Geopolitics: Energy price surge in Europe

Bargaining chip: Russia intermittently switches off the Nord Stream pipeline citing repairs PIC: UPSTREAM ONLINE
Bargaining chip: Russia intermittently switches off the Nord Stream pipeline citing repairs PIC: UPSTREAM ONLINE

The outbreak of the Russia-Ukraine war has left a lot of political unrest among the developed economies and the imposition of sanctions was a one-way ticket towards economic crashes.

This week started with an announcement by Russia that it will cut off gas supplies to Europe indefinitely and the unfortunate, sad truth is that Africa will feel the ultimate pinch of this.

Let’s give this context: the economic sanctions imposed by European nations are deemed punitive by Russia which has now closed the taps on the Nord Stream 1 which is the main gas pipeline to Europe. Unfortunately, this is occurring at the beginning of winter and thereby puts Europe in a position of duress to either give in or fight further while finding remedies for their people. This is the biggest energy crisis that Europe has faced for decades when already this supply was volatile even before the war began.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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