Backfiring Russia Sanctions May Fuel Growing US-EU Rift Amid ‘Fracturing of Support’ for Kiev
The US and EU flags, left and right, fly side by side at the European Council building in Brussels
As costs of food, fuel, heating and rent surge, adding to the cost of living crisis gripping Europe due to the fallout from Western sanctions on Russia over its military operation in Ukraine, in September and October thousands of people hit the streets of some European capitals to demand an end to the backfiring sanctions policy.Economic woes increasingly plaguing European Union nations may force some leaders on the continent to pull back their support for continued sanctions pressure on Russia over its ongoing special military operation in Ukraine, US officials reportedly fear.The Biden administration is being warned that growing resentment over the bitter cost of living crisis – increasingly attributed to the Washington-driven sanctions policy on Moscow – may prompt some EU leaders to ‘jump ship’, according to internal memos and reports cited by US media. Europe-based American officials are cited as warning of a potential EU-US rift over continued support for Ukraine as the continent’s leaders witness their population’s swelling anger over rising costs and plummeting living standards.
WorldQuarter of Europeans on the Brink of Ruin, New Survey Finds7 November, 12:45 GMTFears of ‘fracturing of support’ for Kiev have triggered top US officials to engage in frenetic calls over how to keep the European allies aligned with Washington’s strategy, sources were cited as saying. US officials described the situation with the EU capitals as increasingly volatile, while conceding that if European allies were to start rethinking their role in propping up the Kiev regime, Russia would be granted additional “leverage”.Cited memos pointed to the growing wave of protests in some European cities, such as those across Germany in September and the Czech Republic in October, over skyrocketing inflation and energy costs.
WorldThousands Rally in Berlin to Protest Gov’t Policies, Call for Lifting Russian Sanctions8 October, 20:41 GMTAs winter draws nearer, mind-boggling heating bills, along with other household costs, will place further pressure on the European governments to address their own domestic needs. Accordingly, the latter may outweigh the calls to continue pumping money and weapons into the Kiev regime, US officials believe.Experts were cited as cautioning Washington that while “things are holding steady for now,” it is “a shaky situation.”It was added that the United States, as a major crude producer, was much better positioned to wield its sanctions campaign, unlike energy-reliant Europe. Accordingly, the US administration should have realized sooner that the energy crisis gripping the European continent would, at some point, start chipping away at the allies’ unity, forcing EU capitals to shift their attention from supporting Ukraine’s military “to dealing with the energy crisis.”
Energy Crisis in EuropeWhy is There an Energy Crisis in Europe and is Russia to Blame?Yesterday, 14:07 GMTUS national security officials and diplomats are described as intensifying communication with EU counterparts to bolster wavering support for sanctions. At a spate of recent meetings with European officials in Brussels, London and Berlin, the Washington officials continued to drive home their rhetoric regarding the need to “cripple” Russia’s economy. However, European governments that have readily taken big hits through sanctions to support Ukraine, witnessing their own revenues and cost of living plummet, increasingly have to content with the fact that their population’s needs must come first. Originally, global energy prices first began to move steeply upwards in the fall and winter of 2021, due to growing energy demand, growing rivalry between Europe and Asia over the dwindling supplies, countries’ failure to stock up on natural gas in the summer months, and poorer-than-expected returns on investment in alternative energy sources (wind as solar power). With the start of Russia’s special military operation in Ukraine, Western countries’ sanctions pressure on Russia brought with it disruption in supply chains, higher fuel and food prices across the EU, and record levels of inflation. Russian President Vladimir Putin has repeatedly said that the policy of sanctions has dealt a serious blow to the entire global economy.Now, peak inflation “is almost within reach” in the euro zone, after hitting a historic high of 10.7 percent in October, a European Central Bank Governing Council member was cited as warning. Already, energy costs for households across Europe have nearly doubled compared to October 2021, according to data from the Household Energy Price Index.More than a quarter of Europeans admit they are in a “precarious” financial state, while half fear they soon will be, according to a recent Ipsos poll. The six-nation survey revealed that 27 percent of those polled were in financial ‘dire straits’, where “one unexpected expenditure could change everything.” With many uncertainties ahead, one thing is certain – Europe has a tough winter ahead.
WorldWorld Economy Would Surge if Ukraine Conflict Ended, Russia Sanctions Lifted: Ex-LawmakerYesterday, 05:18 GMT
