How is Russian policy affecting the economies of Europe and the United States?

 

     

                When Russia was waging a conflict against Ukraine, Europe and the United States provided enormous support to Ukraine by banning Russian goods and recalling gazillions of businesses from Russia, hoping to devastate the Russian economy and force Putin to end the war. However, based on current projections, Europe is about to hit rock bottom and face an economic crisis. The annual inflation rate of energy has increased by 41.9%, food inflation has increased by 10.4%, and 27 countries have slowed their GDP rates due to the impact of the war. What is Putin's strategy, and how did he dominate the geopolitical war against the most developed countries?

Europe was pushed into this crisis without even fighting, thanks to Russia's clear strategy of limiting the supply of key European necessities. The war is fought over three necessities: finance, food, and fuel. Europe attempted to trap Russia by restricting finance, but they fell into their own trap when Russia made Europe taste their own medicine by restricting fuel and food trade. Since ancient times, Europe has purchased fuel and gas from Russia and Norway. From Russia to Germany and other parts of the world, there is a well-established pipe network. To counter European strategies, Putin imposed an 80% cut in fuel exports, creating a nightmare for Europe as 42% of fuel imports were from Russia.

Even if Europe wanted to buy gas from Qatar or Australia, it would be unable to meet demand because no pipeline exists, and building one would take at least ten years. Europe was compelled to buy fuel and gas from Russia at a higher price and in smaller quantities. Furthermore, Putin imposed a rule that required fuel purchases to be made in rubles, causing the Russian currency rate to rise. According to a survey, Russia has reaped roughly four times the profit last year. The United States of America, on the other hand, does not have its supply from Russia but is affected because other fuel reserves around the world have raised their prices to capitalize on the crisis. 

The cost of living rose in lockstep with the cost of fuel, and the above scenario resulted in a 41.9% increase in fuel prices. Winter is on its way, and Europe will need fuel to get through it. What strategy will European countries use to get out of the crisis? According to one study, the European Union gas storage has about 90% of the fuel stored, but if used, the fuel will be depleted in 90 days. Will they survive the winters and devise a strategy, or will they fall victim to Puttin's war strategy? Time will only tell.