Russian gas is ending again in Europe

The West, including the US and the EU, were more than enthusiastic about imposing sanctions on Russian gas and oil after the start of the war in Ukraine. Their goal?

Hurting and maiming the Russian economy as much as possible, especially since energy is Russia's largest export and one of the main pillars keeping its economy standing and able to finance war in Ukraine. Basically, this logic had to work.

How to attack the Russian economy but also weaken its efforts in Ukraine, but what is really going on?

The EU has sanctioned Russian gas and oil, but they are again ending up on the European market and are still being bought by European citizens.

How is that possible?

First, because Saudis are much smarter than they were given credit for perhaps even more dangerous.

They're buying Russian oil at extremely low prices even though they don't need a single point and are reselling it at a much higher price on the global market.

Same story with China.

They have bought more oil than they need, and at this point they are starting to sell Russian oil to Europe, which makes sanctions seem much less effective. Many would also say unnecessary things.

In turn, Europe is gradually falling into a deep energy crisis, which will only deteriorate in the coming months.

And here comes China to save the day!

Although only temporarily, China is exporting gas to Europe, making it self-painting the old continent.

But how true is this?

Is Xi Jin-Ping really acting out of the goodness of his heart?

Hardly.

China's economic slowdown was the only reason she found herself with a liquid gas surplus.

China has effectively become the mediator between Russia and Europe. But out of her despair of buying as much gas as possible to survive winter, Europe is buying Russian gas from China at huge prices when it could have bought it directly from Russia for a normal price. Thus, Russia continues to win by exporting its gas to China, which in turn sells it to Europe at excessive prices.

China is reaping enormous profits, while European countries are turning a blind eye to the clear origin of Chinese gas.

But how long can all of this last?

China is not the most reliable business partner.

The only reason China is exporting gas to Europe is because Beijing currently has a surplus available, but this will not last forever.

Once economic activity in China goes to previous levels, Beijing will likely close any unnecessary exports to Europe.

Europe finds it extremely difficult to find an alternative to Russian gas and to make things worse, the bloc is facing an energy crisis that will last for several years. What Europe will do when China this time