Sanctions on Russia

Given all this talk about sanctions—or rather, the constant whining about potential sanctions versus actual, tangible ones...

--- if someone could be so kind as to provide a more "expert" explanation here... 👍

Basically, this Russian site claims that Volvo is pulling out of Russia—leaving production behind there... https://www.rt.com/business/550862-v...uction-russia/

The statements are incredibly ambiguous, for instance: "...Spokesman Klaas Eliasson told Swedish state broadcaster SVT that The company does not “ have conditions for work in Russia, taking into account the imposed sanctions.” He noted that “there is no boycott of Russia as a nation.”..." /

/ This guy named Spokesman Klaas seems to be playing games—claiming they "don't have the conditions to work in Russia due to sanctions," yet simultaneously insisting they aren't actually boycotting the country... 🙂

There were also news reports about major global energy giants "exiting" Russia, but it’s never clear what those exits actually look like—are they just sitting tight until things blow over, or are they truly leaving? Are they expecting some sort of massive payout or compensation for walking away? It's all very vague... 🤔

It looks like oil has hit $100 again today, and I assume natural gas has spiked by about 30% as well, and so on.

Just so I can be absolutely sure about the regulations here, is it actually legal to import a product from Russia into an EU member state if that item is closely linked to a specific medication?

hollowstag said:Just so I can be absolutely sure about the regulations here, is it actually legal to import a product from Russia into an EU member state if that item is closely linked to a specific medication?

What, is it arriving via teleporter?
Not happening.

Carol Newman2 said:What’s actually left for the sanctions to do?

So, does this mean no internet access for Russian or Belarusian domains?

George Robinson43 said:So, does this mean no internet access for Russian or Belarusian domains?

👍 🤣

Maybe they'll pull the plug on the old 'Soviet Union' domain—the .su extension—too. I think I read somewhere that the .su top-level domain is actually still technically "active"....

Amy Diaz222 said:👍 🤣

Maybe they'll pull the plug on the old 'Soviet Union' domain—the .su extension—too. I think I read somewhere that the .su top-level domain is actually still technically "active"....

I actually own a .su domain myself. It costs about 30 bucks a year.😁

With the Western markets closed, the ruble ended up at about 105 to the dollar. Not bad, I guess.
Considering this is easily the most brutal financial hit any country has taken since the gold standard was scrapped—if not ever (reminds me of that exchange booth in Thailand where they just slapped a zero on everything).

The West is going to be pretty disappointed if Putin keeps up the military operations; they were probably banking on the ruble hitting zero and seeing mass protests break out everywhere.
If Putin hadn't messed up by keeping too much central bank cash in euros, he might have sailed right through this. After this stunt, it's obvious the euro is basically just an American auxiliary currency now—no one facing financial warfare is going to want it. I really hope there's still time to reconsider moving toward it.

It looks like our government is going to have to cough up nearly $350 million to cover those borrowed bonds, which goes straight to a domestic JPMorgan Chase that's staring down bankruptcy. Yikes... sure, some of that gets recouped through issued credits and whatnot, but that’s going to move at a snail's pace.

The impact of sanctions is starting to ripple through, though, as is often the case, the effect isn't exactly a surgical strike. It’s messy. Both Russians and Europeans are going to feel the sting of this one, I suppose.
The real question, perhaps, is just who actually has more room to maneuver when the pressure builds.

Carol Newman2 said:What’s actually left for the sanctions to do?

Canada is already moving toward an embargo on Russian oil imports.

silverotter72 said:The impact of sanctions is starting to ripple through, though, as is often the case, the effect isn't exactly a surgical strike. It’s messy. Both Russians and Europeans are going to feel the sting of this one, I suppose.
The real question, perhaps, is just who actually has more room to maneuver when the pressure builds.

When you disrupt a free market, global economic damage is inevitable—but let’s be real, that damage isn't distributed evenly. In fact, it often creates accidental winners along the way.

Carl Lee27 said:Japan, Korea, and Taiwan might eventually jump on board with the sanctions, but it really depends on how far they're willing to go...
Maybe there's actually a real solution for Europe: just ban every single aircraft coming out of Russian airspace entirely, regardless of where they're registered or where they started their journey.

That would mostly screw over Japan, China, and the rest because of cargo flights. Even the USA uses Russian airspace for cargo and civilian travel. From what I can see, they actually have a decent deal worked out with Russia.

The USA pushes the EU to take a stand against Russia, yet they have these side deals with them. To me, Joe Biden is pretty transparent. Just look at the chaos back home in America over those sanctions on Russian banks. They only ever implement the sanctions that barely touch them.

Even Congress is gone now.

silverotter72 said:The impact of sanctions is starting to ripple through, though, as is often the case, the effect isn't exactly a surgical strike. It’s messy. Both Russians and Europeans are going to feel the sting of this one, I suppose.
The real question, perhaps, is just who actually has more room to maneuver when the pressure builds.

Honestly, when you look at natural gas, Russia seems to have much more breathing room for the next few years, mostly because of how Germany has been acting lately. I mean, gas prices over in Europe have basically leveled out with what they're paying in Japan, Taiwan, or China... so now the whole thing really boils down to how much LNG is actually available, and from what I can see globally, there should be plenty coming toward Europe. Just look at the US—within a few years, once you factor in a realistic 65-70% utilization rate for the terminals, the US will have enough export capacity to cover most of what used to come from Russia into Europe. It all comes down to how fast Europe can actually get its act together and do its part.

As for everything else, I honestly think it’s almost laughable to even try and compare the West to Russia. I mean, seriously, who holds the upper hand? Is it the most open, free, and therefore by far the wealthiest and most advanced societies ever known... or is it just one autocratic society that draws all its strength and wealth from primary industries and squeezing resources out of the ground?
To put it simply, the West could literally build a wall against Russia tomorrow just by throwing mountains of cash at it.

Europe has finally woken up from its long slumber. It’s finally sinking in that you can't just run a business entirely on your own terms and expect someone else to pick up the tab.

Pax Americana isn't enough to lean on anymore.

The West won't sit idly by while history repeats itself—they aren't about to let a 1939-style catastrophe unfold on their doorstep—which is exactly why we've seen such radical, sweeping shifts in policy in such a remarkably short window of time.

To ensure they don't end up as victims once again, there is a massive willingness to pour enormous amounts of capital into defense and provide support to anyone standing in the crosshairs of Russian aggression.

We are staring down the barrel of some truly transformative and unpredictable times.

Amy Diaz222 said:Given all this talk about sanctions—or rather, the constant whining about potential sanctions versus actual, tangible ones...

--- if someone could be so kind as to provide a more "expert" explanation here... 👍

Basically, this Russian site claims that Volvo is pulling out of Russia—leaving production behind there... https://www.rt.com/business/550862-v...uction-russia/

The statements are incredibly ambiguous, for instance: "...Spokesman Klaas Eliasson told Swedish state broadcaster SVT that The company does not “ have conditions for work in Russia, taking into account the imposed sanctions.” He noted that “there is no boycott of Russia as a nation.”..." /

/ This guy named Spokesman Klaas seems to be playing games—claiming they "don't have the conditions to work in Russia due to sanctions," yet simultaneously insisting they aren't actually boycotting the country... 🙂

There were also news reports about major global energy giants "exiting" Russia, but it’s never clear what those exits actually look like—are they just sitting tight until things blow over, or are they truly leaving? Are they expecting some sort of massive payout or compensation for walking away? It's all very vague... 🤔

It looks like oil has hit $100 again today, and I assume natural gas has spiked by about 30% as well, and so on.

You clearly don't grasp that modern vehicles (in this case) are assembled from components sourced globally. When you shut down borders, freeze the ability to transfer funds, and effectively sever a country from its raw materials and component suppliers—you leave them with no choice but to halt production and send workers home because there simply isn't any work left. One can be optimistic and hope everything returns to the status quo quickly so production and payroll can resume. However, if this situation persists, there is no going back; restarting production would become technologically and economically unfeasible. And one must wonder who would bother investing in the Russian Federation again when politicians are prone to such unnecessary adventures. Putin should have considered that instead of catering to his own ego.

wiredseal7 said:With the Western markets closed, the ruble ended up at about 105 to the dollar. Not bad, I guess.
Considering this is easily the most brutal financial hit any country has taken since the gold standard was scrapped—if not ever (reminds me of that exchange booth in Thailand where they just slapped a zero on everything).

The West is going to be pretty disappointed if Putin keeps up the military operations; they were probably banking on the ruble hitting zero and seeing mass protests break out everywhere.
If Putin hadn't messed up by keeping too much central bank cash in euros, he might have sailed right through this. After this stunt, it's obvious the euro is basically just an American auxiliary currency now—no one facing financial warfare is going to want it. I really hope there's still time to reconsider moving toward it.

It looks like our government is going to have to cough up nearly $350 million to cover those borrowed bonds, which goes straight to a domestic JPMorgan Chase that's staring down bankruptcy. Yikes... sure, some of that gets recouped through issued credits and whatnot, but that’s going to move at a snail's pace.

No one is suggesting that Putin or Russia shouldn't implement their own internal gold standard. They could back the ruble with gold reserves. The Russian Federal Reserve certainly holds enough gold to make that happen. Furthermore, nobody forced Putin to settle transactions in USD or EUR. He could have simply dictated the price of gas and oil in ounces of gold. As the seller, he sets the terms—if the buyers don't like the deal, they can take their business elsewhere. He didn't do any of that because he was a willing participant in the global fiat system and reaped the rewards. Now, that decision is coming back to haunt the people within Russia—the most loyal hostages and victims of his political machine.

Marcos said:It is high time this forum aligned itself with the civilized world and started penalizing this nauseating sycophancy toward a criminal and a deranged maniac.

Reading these Putin apologists at a time when the entire globe is facing nuclear threats makes one feel physically ill.

That is the very least this forum could do to show solidarity with the people of Ukraine.

No punishment or removal should occur. Democracy prevails here, and differing opinions are respected—provided they are backed by actual arguments. It is best to let things settle. Let the posts eventually serve as a testament to whether their authors were right or wrong.

wiredseal7 said:With the Western markets closed, the ruble ended up at about 105 to the dollar. Not bad, I guess.
Considering this is easily the most brutal financial hit any country has taken since the gold standard was scrapped—if not ever (reminds me of that exchange booth in Thailand where they just slapped a zero on everything).

The West is going to be pretty disappointed if Putin keeps up the military operations; they were probably banking on the ruble hitting zero and seeing mass protests break out everywhere.
If Putin hadn't messed up by keeping too much central bank cash in euros, he might have sailed right through this. After this stunt, it's obvious the euro is basically just an American auxiliary currency now—no one facing financial warfare is going to want it. I really hope there's still time to reconsider moving toward it.

It looks like our government is going to have to cough up nearly $350 million to cover those borrowed bonds, which goes straight to a domestic JPMorgan Chase that's staring down bankruptcy. Yikes... sure, some of that gets recouped through issued credits and whatnot, but that’s going to move at a snail's pace.

Since you’re clearly keeping an eye on the US markets, what’s your take on how today went?
https://finance.yahoo.com/quote/SBRC....tsrc=fin-srch

Nancy Gomez26 said:No punishment or removal should occur. Democracy prevails here, and differing opinions are respected—provided they are backed by actual arguments. It is best to let things settle. Let the posts eventually serve as a testament to whether their authors were right or wrong.

Apparently, having an opinion is now considered a crime if that opinion leans toward the right wing.

Putin launched an unprovoked assault on a nation where elderly people, women, and children are losing their lives every single day, yet here we see people practically swooning over him.

Everything has its limits, and quite frankly, this behavior is revolting.

Nancy Gomez26 said:You clearly don't grasp that modern vehicles (in this case) are assembled from components sourced globally. When you shut down borders, freeze the ability to transfer funds, and effectively sever a country from its raw materials and component suppliers—you leave them with no choice but to halt production and send workers home because there simply isn't any work left. One can be optimistic and hope everything returns to the status quo quickly so production and payroll can resume. However, if this situation persists, there is no going back; restarting production would become technologically and economically unfeasible. And one must wonder who would bother investing in the Russian Federation again when politicians are prone to such unnecessary adventures. Putin should have considered that instead of catering to his own ego.

Spot on. And it's not just about cars, either:

https://www.aerotime.aero/upload/fil...00_systems.jpg