Putin has signed an important executive order to return Sakhalin-2 project to Russian jurisdiction. This is an important move to demonstrate sovereignty and also punish Japan. The dependence of Japan on external energy sources is likely the highest among the G7 countries and the loss of cheaper natural gas from Sakhalin-2 will result in severe problems. The alternative is simply to lift the sanctions against Russia. With 40C temperature, the lack of energy may have catastrophic consequences for people and industry. Interesting prisoner's dilemma. I guess Japan is not a priority for the Japanese government. It is also important that Japan is the most hated country in the region with the Koreans, Chinese, etc. praising any trouble for Japan.
Subscribe to:
Post Comments (Atom)
Spain chases France and Italy in the economic fall race
The news about blackout in Spain is in full harmony with the overall decline of Spanish economy. The growth rate of real GDP per capita has ...
-
These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot... -
Almost every day, I have a request to publish this paper " Race and gender income inequality in the USA: black women vs. white men...
-
This paper "Gender income disparity in the USA: analysis and dynamic modelling" is also of interest Abstract We analyze and deve...
No comments:
Post a Comment