ER Editor: This is a weird declaration. Globalist to the nth degree Guy Verhofstadt is admitting to total failure. Is this in the category of Merkel (and Francois Hollande recently) admitting that the Minsk Agreements back in 2014 were designed to cheat Russia and help Ukraine, i.e. shooting yourself in the foot as part of some strategy? Or is it just a guy being honest for once? The 9th round of sanctions has just gone into effect, so why not stop them? Or is this related to bankrupting EU citizens, as the article below suggests.
Notice how MOST of the EU countries have continued doing trade with Russia despite the sanctions, Ukraine rhetoric. BECAUSE THEY NEED TO.
We do recommend glancing at Verhofstadt’s Twitter account for sheer entertainment value.
Effect of EU sanctions on Moscow is ‘less than zero’ – MEP
Despite the bloc’s attempts to punish Russia, imports from the country have soared, Guy Verhofstadt says
The EU’s sanctions on Russia over the Ukraine conflict have been a complete failure, Belgian MEP Guy Verhofstadt said on Monday. He added that the EU was only “rewarding” Russia by increasing imports from the country.
Writing on Twitter, Verhofstadt, who served as Belgian prime minister from 1999 to 2008 and has been an MEP since 2009, claimed that the effect of the EU’s nine sanctions packages on Moscow “is less than 0.”
The former PM said that the bloc’s attempts to punish Russia have achieved the opposite result. “We are rewarding Russia for its war against us!”
Verhofstadt also posted a chart titled ‘Still Filling Putin’s Coffers’, showing Russia-EU trade from February to August 2022. The graphic, which cites Eurostat data, shows that most EU member states, including Germany, France, Italy, and Poland, significantly increased imports from Russia. In total, only seven EU members have bought less from the country.
ER: Here’s the tweet —
1 picture says it all…
9 packages of sanctions and the effect is less than 0 !
We are rewarding Russia for its war against us ! pic.twitter.com/k80XbYIkjA
— Guy Verhofstadt (@guyverhofstadt) January 2, 2023
Following the start of Russia’s military operation in Ukraine, the EU imposed unprecedented sanctions on Moscow, targeting entire sectors of the economy. In December, the bloc, along with the G7 countries and Australia, introduced a price cap on Russian seaborne oil, set at $60 per barrel. In response, last week, President Vladimir Putin signed a decree banning the supply of oil and petroleum products from Russia to countries which apply these restrictions.
The sanctions on Russia have exacerbated the bloc’s energy crisis, causing fuel prices and the cost of living to soar. (ER: So was this the whole point?) This has prompted protests against the sanctions policy in several EU countries. In December, a demonstration organized by the right-wing Patriots party took place in Paris against the government’s stance on Russia and France’s membership in NATO.
In his New Year’s address, Putin claimed that the West’s “full-blown sanctions war” against Moscow has largely failed to undermine the Russian economy.
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