Sanctions on Russia

wiredseal7 said:How much are they even pumping—maybe 1 million barrels a day? That's peanuts compared to what Russia needs, let alone the Russian heavy crude our US refineries rely on—you know, since they stepped up once Venezuela got hit with sanctions.

And besides, I hear Chinese buyers are already picking up that same volume from Iran, just like they did before the sanctions kicked in.

Russia basically announced they aren't returning those 500 leased passenger planes—from what I gathered, out of about 900 total aircraft, over 700 were leased.
That alone has to be worth, what, $50 to $100 billion?

My guess is most of that production is just being dumped into their domestic market anyway.

wiredseal7 said:How much are they even pumping—maybe 1 million barrels a day? That's peanuts compared to what Russia needs, let alone the Russian heavy crude our US refineries rely on—you know, since they stepped up once Venezuela got hit with sanctions.

And besides, I hear Chinese buyers are already picking up that same volume from Iran, just like they did before the sanctions kicked in.

Russia basically announced they aren't returning those 500 leased passenger planes—from what I gathered, out of about 900 total aircraft, over 700 were leased.
That alone has to be worth, what, $50 to $100 billion?

My guess is most of that production is just being dumped into their domestic market anyway.

bluemason3 said:Sanctions have never actually managed to seal anyone off completely. Sure, Russia can trade gas, lean on cryptocurrency, or run some minor workarounds with countries that haven't joined the fray—but none of that wipes out the impact. On a scale of one to ten, those tactics might nudge the damage down from a ten to a seven or an eight, but they won't bring it back to a one.

Both Iran and North Korea use all sorts of clever mechanisms to dodge sanctions, yet they’re still feeling the sting just as hard.

Arthur Watson4 said:A Russian analyst on a financial news program pulled a bottle from under his desk and toasted the stock market—"Dear market, you were interesting. Rest in peace, my old friend," he said. Hilarious.

https://twitter.com/rafsanchez?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetemb ed%7Ctwterm%5E1499366709102366724%7Ctwgr%5E%7Ctwco n%5Es1_&ref_url=https%3A%2F%2Fwww.index.hr%2Fmagaz in%2Fclanak%2Fruski-ekonomist-u-emisiji-uzivo-otvorio-bocu-i-nazdravio-ruska-burzo-pocivaj-u-miru%2F2344304.aspx

He even mentioned he’s going back to his previous job—playing Santa Claus.

Carl Lee27 said:And now you've got brands like Skoda and Volkswagen pulling out completely, stopping both production and exports to Russia entirely.

Andrew Miller102 says:
Who exactly are you planning to sell to?😁 Are we supposed to just dump all the excess Volkswagen or Skoda inventory originally destined for a massive Russian market of 150 million people? Besides, there's already a surplus of new cars elsewhere anyway...

brightheron64 said:I honestly can't tell anymore who is actually pulling the strings with all this intense talk about sanctions... 🤷

Take today's Daily Mail (Thursday, March 3rd 2022)

United States is set to buy $2 BILLION of gas from Putin this year despite sanctions: Expert claims tankers are now transferring fuel onto non-Russian ships to get around ban at US ports - as crude oil soars to $119 a barrel
Two ships carrying liquid natural gas from Russia is due to Land in Kent this weekend, according to Unison
US wholesale gas prices hit a record $4.50 per therm - up from $2.50 in a single day, compared to just 39 cents back in early 2021
Experts predicted that if levels stay the same, household bills will skyrocket past the $3,000-a-year mark
The price cap is set to rise to $1,970 on April 1 and could reach $2,497 a year or even more by the start of October
https://www.dailymail.co.uk/news/art...-gas-year.html

wiredseal7 said:How much are they even pumping—maybe 1 million barrels a day? That's peanuts compared to what Russia needs, let alone the Russian heavy crude our US refineries rely on—you know, since they stepped up once Venezuela got hit with sanctions.

And besides, I hear Chinese buyers are already picking up that same volume from Iran, just like they did before the sanctions kicked in.

Russia basically announced they aren't returning those 500 leased passenger planes—from what I gathered, out of about 900 total aircraft, over 700 were leased.
That alone has to be worth, what, $50 to $100 billion?

My guess is most of that production is just being dumped into their domestic market anyway.

boldtiger7 said:It’s a valid point. I came across data suggesting that Russia has become the second largest market for Volkswagen, with roughly 90,000 vehicles sold there last year. However, it seems people are willing to absorb certain losses just to ensure they inflict even greater ones on the Russian economy. And frankly, that’s perfectly fine. These companies employ massive workforces over there; how many such corporations are we talking about? If they all face sudden layoffs tomorrow, prices for everything will skyrocket. They will very quickly move to distance themselves from Putin and his "special operation" in Ukraine.

Andrew Miller102 said:Who exactly are you planning to sell to?😁 So, what’s the move here—do we just offload all that excess Volkswagen or Skoda inventory originally earmarked for the massive Russian market of 150 million people? We've got a surplus of new vehicles sitting around anyway, so we might as well find a buyer instead of letting those unsold units just rot away in a parking lot.Stockpiling unsold inventory is essentially a cancer for the automotive industry. The Russian market is massive—we aren't talking about some small territory of ten or twenty million people here. There is absolutely no way the Czechs are going to clear out excess Skoda stock, and frankly, the Germans won't be rushing to pick up any surplus Volkswagen units destined for the Russian market either, neither today nor anytime down the road.

Economic sanctions often trigger a nasty countereffect, creating collateral damage in the form of surplus goods that suddenly have nowhere to go. If you can't pivot to a new market quickly, you're looking at a massive headache—something that could be devastating for a smaller nation like Canada. Take a company like Krka, for instance; they are a major pharmaceutical player within the Eastern EU, and a staggering 40% of their exports are tied directly to the Russian market.

The recent news regarding the ongoing investigations into corporate misconduct within the airline industry highlights just how deep the rot goes when oversight fails. It’s becoming increasingly clear that the regulatory bodies we rely on to ensure safety and ethical standards aren't quite as vigilant as they ought to be, leaving massive corporations to navigate their own interests at the expense of the public. When you look at the sheer scale of the scrutiny currently facing major players like Boeing, it feels less like an isolated incident of negligence and more like a systemic failure inherent in how these giants operate under modern American regulations. We see these patterns repeating where profit margins are prioritized over structural integrity, and frankly, it's hard to stay surprised when the fallout finally hits the headlines.

Economic sanctions are essentially a boomerang solution, and just how hard they hit depends entirely on how much exposure a specific company has within the Russian market. They aren't some magic fix, but honestly, we’re stuck in a spot where there aren't any perfect options left—you basically just pick the least catastrophic path available in hopes that things don't escalate further.

Action equals reaction—whether we’re talking about the ripple effects of a major decision or just standard tactical moves—and yet most people seem to completely miss that connection, or they simply choose to ignore the problems it creates.☕

Carl Lee27 said:You know, when you really step back and look at the numbers, the Russian automotive market used to be massive—we’re talking about a scale comparable to France, just based on total vehicle sales alone. But man, after everything that's gone down recently, that whole market is basically in a freefall right now. It's wild to think about how quickly things shifted. Even a giant like the Volkswagen Group, which moves around 9 million vehicles a year, only accounts for maybe 2%, if you're being generous, perhaps 2.5% of those total sales. It just goes to show how much even the heavy hitters get shaken up when the landscape changes overnight.

silverotter72 said:

Andrew Miller102 says:
Who exactly are you planning to sell to?😁 Are we supposed to just dump all the excess Volkswagen or Skoda inventory originally destined for a massive Russian market of 150 million people? Besides, there's already a surplus of new cars elsewhere anyway...

Where, though?
Everywhere I look, and honestly, everyone I talk to, the consensus seems to be that wait times for anything remotely decent are getting absolutely ridiculous.
I suppose sanctions are a bit like chemotherapy. You end up hurting yourself just as much as you hurt them, though the damage to them is arguably more severe. It’s essentially a form of warfare. And in war, people die on both sides; it's just that the winning army loses less than what they can eventually replenish—technically, humanly, and financially—compared to the losing side. That's just how it works.

Andrew Miller102 said:Who exactly are you planning to sell to?😁 So, what’s the move here—do we just offload all that excess Volkswagen or Skoda inventory originally earmarked for the massive Russian market of 150 million people? We've got a surplus of new vehicles sitting around anyway, so we might as well find a buyer instead of letting those unsold units just rot away in a parking lot.Stockpiling unsold inventory is essentially a cancer for the automotive industry. The Russian market is massive—we aren't talking about some small territory of ten or twenty million people here. There is absolutely no way the Czechs are going to clear out excess Skoda stock, and frankly, the Germans won't be rushing to pick up any surplus Volkswagen units destined for the Russian market either, neither today nor anytime down the road.

Economic sanctions often trigger a nasty countereffect, creating collateral damage in the form of surplus goods that suddenly have nowhere to go. If you can't pivot to a new market quickly, you're looking at a massive headache—something that could be devastating for a smaller nation like Canada. Take a company like Krka, for instance; they are a major pharmaceutical player within the Eastern EU, and a staggering 40% of their exports are tied directly to the Russian market.

The recent news regarding the ongoing investigations into corporate misconduct within the airline industry highlights just how deep the rot goes when oversight fails. It’s becoming increasingly clear that the regulatory bodies we rely on to ensure safety and ethical standards aren't quite as vigilant as they ought to be, leaving massive corporations to navigate their own interests at the expense of the public. When you look at the sheer scale of the scrutiny currently facing major players like Boeing, it feels less like an isolated incident of negligence and more like a systemic failure inherent in how these giants operate under modern American regulations. We see these patterns repeating where profit margins are prioritized over structural integrity, and frankly, it's hard to stay surprised when the fallout finally hits the headlines.

Economic sanctions are essentially a boomerang solution, and just how hard they hit depends entirely on how much exposure a specific company has within the Russian market. They aren't some magic fix, but honestly, we’re stuck in a spot where there aren't any perfect options left—you basically just pick the least catastrophic path available in hopes that things don't escalate further.

Action equals reaction—whether we’re talking about the ripple effects of a major decision or just standard tactical moves—and yet most people seem to completely miss that connection, or they simply choose to ignore the problems it creates.☕

Quote: Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow -> Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow The company Said in a statement its board backs “ The immediate cessation of The armed conflict and fully supports its resolution through The negotiation process and through diplomatic means ”

Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow -> Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow The company Said in a statement its board backs “ The immediate cessation of The armed conflict and fully supports its resolution through The negotiation process and through diplomatic means ”

The company actually put out a formal statement saying that their board is throwing its weight behind "the immediate cessation of the armed conflict and fully supports its resolution through the negotiation process and through diplomatic means." It’s pretty wild to see them come out like this, honestly!

Carl Lee27 said:So, I’ve been seeing these reports that Lukoil is supposedly calling for an end to the war, and honestly, it gets me thinking. I can't help but feel like this is happening because the Russian economy is just incredibly resilient and self-sufficient; it feels like those Western economic sanctions aren't actually hitting them where it hurts as much as people thought, you know? I mean, when you consider how difficult it is to find any real substitute for Russian energy sources, it makes sense why they'd feel they have the upper hand right now. It’s all connected, and it really makes you wonder about the long-term impact of all these moves being made.

Quote: Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow -> Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow The company Said in a statement its board backs “ The immediate cessation of The armed conflict and fully supports its resolution through The negotiation process and through diplomatic means ”

Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow -> Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow The company Said in a statement its board backs “ The immediate cessation of The armed conflict and fully supports its resolution through The negotiation process and through diplomatic means ”

The company actually put out a formal statement saying that their board is throwing its weight behind "the immediate cessation of the armed conflict and fully supports its resolution through the negotiation process and through diplomatic means." It’s pretty wild to see them come out like this, honestly!

Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow -> Quote : Russian oil giant Lukoil calls for Halt to Ukraine War Russian oil giant Lukoil on Thursday called for an immediate Halt to fighting in Ukraine , One of The First major domestic firms to Speak out against Moscow The company Said in a statement its board backs “ The immediate cessation of The armed conflict and fully supports its resolution through The negotiation process and through diplomatic means ” -> The company Said in a statement its board backs “ The immediate cessation of The armed conflict and fully supports its resolution through The negotiation process and through diplomatic means ” So, I was just sitting here scrolling through the news when I stumbled upon this absolutely massive headline about Lukoil—you know, that huge Russian oil giant—and man, it really caught me off guard because they’re actually calling for an immediate end to the fighting in Ukraine! It’s honestly wild to see one of the biggest domestic players in Russia finally stepping up and speaking out against Moscow like this, especially since most of the big industry leaders have been staying pretty quiet or just following the lead from the top, but Lukoil is making waves now. They put out this official statement saying their board is fully behind an immediate stop to the armed conflict, and they're pushing hard for everything to be settled through actual negotiations and diplomatic channels instead of more violence, which feels like such a necessary pivot if we're ever going to see any kind of stability again. It makes you wonder how many other massive corporations are feeling the same way internally but are just too terrified of the political fallout to go on the record like this, because if even a titan like Lukoil is willing to risk the tension by backing diplomacy, then the pressure for a peaceful resolution must be building up behind the scenes much more than the mainstream media usually lets on!

Gerald Chavez7 said:I don’t know you personally—and hey, I’ll give you credit for the honest apology regarding the jumping in—but my god, the level of cluelessness regarding the global situation here is something else.

New cars. It’s at an all-time low.Look, the global supply chain disruptions—which really kicked off with those first lockdowns in China—have been nothing short of epic. We’re talking massive chip shortages, missing parts, and car manufacturers struggling to hit even basic production numbers. That’s exactly why the used car market has absolutely exploded in price. You’ve got people waiting six months or more just to get a popular new model delivered, so talking about unsold inventory feels a bit out of touch with reality.