Energy crisis: Vladimir Putin torches Russia’s future

Energy crisis: Vladimir Putin torches Russia’s future

Vladimir Putin would rather shut down Russia’s natural gas production and flare the gas than fulfill the supply contracts with Germany and other European customers. In the medium term, dictator Putin is steering his country into an economic disaster.

Bernd Ziesemer

Natural gas flares at the compressor station of the Nord Stream 1 pipeline on the Finnish border and in Russia’s far north on the Yamal Peninsula and elsewhere have these days become a symbol of the suicidal insanity of Moscow politics. Vladimir Putin prefers to burn the natural gas instead of delivering it to Germany and Western Europe. Political fun costs at least 13 million euros a day – not to mention the severe ecological consequences. Putin still firmly believes in bringing the EU states to their knees with the energy weapon and thus turning the war in Ukraine around. In the long term, however, the dictator is burning down the economic future of his country.

Source: Stern

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