The Guardian called a “shock” the redirection of Russian exports from the EU to Asia

The newspaper believes that economic sanctions against Russia will affect the rest of the world. In particular, the publication believes that the redirection of oil and gas exports from the EU and the US to Asia will be an “economic shock”

The reorientation of Russian energy exports from American and European markets to Asia would be an “economic shock”, writes the Guardian.

In the article, the newspaper reflected the editors' view on the imposition of sanctions against Russia because of the military operation in Ukraine. In general, the publication believes that the economic restrictions imposed against Russia will seriously affect the rest of the world.

“Russia's importance to the world goes beyond its size as the world's 11th largest economy. The reorientation of Russian exports of oil, gas and coal from the US and the EU to Asian importers would be a big economic shock,— writes the newspaper.

The publication recalled Russia's decision to accept payments for gas supplies in rubles from “unfriendly countries”. “High oil and gas prices will drive investment back into the extractive industries, which could lead to a reversal of the clean energy [production] trend,” newspaper adds.

She also recalls that about 25 African countries import more than a third of their wheat from Russia or Ukraine. The United Nations Development Unit has warned that poor countries are facing, if not uprisings, at least “profound social discomfort,” writes the Guardian.

In addition, the publication admits that Russia may develop new technologies in order to “break out of the geopolitical cage.” The Guardian recalled that before the First World War, Germany tried to cope with Britain's restrictions on submarine cable networks by developing wireless technology. “Today, Russia may step up plans to [develop] a 'sovereign internet' to avoid US surveillance,” writes the newspaper.

Western countries, including the United States, Canada, the EU, Australia, Japan, began to impose sanctions against Russia due to the military operation in Ukraine, which began on February 24 . The country's energy sector, financial, aviation and shipbuilding, and the rocket and space industry fell under the sanctions. In addition, personal sanctions were imposed against politicians, officials, the military, businessmen, top managers of large companies, employees of state channels.

Against the background of restrictions, the European Union said that it was trying to reduce dependence on Russian energy supplies as soon as possible. EU High Representative for Foreign Affairs and Security Policy Josep Borrell admitted that the bloc could refuse Russian gas in two years.

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Источник rbc.ru

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