Economist: All indications point to the world’s growing dependence on the Russian economy

An American media report stated that Russia is capable of causing a major electricity crisis in the United States with one decision.
According to the report published by “The Hill” by Matt Bowen and Paul Dabar, of the Center for Global Energy Policy at Columbia University, the United States could face dire consequences if Russia stopped supplying US energy companies with enriched uranium to power reactors.
“The Russian-American economic cooperation is one of the most important topics, as many reports have talked about the increasing dependence of the American economy on Russian imports, for example, the continuation of sanctions imposed on Russian oil will lead to the depletion of the American reserve, and the actions of the Russian Central Bank, which led to the recovery of the ruble, which may lead to the collapse of the US dollar in global markets, as European countries pay in rubles in order to obtain Russian energy, and this Russian measure will encourage other oil countries to do so, so we find that the United States is the biggest loser in this crisis, as energy will remain its importance During the next three decades, the Gulf countries cannot replace Russian energy.”

“I think that the way the United States deals with Russia is more political than economic. The administration of President Joe Biden is incompetent in managing such a crisis, and perhaps this administration is not familiar with the components of the Russian economy or the extent of the United States’ dependence on it. Biden made a mistake in pushing Ukraine to confront Russia, and the issue of European countries being dragged behind the United States has also plunged it into this crisis, as this crisis will overthrow the governments of many European countries. .