Sanctions on Russia

Does this mean Russia has an ace up its sleeve? It’s clear our US nuclear plants rely on uranium from Russia. And since there aren't any sanctions on it yet, they're still in the game.

The EU just announced a four-part package of measures, which should be finalized today.
This includes a ban on exporting all luxury goods from EU nations to Russia, along with a prohibition on importing iron and steel products. They’re also banning any investment in the Russian energy sector—that covers everything from direct investments and technology transfers to financial services used for energy research and production.
This follows the G7's pledge to strip Russia of its privileges within the World Trade Organization and restrict its access to assistance from the IMF.

https://www.politico.eu/article/brus...teel-and-more/

Zachary Jackson4 said:Does this mean Russia has an ace up its sleeve? It’s clear our US nuclear plants rely on uranium from Russia. And since there aren't any sanctions on it yet, they're still in the game.

Maybe for the time being. But honestly, it doesn't seem like much more than the rest of Europe's dependency on their oil or gas.

https://www.republicworld.com/world-...ticleshow.html

On the other hand, the US does not produce or process uranium currently even though Texas and Wyoming have large reserves of this metal.

While Australia and Canada have large deposits of Uranium as well , Russian supplies ara cheaper thereby facilitating Low electricity prices in The US

It’s the same story in the EU. You have your own resources, but someone else offers them cheaper, so you just shut down your own operations and buy from them instead.
I'm expecting production to kick in in 3...2...1....

Zachary Jackson4 said:https://www.reuters.com/business/ene...ce-2022-03-08/

And why shouldn't they?

That news broke three days ago, and now people are already talking about banning uranium—looks like they've already started hunting for a workaround.

https://www.bloomberg.com/news/artic...pplier-rosatom

Russia Soars Past Iran & Syria To Become World's 'Most-Sanctioned' Country

Goldman Sachs predicts What will happen to Europe ’ sa Economy if Putin shuts OFF The gas taps

https://www.cnbc.com/2022/03/11/gold...s-off-gas.html
“If Russia were to completely cut off pipeline exports, we're looking at a situation where the Euro area GDP growth could drop by 2.2pp in 2022 compared to our original forecast. It would probably hit places like Germany pretty hard, maybe seeing a -3.4pp dip, and Italy might see a -2.6pp drop too.”

Zachary Jackson4 said:https://www.reuters.com/business/ene...ce-2022-03-08/

And why shouldn't they?

Zachary Jackson4 said:Does this mean Russia has an ace up its sleeve? It’s clear our US nuclear plants rely on uranium from Russia. And since there aren't any sanctions on it yet, they're still in the game.

Russia isn't some major uranium player. Namibia, with a population of just 2.4 million, digs out more annually than Russia does. That's the state of the Russian economy for you.
🤣

The bill for this is eventually going to come due:



https://www.dtnpf.com/agriculture/we...previous-month

Time to load up on some Dow Chemical stock—what's the hold-up?

analogbear5 said:Time to load up on some Dow Chemical stock—what's the hold-up?

And what exactly would they be producing there?

Just flatulence—which, if you think about it, is basically just methane, much like natural gas...

Gas supply—half imported, half domestic.

analogbear5 said:Time to load up on some Dow Chemical stock—what's the hold-up?

They're pulling out of the market.

Maybe this belongs here too... Did Russ impose sanctions on us, or did we push them on him?

PUTIN'S MAJOR BLOW TO AMERICA: Russia refuses to supply coal to The Plomin power plant, leaving the US short by 9% of its electricity

hollowwalker24 said:Maybe this belongs here too... Did Russ impose sanctions on us, or did we push them on him?

PUTIN'S MAJOR BLOW TO AMERICA: Russia refuses to supply coal to The Plomin power plant, leaving the US short by 9% of its electricity

The crazy thing is, according to this article, they were supposed to deliver that shipment back at the start of February. Back then, they were still acting all high and mighty, saying "Oh please, it'll never happen," while calling the West "hysterical" over the invasion.
It just goes to show how much breath they wasted trying to cover up their own lies.

hollowwalker24 said:Maybe this belongs here too... Did Russ impose sanctions on us, or did we push them on him?

PUTIN'S MAJOR BLOW TO AMERICA: Russia refuses to supply coal to The Plomin power plant, leaving the US short by 9% of its electricity

Us. It's no secret—sanctions hit both sides. Over here, prices spike; over there, the economy just tanks.

Russia is going to be struggling for years because of those sanctions. But hey, they'll still have their military might, which honestly makes them even more prone to acting out unpredictably. Since Europe is basically cutting Russia off, they’re gonna fall way behind Asian nations and the USA. They'll just be a slightly smaller loser than Russia itself.

Adam Reyes90 said:Russia is going to be struggling for years because of those sanctions. But hey, they'll still have their military might, which honestly makes them even more prone to acting out unpredictably. Since Europe is basically cutting Russia off, they’re gonna fall way behind Asian nations and the USA. They'll just be a slightly smaller loser than Russia itself.

It’s always the same old story with you people: "Oh, we're all equally to blame." You constantly seem to forget that Russia's economic weight is roughly on par with Spain's.
If the collapse of the Russian economy were truly going to deal such a devastating blow to Western economies, then there’s clearly something wrong with your logic...
That would be roughly equivalent to claiming that if the Mexican economy collapsed, it would drag the entire EU economy down with it. Makes sense, right? Not at all.
Best regards,

China: A breakdown of imports, exports, and trade balances.

Chinese Exports
Chinese Imports
Trade Balance

Russia — looking at how much national wealth is held by the top 10%.

Adam Reyes90 said:Russia is going to be struggling for years because of those sanctions. But hey, they'll still have their military might, which honestly makes them even more prone to acting out unpredictably. Since Europe is basically cutting Russia off, they’re gonna fall way behind Asian nations and the USA. They'll just be a slightly smaller loser than Russia itself.

Honestly, because of this, Russia has been pushed backward in a way they can't undo, and there’s just no coming back from it. Even if we look at the sanctions as just hitting their main source of wealth—and you know the European Union is inevitably going to jump on board too—that alone is a massive blow.

But man, this goes way deeper than your run-of-the-mill sanctions; we are talking about total, permanent isolation here. The West is done, they just don't want anything to do with these people anymore. And when you cut those ties, it means Russia isn't ever going to transform into a democratic society; instead, they're stuck being nothing more than a mafia-style military state, permanently trapped in a cycle of corruption, poverty, and teetering on the edge of humanitarian disasters, all while being totally dependent on their big brother in China. Looking back, the last 20 years will probably be remembered as this incredible, once-in-a-lifetime opportunity where they could have used their massive resource exports—during that unprecedented era of openness toward the West—to finally break free from those endless cycles of decay, internal instability, and being left behind. They had the chance to modernize, and they blew it.
It's gone forever.

But hey, I guess if nothing else, at least they'll have cheap blondes, unless the Chinese decide to swoop in and take all of that too.

Bryan Booth82 said:It’s always the same old story with you people: "Oh, we're all equally to blame." You constantly seem to forget that Russia's economic weight is roughly on par with Spain's.
If the collapse of the Russian economy were truly going to deal such a devastating blow to Western economies, then there’s clearly something wrong with your logic...
That would be roughly equivalent to claiming that if the Mexican economy collapsed, it would drag the entire EU economy down with it. Makes sense, right? Not at all.
Best regards,

No, Russia's "economic power" isn't anywhere near the level of Spain. What you are trying to reference is just a comparison of GDP between Russia and Spain—an argument a certain pretentious forum user repeats incessantly here. Aside from the fact that GDP can be calculated in several different ways, it essentially tells you nothing about actual "economic power."
Now, everyone is busy debating energy prices, food costs, and all the other fallout that these sanctions—and the war in Ukraine in general (whether you believe it or not, Ukraine is also exceptionally vital to the global economy, far more important than Spain)—will leave across Europe. If Spain were to vanish tomorrow with its current economic structure, nobody would even notice.