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A Cold Winter Is Coming for Europe

A Cold Winter Is Coming for Europe

FromVery Serious with Josh Barro


A Cold Winter Is Coming for Europe

FromVery Serious with Josh Barro

ratings:
Length:
31 minutes
Released:
Jul 13, 2022
Format:
Podcast episode

Description

Nearly five months into Russia's invasion of Ukraine, Western governments have a problem: despite international sanctions and rebukes for Russia's actions, the world's reliance (especially Europe's) on Russian energy is sustaining Russia's invasion of Ukraine.The world is already feeling the effects of the invasion on energy prices, and now Europe has announced it will impose an embargo on Russian oil by the end of the year — a move that would significantly impede Russia’s ability to benefit from high oil prices, but would also further constrict Europe’s energy supplies going into what could be a cold winter. If actually implemented as described, the embargo is also likely to drive the global price of oil far higher, triggering recessions around the world. Because of those… problems… world leaders from the G7 have been discussing possible solutions.I talk with Margarita Balmaceda, a professor of diplomacy and international relations at Seton Hall University and an expert on the energy trade in Eastern Europe, about those ideas, whether they might work, how Europe allowed itself to get so dependent on Russia despite manifest signs of Russia’s unreliability as an energy partner.Visit www.joshbarro.com for a transcript of this episode. Get full access to Very Serious at www.joshbarro.com/subscribe
Released:
Jul 13, 2022
Format:
Podcast episode

Titles in the series (37)

Very Serious is a weekly conversation with top political commentators, columnists and policymakers, focused on how events in the news relate to major, long-standing controversies in politics, economics and culture. Host Josh Barro is joined by a rotating set of regular guests to work out the ideas behind the arguments on topics serious and not-so-serious. It’s a great conversation across ideological lines that will leave you entertained, enlightened, and maybe even persuaded. www.joshbarro.com