Sanctions on Russia

brightheron64 said:Everything would look much brighter if other suppliers were actually showing some solidarity or empathy toward Germany, perhaps even offering energy at Russian prices—or maybe even lower, given the current situation and the noble intentions behind the embargoes...

Inflation in Germany is hitting twice what was originally anticipated
The German economy is expected to grow this year at only half the speed predicted by those who clearly didn't see the writing on the wall back in December; they're looking at just 1.9 percent, whereas the Federal Reserve's projections in December suggested an activity increase of 4.2 percent...

"Our baseline scenario assumes that the war and its fallout won't escalate any further," the Federal Reserve warned...

They also cautioned that if the conflict intensifies and Germany loses access to Russian energy—whether through European embargoes or a sudden Russian shutdown of exports—inflation could skyrocket while the economy takes a massive hit...
In that specific scenario, economic activity could shrink by three percent in 2023, with inflation climbing to around six percent, according to the Federal Reserve's calculations...

Meanwhile, Bloomberg is telling a slightly different story:
The Federal Reserve's outlook, published Friday, shows German inflation averaging 7.1% this year, 4.5% in 2023 and 2.6% in 2024 -- up from 3.6% in 2022 and 2.2% in the other two years earlier.

And as for our fate? Well, wherever Germany goes, we'll likely follow right behind them...

Now we finally see how the paper-thin anti-globalists react when globalization actually starts retreating. They got used to cheap prices and that cozy, bourgeois lifestyle globalization handed them on a silver platter—now they're just whining about the price of groceries or complaining that they're eating home cooking instead of sushi.

Shipping companies based out of Malta, Greece, and Cyprus have nearly doubled their transport of Russian oil by sea since the war in Ukraine kicked off—that's what the British publication The Independent is reporting and documenting. The paper frames this against the backdrop of the West’s attempts to use sanctions to force Russia to back down, and it goes so far as to suggest—rather mischievously, if you ask me—that Europe (specifically the Union) is essentially making a mockery of the very sanctions the United Kingdom is championing. It seems like a vacuum was created when giants like ExxonMobil or Chevron stepped back, allowing firms owned by some of the wealthiest maritime oligarchs in Greece to jump right in.

"Back in February, when Putin's troops invaded Ukraine, vessels linked to those three nations moved 31 million barrels of Russian oil. By May, that number had surged to 58 million barrels. In total, ships tied to Greece, Malta, and Cyprus have transported 178 million barrels since February, worth roughly $17.3 billion at current Russian oil prices," writes the British outlet. "At the start of the conflict, ships from these countries were handling just over a third of the oil exports from Russian ports. By May, that share had climbed to more than half."

We should just kick Greece, Malta, and Cyprus out of the Union altogether. ☕

Clay Lowery, a Vice President at the Institute for International Finance, is suggesting that the Russian government is bracing for a massive influx of cash this year—we're talking an unprecedented $250 billion. According to Lowery, "This huge surge in hard currency means there's plenty of liquidity on hand, which keeps interest rates low and helps stabilize Russian finances even when their broader economy starts to take a hit."

They actually dropped the interest rate down to 9.50% today, which is wild considering it used to sit at a staggering 20%.

USD/RUB 58.95 🤣

Honestly, it’s just the same old story with Russia—they can't seem to come up with anything original, so they just resort to their favorite move: copy and paste everything they find elsewhere.
https://www.avweb.com/aviation-news/...-airbus-parts/

The Russian government is on track to see an unprecedented $250 billion cash influx this year

It’s a joke. These sanctions look like they were scribbled down by Jerry and Tom.
I mean, is there actually a single competent economist or lawyer working in those European Union commissions? Or is it just a bunch of career bureaucrats—the kind of people you see in Washington like Andrej Plenković or Ursula von der Leyen—who wouldn't know real life if it hit them in the face?

Honestly, even a street hustler from Brooklyn could outsmart these sanctions, let alone a major power.

Nathan Evans78 said:

Shipping companies based out of Malta, Greece, and Cyprus have nearly doubled their transport of Russian oil by sea since the war in Ukraine kicked off—that's what the British publication The Independent is reporting and documenting. The paper frames this against the backdrop of the West’s attempts to use sanctions to force Russia to back down, and it goes so far as to suggest—rather mischievously, if you ask me—that Europe (specifically the Union) is essentially making a mockery of the very sanctions the United Kingdom is championing. It seems like a vacuum was created when giants like ExxonMobil or Chevron stepped back, allowing firms owned by some of the wealthiest maritime oligarchs in Greece to jump right in.

"Back in February, when Putin's troops invaded Ukraine, vessels linked to those three nations moved 31 million barrels of Russian oil. By May, that number had surged to 58 million barrels. In total, ships tied to Greece, Malta, and Cyprus have transported 178 million barrels since February, worth roughly $17.3 billion at current Russian oil prices," writes the British outlet. "At the start of the conflict, ships from these countries were handling just over a third of the oil exports from Russian ports. By May, that share had climbed to more than half."

We should just kick Greece, Malta, and Cyprus out of the Union altogether. ☕

Since the main hub for most of Monrovia

is set to screw over those former slaves all over again.

urbanotter said:Since the main hub for most of Monrovia

is set to screw over those former slaves all over again.

I suppose I don't see how the specific home port really matters here.

Nathan Evans78 said:

Shipping companies based out of Malta, Greece, and Cyprus have nearly doubled their transport of Russian oil by sea since the war in Ukraine kicked off—that's what the British publication The Independent is reporting and documenting. The paper frames this against the backdrop of the West’s attempts to use sanctions to force Russia to back down, and it goes so far as to suggest—rather mischievously, if you ask me—that Europe (specifically the Union) is essentially making a mockery of the very sanctions the United Kingdom is championing. It seems like a vacuum was created when giants like ExxonMobil or Chevron stepped back, allowing firms owned by some of the wealthiest maritime oligarchs in Greece to jump right in.

"Back in February, when Putin's troops invaded Ukraine, vessels linked to those three nations moved 31 million barrels of Russian oil. By May, that number had surged to 58 million barrels. In total, ships tied to Greece, Malta, and Cyprus have transported 178 million barrels since February, worth roughly $17.3 billion at current Russian oil prices," writes the British outlet. "At the start of the conflict, ships from these countries were handling just over a third of the oil exports from Russian ports. By May, that share had climbed to more than half."

We should just kick Greece, Malta, and Cyprus out of the Union altogether. ☕

Not a chance. We should just egg Turkey on to push against Greece over those maritime disputes and then sit back quietly while the Turkish military tears things up and ruins the entire tourist season.
After a month of everything going to hell, then maybe we can call the Greeks and ask if they still plan on ignoring the sanctions against Russia.

Terry Green3 said:The Russian government is on track to see an unprecedented $250 billion cash influx this year

It’s a joke. These sanctions look like they were scribbled down by Jerry and Tom.
I mean, is there actually a single competent economist or lawyer working in those European Union commissions? Or is it just a bunch of career bureaucrats—the kind of people you see in Washington like Andrej Plenković or Ursula von der Leyen—who wouldn't know real life if it hit them in the face?

Honestly, even a street hustler from Brooklyn could outsmart these sanctions, let alone a major power.

The whole time, Wall Street has been busy trading Russian bonds.
War is always just another way to squeeze out some extra profit, isn't it?

Don't go thinking for a second that Western leaders give a damn about some random Russian farmer or laborer; they're looking after their donors and lobbyists.

William Cooper11 said:Not a chance. We should just egg Turkey on to push against Greece over those maritime disputes and then sit back quietly while the Turkish military tears things up and ruins the entire tourist season.
After a month of everything going to hell, then maybe we can call the Greeks and ask if they still plan on ignoring the sanctions against Russia.

But wait, wasn't everyone screaming about kicking Turkey out of NATO just yesterday because they were blocking Sweden and Finland?

It’s getting pretty hard to keep track of who the good guys and bad guys actually are at this point.
What, you want me to suggest Turkey goes and attacks themselves in Cyprus or something?

William Cooper11 said:Not a chance. We should just egg Turkey on to push against Greece over those maritime disputes and then sit back quietly while the Turkish military tears things up and ruins the entire tourist season.
After a month of everything going to hell, then maybe we can call the Greeks and ask if they still plan on ignoring the sanctions against Russia.

You’ll have to ask Putin to lean on the Turks. They actually listen to him.

Nicholas Watson said:But wait, wasn't everyone screaming about kicking Turkey out of NATO just yesterday because they were blocking Sweden and Finland?

It’s getting pretty hard to keep track of who the good guys and bad guys actually are at this point.
What, you want me to suggest Turkey goes and attacks themselves in Cyprus or something?

Turkey keeps blocking things until the US tells them enough is enough.

William Cooper11 said:Turkey keeps blocking things until the US tells them enough is enough.

And what happens next, we just order them to go pick a fight with Greece?

Nicholas Watson said:The whole time, Wall Street has been busy trading Russian bonds.
War is always just another way to squeeze out some extra profit, isn't it?

Don't go thinking for a second that Western leaders give a damn about some random Russian farmer or laborer; they're looking after their donors and lobbyists.

And why shouldn't they be traded? 🤔
By using the existing issues, of course—I highly doubt anyone is going to touch a new issuance.

Nicholas Watson said:And what happens next, we just order them to go pick a fight with Greece?

Not a chance. They'll just play dumb when Turkey decides to move on Greece.

brightheron64 said:Everything would look much brighter if other suppliers were actually showing some solidarity or empathy toward Germany, perhaps even offering energy at Russian prices—or maybe even lower, given the current situation and the noble intentions behind the embargoes...

Inflation in Germany is hitting twice what was originally anticipated
The German economy is expected to grow this year at only half the speed predicted by those who clearly didn't see the writing on the wall back in December; they're looking at just 1.9 percent, whereas the Federal Reserve's projections in December suggested an activity increase of 4.2 percent...

"Our baseline scenario assumes that the war and its fallout won't escalate any further," the Federal Reserve warned...

They also cautioned that if the conflict intensifies and Germany loses access to Russian energy—whether through European embargoes or a sudden Russian shutdown of exports—inflation could skyrocket while the economy takes a massive hit...
In that specific scenario, economic activity could shrink by three percent in 2023, with inflation climbing to around six percent, according to the Federal Reserve's calculations...

Meanwhile, Bloomberg is telling a slightly different story:
The Federal Reserve's outlook, published Friday, shows German inflation averaging 7.1% this year, 4.5% in 2023 and 2.6% in 2024 -- up from 3.6% in 2022 and 2.2% in the other two years earlier.

And as for our fate? Well, wherever Germany goes, we'll likely follow right behind them...

Everything would be just fine if we simply denied military aid to the Ukrainians and forced them to surrender to the Russians.

The trouble is, now the Swedes have become part of the problem too. We would need to convince them to abandon their precious freedom and wealth to become vassals of Vladimir Mali just so we can enjoy cheaper gasoline and lower inflation—all in the vain hope that the Tsar won't eventually demand permanent Russian territories where at least one Russian can spend his summer vacation relaxing.

Japan has introduced a fresh round of sanctions, effectively banning the export of bulldozers and heavy-duty trucks to Russia.

When one considers the landscape of the Russian market, it becomes clear that Komatsu stands as the primary supplier of Japanese bulldozers; in fact, last year alone, Komatsu commanded an 18% market share, outpacing every other competitor, including the various Chinese manufacturers.

It appears that Russian firms rely heavily on Komatsu equipment, specifically favoring their most robust heavy-duty models in the sub-50-ton range.

These machines are indispensable for the mining sector—specifically within gold and mineral extraction operations—where demand reaches upwards of 100 to 150 units annually.

https://www.vedomosti.ru/business/ar...kih-buldozerov

Anthony Hill5 said:Everything would be just fine if we simply denied military aid to the Ukrainians and forced them to surrender to the Russians.

The trouble is, now the Swedes have become part of the problem too. We would need to convince them to abandon their precious freedom and wealth to become vassals of Vladimir Mali just so we can enjoy cheaper gasoline and lower inflation—all in the vain hope that the Tsar won't eventually demand permanent Russian territories where at least one Russian can spend his summer vacation relaxing.

You’re twisting my words entirely.

My point was actually about the logic behind international sanctions; if we know the primary targets are energy resources, then it stands to reason that there should be a global consensus on oil pricing—essentially an international agreement on price floors or protections. That way, the sanctions would actually hit Russia where it hurts, rather than punishing both Russia and half the rest of the world at the same time. If we did that, countries like India or Canada wouldn't feel the need to "bend the rules" just to survive, and they might actually find themselves standing alongside us in this cause...

So, I’ll go back to the question I already asked:
How much would Russian oil really be sanctioned if the USA were as "self-sufficient" as Germany, having to import every single drop of necessary gas and oil? It is incredibly easy to play the moralist and act like a righteous crusader when you are practically energy-independent and sitting atop the strongest economy in the world, but what about the fallout? What about the rest of us?...

Right now, the average price per gallon in the USA is $5.004.
Current exchange rate: 1 USD = $2.25
1 US gallon = 3.8 liters

Just give me a fuel price per liter from $3.00 and I won't mention the word "sanctions" ever again.

William Cooper11 said:Not a chance. We should just egg Turkey on to push against Greece over those maritime disputes and then sit back quietly while the Turkish military tears things up and ruins the entire tourist season.
After a month of everything going to hell, then maybe we can call the Greeks and ask if they still plan on ignoring the sanctions against Russia.

Before the Klingons even think about invading Australia,😁 someone should probably wonder if Turkey and Greece are actually going to go to war or if they'll just end up destroying each other's tourism revenue. Both Greece and Turkey rely heavily on tourism, so maybe check with the Klingons for advice before posting next time.☕

Terry Green3 said:The Russian government is on track to see an unprecedented $250 billion cash influx this year

It’s a joke. These sanctions look like they were scribbled down by Jerry and Tom.
I mean, is there actually a single competent economist or lawyer working in those European Union commissions? Or is it just a bunch of career bureaucrats—the kind of people you see in Washington like Andrej Plenković or Ursula von der Leyen—who wouldn't know real life if it hit them in the face?

Honestly, even a street hustler from Brooklyn could outsmart these sanctions, let alone a major power.

There is no need for such uncontrolled rage. One must be patient. Sanctions erode stability like a cancer at the cellular level; it is merely a matter of time before the inevitable collapse occurs.