Putin tells Europe: You cannot ditch Russian gas but we’re turning east

And he says it like it’s a thing of two days. You don’t turn East so easily. The oil situation is the harder one as if oil wells that serve Europe get shut-in, they might never come online again as they go through the permafrost layer and the shut-in is going to damage the well. Russia does not have the capital and the expertise to revive those wells once the flow has stopped. And gas needs a lot of new pipelines that take years to build and cost a huge lot of money. China might not be interested when it sees the price tag and the timeline.


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