French economist predicted riots in Europe due to sanctions against Russia

Gascade gas compressor station in Eisleben. File photoMOSCOW, April 19An embargo on Russian gas could lead to a decline in living standards in Europe, which would provoke «riots everywhere,» French political scientist and economist Alexandre del Valle wrote in an article for Valeurs actuelles magazine. In his opinion, the EU's intention to ban fuel supplies from Russia could ruin Europe. “Western sanctions related to the military operation in Ukraine will quickly turn into a nightmare for people. After they cannot heat their homes and their purchasing power drops sharply, riots will begin everywhere,” del Valle suggested. The economist believes that European countries they will make a mistake if they deprive themselves of the safest and cheapest gas, as well as Russian exports and imports.»The living will envy the dead»: in the Czech Republic they were afraid of the embargo on Russian gas oils and fertilizers,” the author of the publication believes. In addition, Del Valle predicts that a complete rejection of Russian energy sources will lead to the collapse of the euro and an explosion in prices. Russia launched a military operation in Ukraine on February 24. In response, Western countries imposed large-scale sanctions against Moscow, which primarily affected the banking sector and the supply of high-tech products. Some brands have announced that they will stop working in the country.Vienna, Berlin and Budapest opposed the embargo on Russian gas The Kremlin called these measures an economic war, the likes of which have not yet been, but stressed that they were ready for such a development of events. The Bank of Russia took measures to stabilize the situation on the foreign exchange market; payments for gas supplies to unfriendly countries were transferred to rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. Its financing will amount to about a trillion rubles. For Europe, the sanctions pressure on Moscow has already turned into economic problems, causing an increase in fuel and food prices. wp-content/uploads/2022/04/aedec891035d7ca5365779bfe64eadca.jpg» />Lithuanian Prime Minister: The Baltics «will not be very comfortable» without Russian gas