Interpreting German Folly Over Gazprom: Confiscation Or Nationalization? – Miguel Santos García OneWorld

Europe is not waking up to the reality that as consumers they need Russia more than Russia needs Europe as customers.

Shortly after “Putin’s geo-economic judo move turned the financial tables on the West“, it is now that same West, led by the US, that is seeking to confiscate its way around this panorama of incalculable economic, financial and legal proportions, and all because of events that both the US and its European colonies were hell-bent on setting in motion themselves.

I’ve noticed from reading various forums and social media posts that there is a lot of confusion as to whether what Germany and possibly other European countries did a few days ago with their respective countries’ Gazprom assets constitutes nationalization or whether it is theft. It seems to me that this is outright confiscation, that is, since nationalizing means effectively buying the company, that is, effecting a transaction and paying the owner when you go in and buying the company from him, and you could buy it at a forced price, or you can fix the price, but that’s what states sometimes do, but in such a method of nationalization at least the owner is compensated. This is not what happened in Germany with Gazprom, in this case the government of the European country simply went in and took control of it; they took it over. The context of the case must be studied at the legal level because the process seems to me to be completely illegal, completely wrong and a somewhat reactionary, clumsy and desperate move.

In fact, in the past, this type of actions were only more frequent in times of war, for in a state of war a country takes or seizes the assets of a foreign company that is in its territory. However, there is currently no war between Germany and Russia, so the basis on which these actions are carried out is extraordinary at the legal level. As time goes by, all these measures and sanctions are piling up in this economic war of attrition which, as we know, became devastating for the West since the US and Europe made that other extraordinary decision to freeze the reserves of the Russian Central Bank.

Another issue to understand is that this particular Gazprom subsidiary manages the subway gas storage reserves in Germany so the German economy minister, Robert Harbeck, has committed himself to fill these reserves before the winter so that he can reduce the purchase of Russian gas during the winter and pretend to the whole world that Germany is reducing its dependence on Russian gas.

Well, for him to do that Harbeck has to fill those storage reserves and for him to be sure that that gas that Gazprom is bringing into Germany is, in fact, going into these reserves he wants to control the company that manages the subway storage reserves. There is no reason to think that Gazprom has managed its reserves improperly as the German government says. Yet that was the very ruse used by the German authorities to have taken the decision to confiscate the company, which I repeat, is an active confiscation, completely illegal, and does not follow the parameters for carrying out a nationalization.

For its part, Gazprom made it clear to the entities formerly called Gazprom Germania and Gazprom Marketing & Trading that they must desist from using Gazprom’s brands and trademarks in their future operations, and the parent company has also withdrawn its staff from its former subsidiaries. The decision was apparently taken after Gazprom Germania GmbH was placed under trusteeship by Germany’s Federal Network Agency which is entirely sensible.

Russian President Vladimir Putin spoke about the Gazprom subsidiary incident at the meeting on support for the agribusiness sector saying that, “The situation in the energy sphere is deteriorating as a result of rude non-market measures, including administrative pressure on our company Gazprom in some European countries…we see the following attempt by our partners to transfer to Russia their own mistakes in the economy, the energy sphere and solve the issues and problems arising in this regard again at our expense.”

For his part Dmitry Medvedev, the former president who is now deputy head of Russia’s Security Council, goes on to say that Russia will go to court over confiscations of assets and property in the West: “Our adversaries, to put it bluntly, the enemies of Russia, who so vehemently seek to “abolish” the property rights of Russian companies, should understand that they will face a large number of lawsuits in court…both in the domestic courts of the US and Europe, and in international courts.”

It is quite clear that the Germans are very nervous about the Russian government’s decision to sell natural gas in exchange for rubles. As you know there is now an official list of countries that seek to harm Russia, so if a given nation is on that list, their only method of paying for natural gas, (among other commodities) is to pay through the use of Russian rubles.

This is non-negotiable, this is a requirement that they are going to have to comply with, so I think this is partly a childish reaction, Germany thinks that by using force and violence on property they are acting from power, when in fact these kinds of pirate actions show the impotence of germany.

In the bizarro world of the US European colonies the logic behind their actions is the delusional idea that this is going to effect a financial shock, and that the ruble would be crushed indefinitely which would unleash a financial crisis in Russia that would bring Putin very close to regime change, this western dream has been the narrative of NATO member countries for years.

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