"Goes Bank": Putin loses war with Ukraine and energy confrontation with the EU-Twsj

The publication writes that the Russian Federation loses its "wealth", which has been obtained when gas and oil prices have increased sharply. Europe was able to fill the gaps in the supply of energy. The economic campaign of Russian President Vladimir Putin to fight Europe to refuse to support Ukraine is fail. Yes, the cost of gas falls, and the financial situation of the Russian government is only worse. About it reports The Wall Street Journal.

Journalists write, like Europe, and the Russian Federation understand that from Moscow the economic war is crucial. However, the Kremlin fails both on the battlefield in Ukraine and the fight against the European economy. The material says that experts already suggest that although Russia's actions will cause serious difficulties in many places, Putin is likely to fail. Yes, Europe will be able to survive the winter without exhausting all gas supplies.

With warming, the influence of the Kremlin head on the supply of energy resources will sharply decrease. Energy historian, Vice head S&P Global Daniel Ergin is convinced that he played his largest energy map at the end of August, when he stopped the transportation of natural gas to Europe to the Nord Stream. "It's his time. It is his point of the maximum lever, and he goes to Bank," the expert said.

The material also states that the economic "wealth" of the Russian Federation, which it was able to obtain when prices for export oil and natural gas have increased sharply, is exhausted. Yes, gas exports decreased sharply with the cost of oil. Journalists report that European countries have managed to provide additional supply of natural gas to replace some of the lost Russian energy. The publication writes that winter is a period of maximum vulnerability of European governments.

If the season is stricter than usual, which will increase energy consumption, the view of the situation will not be so optimistic for Europe. It is also reported that the Russian Federation has lost the reputation of a reliable supplier. Even the USSR did not use gas as a political weapon. In this case, alternatives to Russian supply help fill the gap caused by the closure of the Nord Stream. Underground gas storage facilities reached 85% of power, exceeding the EU target by the end of October 80%.