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Once upon a time some countries in Europe shifted energy production policies. Coal and nuclear were to be replaced by renewables. Hydrocarbons would be phased out as soon as practically possible. The problem with such calculus is that output of renewables is nowhere near that of traditional hydrocarbons-based sources. Environmental concerns at the local level were appeased by shutting down "polluting" energy production in Europe.
Early this morning, at around 5:00am local time and on the back on Vladimir Putin's orders, Russian military forces launched a full out invasion of Ukraine. Sources report a naval blockade of the Sea of Azov, Ukranian military infrastructure under coordinated attack all around the country, tanks and trucks pouring in from Crimea, the two separatists regions of Donetsk and Lugansk, and Belarus. Kyiv is already in the grasp, as seen below.
Putin's invasion into The Ukraine has produced a stream of historically unprecedented measures: Switzerland is meant to be considering freezing Russian assets; Turkey is pondering on closing the Strait of Istanbul to Russian navy; Germany is announcing creation of a defense fund with an initial €100 billion lump sum which will be replenished yearly with 2% of Germany's GDP; many European countries are sending weapons and resources to prevent Putin from
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