posted on Sep, 4 2014 @ 03:38 AM
a reply to: GreenMtnBoys
It is a total misnomer to imply that Europe relies on Russian imports of Gad - most of Western Europe hardly imports any. It is mainly the east and to
a lesser extent Germany, but the flows can be reversed and imports can relatively easily be sourced from elsewhere.
On the flipside, Russia does import a huge amount from EU and Western nations, from heavy machinery, to food, to cars and everything in between, very
little of which it can source from elsewhere and even if they can, it isn't anywhere near the same quality. Which is why, rather than the EU or US
economy being "in the toilet" it is in fact Russia which has gone from strong growth last year to being in technical recession now, suffering
massive capital flight and facing restrictions on obtaining capital for further internal growth.