how was the new cold war different from the earlier cold war?
Answers
According to the newyork times -:
RUSSIA had some real economic problems even before the Ukrainian crisis led the United States and European countries to threaten sanctions on the country after the Russian flag was raised in Crimea, a part of Ukraine, and troops who spoke Russian appeared to take over a significant part of the region.
Russia’s growth had slowed to almost nothing: Its real gross national product in the third quarter of 2013 was just 0.6 percent larger than it had been a year earlier. The ruble was weak.
Its manufacturers appeared to be doing much worse than competitors in other countries. Its stock market has trailed markets in most other countries over the last year.
On the one hand, Russia is a major supplier of energy to Western Europe. If it cut off its natural gas exports, several countries — notably the Netherlands — would have a hard time coping. On the other hand, energy accounts for most of Russia’s exports. Its supply of foreign currency reserves could be depleted rapidly if cash from Western Europe stopped arriving.
Germany is a substantial customer for Russian gas, but it also is a major exporter to Russia. It would be damaged more than most countries if a trade freeze developed. Last year, Germany supplied 12 percent of Russia’s imports, more than double the share provided by the United States. Western Europe has more to fear than the United States does from a prolonged Cold War.On the one hand, Russia is a major supplier of energy to Western Europe. If it cut off its natural gas exports, several countries — notably the Netherlands — would have a hard time coping. On the other hand, energy accounts for most of Russia’s exports. Its supply of foreign currency reserves could be depleted rapidly if cash from Western Europe stopped arriving.
Germany is a substantial customer for Russian gas, but it also is a major exporter to Russia. It would be damaged more than most countries if a trade freeze developed. Last year, Germany supplied 12 percent of Russia’s imports, more than double the share provided by the United States. Western Europe has more to fear than the United States does from a prolonged Cold War.On the one hand, Russia is a major supplier of energy to Western Europe. If it cut off its natural gas exports, several countries — notably the Netherlands — would have a hard time coping. On the other hand, energy accounts for most of Russia’s exports. Its supply of foreign currency reserves could be depleted rapidly if cash from Western Europe stopped arriving.