Russia is finally free from Western captivity as supplier of cheap energy mostly via Ukraine pipelines so that Euro factories could leverage this fuel input several times to make huge profit. Ukraine hostilities changed the course of events. And Russia is finally free to sell oil & gas to the East that needs it more.
This brings my memory to Greek Classics, where there was a just person known as Prometheus, who gives fire to humanity defying the gods for which he was subjected to eternal punishment at the hands of Zeus. In the ongoing affairs, Zeus is later abandoned by his supportive elements and falls from power, which finally allows Prometheus to be released.
Germany was in the fore-front on this fraud. She imported loads of oil & gas initially thru Ukraine pipeline and later via Nord Stream. Germany not only made huge profit on the leverage but became the engine of growth in industry and wealth spreading the largesse to Eurozone countries.
Ukraine was second. She had large share of transit income for the use of pipelines and became figuratively a pest. After pocketing billions of dollars in this scheme she later turned against Russia harassing, intimidating and after 2014 committing genocide of Russian speaking Ukros who were mainly in the Eastern and Southern oblasts.
Germany did one more horrendous thing. She never allowed Russia to even thinking of alternate buyers or diversifying her industry. Russia was a gas station as Senator John McCain used to say and Germany precisely meant that. Most industrialized goods from Germany were exported to Russia thereby taking out any incentive for domestic industrialization. At the end of the day, it was the West that benefitted 100% on the Russian oil & gas.
It was a zero-sum game; German led Europe grows steadily while Russia must be satisfied with an import economy of German cars and other luxuries. Roping in the Russian oligarchs, Germany schemed to fritter away whatever surplus Russia had to be deposited in western banks or investing in western capital markets.
Scott Ritter, the well-known military analyst called this as “Anchor” meaning the Russian ship is moored forever in the Western ports. Then came Ukraine and the special military operations by Russia to protect her citizens in Donetsk & Lugansk. Upping the ante, American led west imposed a slew of sanctions in trade, finance, SWIFT mechanism and so many geoeconomics tools to isolate Russia to rot within. The expectation is Russians would rise and a regime change would be carried thru till Russia gets admin that is both overtly and covertly friendly to the West.
This business strategy failed. It is true that Geoeconomics is stupid. But Russians practise Maskirovka. Within weeks if not days, Russia diversified her exports from the West to the East. China, India and scores of others got the benefit of cheap oil. Surprisingly even Saudi Arabia started to buy Russian oil. Quite a lot of this quantum was later refined and exported by these countries to the West at high prices.
The bottom line is Russia as Prometheus unbound is now on top of the geoeconomics spectrum and experiences steady economic growth along with political and diplomatic clout. About 80 countries are expected to attend St. Petersburg International Economic Forum scheduled to be held later this month. What is more, there is going to be a BRICS reserve currency unveiled soon in the horizon!
Cheers!
Muthu Ashraff Rajulu
Business Strategist
Mobile: + 94 777 265677
E-mail: cosmicgems@gmail.com
Blog: Business Strategist
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