Keskiviikko 23.2.2022 klo 19:45 - Mikko Nikinmaa
Russia has remained as a nation exporting fossil fuels and raw materials, which other nations turn into more advanced products. Now that Russia is attacking Ukraine, virtually all nations are placing economic sanctions on Russia. As the major one is the decision of Germany to stop the approval process of Nord Stream 2. The dependence of Europe, especially Germany, on the largely Russian natural gas has hampered combatting climate change seriously. However, there would be an alternative to Russian natural gas already available, and Putin’s actions may be enough to change even the minds of Germany’s greens. One could just start the nuclear power plants already in place until there is enough windmills and solar power available. Doing this would have two major beneficial effects: first, it would immediately reduce the carbon dioxide emissions so much that the EU goals would easily be achieved. Second, it would really hurt Russia, as their major export income would disappear. That could stop Putin, or cause him to be replaced; I think the reason for his aggressive behaviour towards Ukraine is because he is afraid that even Russian people start seeing that a democratic country has developed from the earlier Soviet Union mainland (I am not counting the Baltic nations here, because they were democracies before being forced to become part of the Soviet Union).
The skeptical reader here says that it would not make a difference to Russia, if gas export to Europe would decrease, as it can be replaced by sales to another autocratic country, China. However, I don’t believe that China would want to severe its ties to Europe and USA for the simple reason that they are much more important to Chinese economy than Russia. Chinese exports to EU and USA are about 15 times greater than to Russia. This has actually already become obvious in the UN Security Council discussions, where China indicated that it was of the opinion that the souvereignty of a nation (Ukraine) should be respected.Thus, in my opinion, Putin is shooting himself in the stomach by his aggression against Ukraine. So far, he has developed unprecedent unity of EU and NATO, and he will further speed up the transformation of Europe to fossil fuel-free area faster than has been planned, depriving Russia from export income. And Russia is not known to produce anything which could be called high tech.