A speech of importance that marks greater involvement of Europe in the Ukraine conflict. Less reliance on Russian oil is likely going to change current energy make up of Europe and the U.S. Once other sources are supplied and the infrastructure lines built they will likely stay in place for a long time (diversity for Europe and income for new suppliers). Furthermore, as alternative energy technologies develop there could be less reliance overall on oil. Thus, this was a war where Putin may not have calculated or expected the total cost (because of limited diverse perspectives at the top.)
People are saying a lot of stuff about the last comment on "This man can't stay in power". I wouldn't think it would mean active regime change but internal change within Russia. There is internal Russian squabbling going on, an attempt of the Russian military to revert to plan B, and some levels of societal purging/ clamping down. These are signs that there is some pressure on Putin at home and the war is being seen as a bad strategic move. Powerful members of the Russian economy may not be happy with the way things are going.
(These are all internal pressures that are meeting with external pressures. No doubt it will impact Russia and their near term future; with long term risks. Whether Putin can get out unscathed is an open question but I suspect the pressure is there to encourage him to solidify his base and remove dissent which could buy time but not necessarily increased long term loyalties. However, as with all complex affairs there are lots of different outcomes and possibilities so we just have to wait and see.)
One thing I can thumb up 👍👍 in the speech is ensuring the Russian people know that they are not the target. I know a lot of Russian people and while we have different ways of seeing and viewing the world they are for the most part descent people (Meaning I'm judging on individual quality of character and not on specifically their origin or cultural framework.). Powerful people make decisions and the common/average person must live by them. We should always keep that in mind in foreign policy; democracy is a bottom up approach. The world will increasingly become smaller and there will be some countries that will emerge more trusted than others for a while host of things that range from business to treaties. It is speeches like this that much of the world watches to understand who we are as a people, the values we carry and our sense of direction/purpose.
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