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Politics : View from the Center and Left

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To: Bread Upon The Water who wrote (246646)	3/6/2014 11:32:40 AM
From: Wharf Rat	Read Replies (1) of 541414

"it now has to import fossil based power from abroad" So do we; in fact, some from Russia. = Oil and Gas Geopolitics: Why the EU Has No Leverage Over Russia in The Ukraine Stand-off Much more discreet and more easily denied than also-denied petrodollar recycling operated by the US and Saudi Arabia, the EU’s “gaseuro” and “petroeuro” currency recycling operated with Russia – especially by Germany, Italy and France and other EU states, is starkly different to the “petrodollar system” because it is an economic win-win. Because of this, the EU after ritual blethering and cries of alarm will avoid operating economic, trade, monetary or other sanctions against Russia. globalresearch.ca Russia said on Tuesday that it would retaliate if the United States imposed sanctions over Moscow's actions in Ukraine. "We will have to respond," Foreign Ministry spokesman Alexander Lukashevich said in a statement. "As always in such situations, provoked by rash and irresponsible actions by Washington, we stress: This is not our choice."

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