The EU has now given its last approval to a legally binding ban on Russian fuel imports, pretending that is some grand ethical victory. Reuters is reporting that the EU will cease importing Russian LNG by the top of 2026 and ban pipeline fuel by September 30, 2027, with some flexibility to increase below sure circumstances.
The press always 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 fuel. 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 financial 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 is going to result in monetary smash or warfare.
The EU’s complete drawback is that it’s run by politicians who don’t perceive economics, capital flows, and even fundamental historical past. They don’t have any comprehension that the power price is the price of manufacturing. While you intentionally increase the price of power, you increase 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 worth. The EU is heading right into a melancholy due to its personal deliberate coverage choices. Web Zero, sanctions, eliminating nuclear power, attacking farmers, destroying trade, regulating all the things to loss of life, and now pretending you possibly can simply ban the power inputs that constructed trendy Europe.
Europe is banning Russian fuel 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.
