Europe, the battlefield between the United States and China
Souce
Deindustrialization is coming, oil is running out due to the recent decision of the European Union commission to launch this plan called REPowerEU, which is basically that misnamed ecological transition, energy transition.
Souce
Furthermore, Europe decided to abandon nuclear, this occurred practically all over the world, and depend on gas as backup energy to make this so-called ecological transition, what has happened, Europe does not have gas, if you do not have gas and you make a energy strategy in which you base your entire strategy on someone else's gas and his name is Vladimir Putin because you have it complicated,
Souce
The most important sanction that is least talked about is the freezing of access, the blocking of access to reserves by the Russian Central Bank, that is, removing banks from the Swift system has not been done to Russian banks basically because then That would mean not being able to make those transfers to pay for the hydrocarbons, so a light expulsion has been carried out, seven banks have been taken, we removed them from the Swift system but we are going to exclude the hydrocarbons from that exclusion, the Swift system continues to work for payment of hydrocarbons.