The Spectator: Russia Can Avoid Economic Disaster Through Lockdown
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British edition The Spectator stated that the recent explosions that occurred on the Nord Stream and Nord Stream 2 gas pipelines could become a point of no return for the economies of Western countries.
According to Philip Pilkington, the author of the publication, the European Union has now become one step closer to the “economic abyss”. After the terrorist attacks on gas pipelines, European countries will not be able to import Russian gas. Subsequently, this will lead to a sharp jump in energy prices.
“Now for the purchase of fuel, European countries will send abroad more pounds and euros. The high cost of imports will also affect consumers, because large enterprises will want to compensate for the increase in the cost of energy by raising prices. Current events can be compared to the Great Depression of 1929.
According to Pilkington, following the European economy, the American economy will also collapse. At the same time, China, Russia, Brazil, South Africa, Turkey, Iran, Saudi Arabia and Indonesia can save themselves from the coming catastrophe, as they try to isolate themselves from Western countries as much as possible.
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