TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

 ‘Russia is the clear Winner,’ WSJ terms NATO’s sanction war useless

Vedica Singh by Vedica Singh
August 9, 2023
in Europe
 ‘Russia is the clear Winner,’ WSJ terms NATO’s sanction war useless
Share on FacebookShare on X

In a grand display of irony, the Wall Street Journal (WSJ) has taken a peek through the magnifying glass at NATO’s ongoing sanction war against Russia, only to declare Russia the unequivocal victor in this high-stakes game of economic chess. If only NATO’s strategy had been as effective as its grandiose rhetoric.

The Curse of Self-Inflicted Wounds

The Financial Times recently reported that the European theater of this economic showdown has become something of a tragicomedy, with European companies losing a staggering €100 billion since the conflict in Ukraine ignited. It seems that while the world was eagerly anticipating Russia’s economic downfall, the actual victims turned out to be Europe’s own corporations and economies.

Also Read

Germany Deploys Fighter Jets to Poland for the first time amid Russia-Belarus Joint Military Exercises. NATO affirmed unity against the Kremlin? 

Russia Exits Nuclear Treaty: End the Moratorium on Medium-Range Missiles as a Result of NATO Countries’ Anti-Russian Policy

Russia Claims Ukraine’s Tank Brigades GONE, Mocks ‘Vanishing NATO Armour’: What is the Battlefield Reality?

Sources: Recharge

Energy companies like BP, Shell, and TotalEnergies were dealt the harshest blow, losing a collective €40.6 billion in the name of sanctions. 

Read More: This is just the beginning; Europe’s gas woes will exacerbate in 2023

Dances with Diplomacy: Sanctions vs. Sense

In a tragic dance of diplomacy, it appears that the EU’s industries have been the ones left with two left feet. Rising energy costs have taken their toll since the inception of sanctions, and it seems Europe’s industries are the unwilling partners in this ill-choreographed tango. The International Energy Agency (IEA) points fingers at declining industrial production in the European bloc as the culprit behind the crisis.

Europe’s power woes don’t stop at economic troubles. The EU’s electricity consumption has hit its lowest point in two decades, a concerning plunge of 3%. The culprits? EU industrial production woes and an unexpected drop in Germany’s output, a country heavily reliant on Russian energy.

Sanctions’ Symphony: A Discordant Tune

As the crescendo of Europe’s economic suffering reaches new heights, it begs the question: why persist with self-sabotaging sanctions? Even the WSJ has conceded that targeting Russia’s economy has been about as effective as a screen door on a submarine. With the IMF projecting Russia’s growth at 1.5% by 2023 and experts attesting to the futility of isolating a nation of such scale, one can’t help but wonder if the West should’ve taken a moment to consult an economics textbook before wielding sanctions like a blunt instrument.

Putin extols Russian economic performance, defends military spending

Read More: Did Russia turn into a $15 trillion economy overnight?

Russia’s Unshaken Resolve

And yet, against all odds and economic predictions, Russia stands unscathed. A year and a half after NATO’s mighty sanctions push, the Russian economy remains resilient, if not outright thriving. Meanwhile, Europe finds itself mired in the irony that it’s largely contributing to its own economic downfall. The self-inflicted wounds have left many pondering whether Europe’s grand experiment in sanctions is more akin to a slapstick comedy routine than a strategic economic maneuver. The punchline? Russia may well be the one laughing all the way to the bank.

Watch More: 

Tags: BPEurope energy CrisesEuropean Economy DownfallEuropean energy marketNATORussia EconomyShellTotal EnergiesUS sanctions
ShareTweetSend
Vedica Singh

Vedica Singh

Columnist, TFI Media. Seeker. Opinionated. Life long student.

Also Read

Germany Deploys Fighter Jets to Poland for the first time amid Russia-Belarus Joint Military Exercises

Germany Deploys Fighter Jets to Poland for the first time amid Russia-Belarus Joint Military Exercises. NATO affirmed unity against the Kremlin? 

August 5, 2025
Former Chief of EU Commission Says Europe 'Paralyzed' on Ukraine as 'Hungary' Blocks €6.6 Billion EU Military Aid Fund

Europe ‘Paralyzed’ on Ukraine as ‘Hungary’ Blocks €6.6 Billion EU Military Aid Fund, Claims Former Chief of EU Commission

August 5, 2025
Austria Rethinks Neutrality: Could NATO Be Its Next Move due to Russia? (Photo credit: kyivpost)

Austria says it’s ready to discuss joining NATO and abandoning neutrality due to Russia

July 28, 2025
Hungarian PM Viktor Orbán Says Ukraine Should Remain a ‘Buffer State’ and Work with the EU Instead of Joining It.

Hungarian PM Viktor Orbán Says Ukraine Should Remain a ‘Buffer State’ and Work with the EU Instead of Joining It

July 28, 2025
Trump Says ‘Stop the Horrible Invasion’: Should Europe be Listening To this Anti-Immigration Warning?

Trump Says ‘Stop the Horrible Invasion’: Should Europe be Listening To this Anti-Immigration Warning?

July 26, 2025
Is Trump Prepared to Face EU’s €93 Billion Counter-Tariffs or Will the Tariff Trade War Worsen?

Is Trump Prepared to Face EU’s €93 Billion Counter-Tariffs or Will the Tariff Trade War Worsen?

July 25, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.