on more Russian banks. Currently just 7 Russian banks (~25% of the banking sector) are under these restrictions. The West should expand them to all major Russian banks now.