The US power coverage has two principal short-term targets: To chop off Russia-Germany (Europe) power cooperation and to regulate power markets with US-Gulf cooperation.
Aside from these two principal targets of the USA, the medium and long-term targets are as follows: To ship the fuel of the Jap Mediterranean to Europe, to have affect over the fuel reserves of the Arctic Ocean.
What’s the image by way of two principal targets? Let’s study:
THE RUSSIAN ECONOMY DID NOT CRASH
The USA pressured the EU to impose sanctions on Russia over the Ukraine disaster, and it’s pushing it much more. Whereas Europe provides greater than 40 % of its fuel want from Russia, this fee has dropped to 10 %, because of the pressure of the USA.
The USA desires to break down the Russian financial system by decreasing this fee much more. Each the sabotage in opposition to Nord Stream 1-2 and the sabotage try in opposition to Turk Stream are associated to this goal.
Moscow had two principal responses to the aggressive energy-politics pursued by Washington: It elevated fuel gross sales to the Asian market at inexpensive costs. He tied fuel gross sales to the West to the ruble.
Putin’s proposal for a joint fuel middle in Turkey might be one other necessary response as soon as it’s carried out: Fuel change by means of Turkey as an alternative of Russia will relieve the European international locations beneath US stress.
To sum up, the USA has considerably achieved its objective of chopping Russia-Europe power cooperation. Nonetheless, it didn’t come near the primary objective of crashing the Russian financial system, as a result of Russia can nonetheless promote a big quantity of its fuel to different markets.
GERMANY AGAINST US CEILING PRICE PRESSURE
Then again Not the Russian financial system, however the European economies are in hassle. US imposed on Europe “Ceiling Value on Fuel” follow pushes Germany in the direction of a break in compliance with US insurance policies. German Chancellor Olaf Scholz warns that imposing an EU-wide cap on fuel costs may backfire discovered” stated: “A politically decided value cap all the time includes the chance of producers promoting their fuel elsewhere, and this In that case, we Europeans get much less fuel, no more.” (bloomberght.com, 20.10.2022)
Not solely Germany but in addition some European international locations, particularly Hungary, are in opposition to the US’s value ceiling stress. Prime Minister of Hungary Orban’The next phrases of Allah are the reality of many international locations: “The appliance of a typical ceiling value is just not in our curiosity. as a result of this invalidates the fuel provide contracts between Hungary and Russia and the power provide to Hungary ceases.” To handle the financial system pressured to purchase fuel from Russia stating that orban, “the upcoming because of the joint fuel provide plan Nice dialogue on the Council of Europe Summit ready” acknowledged.
SANCTIONS REACTION FROM ÇAVUŞOĞLU TO THE USA
The objective of the USA to regulate the power markets by means of cooperation with the Gulf has failed with the demand of the OPEC+ group to chop manufacturing. The USA, which needed to extend manufacturing and scale back costs, anticipated to hit Russia’s revenues on this means. Nonetheless, Saudi Arabia and the United Arab Emirates (UAE) didn’t bow to the stress of the USA and determined to not improve manufacturing, however to scale back it. The specter of the US to withdraw troops from the Gulf, many makes an attempt appear to have been inconclusive.
Turkey’s stance on this subject has additionally added to the power rift throughout the collective West. Minister of International Affairs Cavusoglu, “We see a rustic threatening Saudi Arabia. This bullying is just not proper” He reacted to the USA by saying. Referring to grease costs and sanctions on Iran Cavusoglu, “Take away these sanctions, brother, if you need costs to fall. You can not remedy the issue by threatening only one nation (Saudi Arabia)” stated. (Haberturk, 21.10.2022)
Let’s examine shadow international minister Presidential Spokesman Ibrahim Kalin, Cavusoglu’Will he make a press release that may soften his response?