Ignore the Americans, they are totally screwed up. But, why Canada and the EU? Their economies were already hurting before the sanctions. Now, it is going to become worse with Russia retaliating. Why did leaders of these countries went along with the US in imposing sanctions on Russia, knowing well enough that it would not achieve their aims and be counterproductive. Reason? One is Blackmail. The other is deposits in Swiss bank accounts.
Russia supplies a lot of oil and gas to Europe. The US has lots of shale gas but can’t compete with Russia on price. The only choice was to remove Russia from the market, just as they had removed Iran from the market (and indirectly helped BP and Reliance up their rates for KG gas).
View original post 1 more word