Those papers you mentioned will be duly served when Vlad sees what his future costs of borrowing for more Russian bond offerings becomes from his defaults.
Let’s see, cut him off from converting gold or rubles to Euros or USD to force default. Investors are the losers and as far as borrowing costs later after he turns off the gas spigot completely the EU will be in massive sh*t as it’s already been reported that with full gas storage they have 3 mos (which it isn’t full) 60% of industry will have to shut down or no heat. Gotta love it. They is now burning tons and tons of dirty coal.
And at the end of the day when Europe and the rest do like Poland did having the option of Russia’s gas or not who loses or do folks see a sudden change of heart by Vlad ?
All of the European gas pipelines infrastructure will remain in place. They will have the ability to back feed and split costs of gas from LNG throughout the system.
With coal fired generation Europe will be at their goal of 80% not needing Russia’s gas by year’s end (projected).
LNG is cranking up rapidly worldwide for supplying Europe and other Russian customers.
Wont happen overnight but Vlad did Europe and other Russian gas users a monumental favor by being the KGB Dictator that he is.
