MOSCOW, October 2 – Novosti. Explosions on the Nord Stream and Nord Stream 2 gas pipelines could become a point of no return for the economies of Western countries, economist Philip Pilkington wrote in an article for the British edition of The Spectator .
According to the author, after the terrorist attacks on key gas pipelines, the European Union has become even closer to the “economic abyss”.
“Europe will no longer be able to import Russian gas, which will lead to a sharp increase in energy prices. This means that European countries will have to send more euros and pounds abroad to buy fuel. Higher import costs will also affect consumers, as businesses try to compensate the rise in the cost of energy by rising prices. Current events can be compared with the Great Depression of 1929, “the publication says.
The observer also believes that the “already weak” American economy will collapse after the European one.
“With the start of the special operation in Ukraine, the BRICS countries are increasingly strengthening trade and financial ties with each other and with potential candidates for membership in the organization. It seems that the goal of these economies is to separate themselves from the West as much as possible. If they succeed – but it seems, that this is the case, they will be able to avoid falling,” Pilkington concluded.
A gas leak at Nord Stream and Nord Stream 2 was discovered on September 26. At that time, both gas pipelines did not work: pumping through Nord Stream was suspended from the end of August due to problems with the repair of Siemens turbines caused by Western sanctions, and Nord Stream 2, which was completed in 2021, was never put into operation. operation. Nevertheless, the pipelines remained filled with gas.
According to the operator Nord Stream AG, the accident is unprecedented and it is impossible to estimate the timeframe for repairs. The authorities of Germany and Denmark do not exclude that the cause of the emergency was sabotage. NATO claims that the accident was “the result of deliberate, reckless and irresponsible acts of sabotage.”
The Kremlin called the incident an act of international terrorism. According to Vladimir Putin , “sanctions are not enough for the Anglo-Saxons”, they have begun to destroy the pan-European energy infrastructure.
