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All you have to do is watch this video to see how the average person in Russia is suffering. It really just blows the horseshit propaganda of the Three Stooges posts out of the water, and it is just one of many videos posted by Russian youtubers all saying basically the same thing...
Life In Russia Under Sanctions | 4 Months: Ghost Shopping Malls, Dying Businesses, Personal Low - YouTube
Who's the bigger c u n t, the stoopid Russian spouting propaganda or the stoopid wanketeer posting it?Quote:
Originally Posted by OhOh
10 Jul, 2022 00:46
HomeBusiness News
Fate of sanctioned Russian gas equipment decided
Ottawa will send the Russian gas turbine to Germany to avoid breaching its own sanctions.
"The Canadian government has decided to sidestep its own restrictions by returning crucial equipment, needed for maintenance on the Nord Stream 1 gas pipeline, to Russia via Germany, despite criticism and pressure from Ukraine.Canadian Minister of Natural Resources Jonathan Wilkinson announced the move on Saturday evening, insisting it would guarantee “Europe’s ability to access reliable and affordable energy as they continue to transition away from Russian oil and gas.”
The decision follows Berlin's pleas for Ottawa to return Russian gas pipeline components amid a growing energy shortage. In the meantime, according to Reuters and Ukrainian news outlets, the government in Kiev was pressuring Canada not to return the equipment, arguing that the precedent would erode anti-Russia sanctions.
Explaining its decision, the Canadian government said that “absent a necessary supply of natural gas, the German economy will suffer very significant hardship and Germans themselves will be at risk of being unable to heat their homes as winter approaches.”
https://www.rt.com/business/558713-c...ioned-turbine/
Absolutely the right decision.
Canada gets something right.
China is the main beneficiary of the biggest change in energy trade flows in recent memory as Russia pivots to Asia to sell the oil and coal banned in the West and looks to build another major natural gas pipeline to China.
Beijing is not only a willing energy trade partner for Russia, soaking up hundreds of thousands of barrels of crude oil per day unwanted in the West.
China is also paying for Russian energy at growing discounts to international benchmarks, which makes its government-managed industry even more competitive than that of the U.S. and its allies, Thomas J. Duesterberg, Senior Fellow at U.S.-based think tank Hudson Institute, writes in Forbes.
“The United States could help its European and Pacific Rim allies, neutralize the growing Chinese opportunity in energy and energy-intensive industries, and contribute to the beleaguered effort of Ukraine to defeat Russian aggression if it treated its oil and gas production industry as part of its modern-day “Arsenal of Democracy” rather than as a pariah that should be slowly phased out,” Duesterberg says.
But the Biden Administration is intent on keeping its climate goals and is blaming the oil industry for all the sins—from not enough gasoline to bring fuel prices down, to price gouging and profiteering from triple-digit crude oil prices.
In the wake of the Russian invasion of Ukraine, industries in the West are grappling with soaring energy, input, raw material, and equipment costs. The EU may be on the brink of a recession later this year with its gas supply from Russia slashed and the possibility of rationing for some industries in a few months’ time. Recession in the U.S. is also a distinct possibility after the Fed aggressively hikes key interest rates to tame the highest inflation in four decades.
Meanwhile, China is enjoying growing flows of crude and coal at cheaper than benchmark prices. Although China still has ups and downs in its economic growth due to the ‘zero COVID’ policy with sudden lockdowns, it is boosting its global position further because of the cheap commodities from Russia it has been importing in recent months.
China’s industrial power is being fueled by U.S. adversaries in Russia and Iran, Hudson Institute’s Duesterberg notes.
China, which has never followed U.S. sanctions and keeps importing oil from Iran, has now increased imports of crude from Russia to records. China likely imported another 2 million barrels per day (bpd) of discounted Russian crude oil in June after bringing in around the same record amount in May. This kept Russia as the top Chinese oil supplier ahead of Saudi Arabia for a second consecutive month, according to tanker tracking firms Refinitiv, Vortexa, and Kpler cited by Reuters.
A Hudson Institute analysis of Chinese customs data and the reported value of its imports showed that China paid for Russian oil 9% below Brent prices in January. The discount widened to 18.2% below Brent prices in May, when China imported a record 2 million bpd of Russia crude. Beijing also imports the typical high volumes of coal from Russia, as higher purchases from China, India, and Turkey have offset in recent months dwindling Russian coal sales to Europe ahead of the EU ban on coal imports starting in August.
In natural gas, however, it will take years for China to materially boost pipeline imports from Russia because of a current lack of infrastructure. Russia is already sending natural gas via pipeline to China through the Power of Siberia pipeline, with plans for another major gas pipeline, but this will take years to complete and commission. Analysts warn that Russia—having no other choice—could become too dependent on China for energy trade, especially for its gas sales.
By Tsvetana Paraskova for Oilprice.com
https://uk.style.yahoo.com/china-win...weJl5SKTIpwjgY
I believe many are benefitting from the sanctions except for the instigators, whom are digging themselves deeper.
Kind of a karmic blowback situation.
11 Jul, 2022 16:24
HomeBusiness News
Brazil seeking Russian fuel supply – Bolsonaro
The South American nation may clinch a deal with Moscow on cheap diesel imports, its president says.
"President Jair Bolsonaro says Brazil is close to reaching a deal for the purchase of much cheaper diesel from Russia, Reuters reported on Monday.Last week, BRICS Information Portal reported that Bolsonaro had a telephone conversation with Russian President Vladimir Putin, who had reportedly vowed to guarantee the South American country a steady supply of fertilizers, which are crucial for Brazil’s vast agribusiness sector.
“We have food security and energy security, there are chances that we will buy diesel from there, which is at a more convenient price,” the Brazilian leader was quoted as saying on Wednesday.
Bolsonaro has been working on proposals to ensure adequate fuel supplies for the country with a minimal impact on prices as the nation struggles with high inflation. According to estimates, Latin America’s largest economy, which consumes more than five million cubic meters of diesel per month, will have to increase imports by over 15% to meet domestic needs."
Brazil seeking Russian fuel supply – Bolsonaro — RT Business News
11 Jul, 2022 11:38
HomeBusiness News
European gas prices drop on renewed Russian supply hopes
Canada’s reported promise to return Nord Stream pipeline equipment eased energy market concerns.
"Natural gas spot prices in Europe decreased by 12% on Monday after the Canadian government announced its decision to send a repaired Nord Stream 1 gas turbine back to the pipeline operator, easing concerns over a growing energy crunch in the region.The Dutch TTF contract, a key European spot benchmark, was trading at $1639.5 per thousand cubic meters, or €154 per megawatt hour, according to London ICE data.
On Saturday, the Canadian authorities said they would sidestep sanctions by returning vital equipment needed for the operation of the Nord Stream 1 gas pipeline. The turbine will be delivered to Germany first, which will then send it on to Gazprom so Ottawa does not breach the Ukraine-related restrictions it introduced against Moscow.
On Monday, Russian media reported, citing sources, that the equipment would be sent to Germany after July 14.
In June, an operational problem, triggered by the failure to return the serviced turbine on time, forced the Gazprom-affiliated Nord Stream AG to reduce flow through the pipeline to Germany to just 40% of capacity. As a result, European gas prices surged to their highest level since March."
https://www.rt.com/business/558762-e...s-prices-drop/
IMF, other intl institutions urged to take responsibility in tackling Sri Lankan crisis to prevent more nations in Africa, LatAm to follow suits
By GT staff reporters Published: Jul 11, 2022 11:34 PM
"As political leaders of Sri Lanka discussed the way forward for the country following the announced resignation of both the country's president and prime minister amid the worst economic crisis in decades in the country, Chinese observers called on global financial organizations to coordinate creditors to speed up debt restructuring, avoid putting politics first and establish an emergency response mechanism to prevent more sovereign debt defaults as countries like Zimbabwe and Argentina may follow Sri Lanka into economic crisis.
Sri Lanka's economy is highly dependent on foreign trade with limited resilience to shocks. The pandemic, the Russia-Ukraine conflict as well as US' unilateral sanctions against Russia have combined to precipitate a crisis, observers stressed."
Continues at:
IMF, other intl institutions urged to take responsibility in tackling Sri Lankan crisis to prevent more nations in Africa, LatAm to follow suits - Global Times
Sri Lanka crisis: a closer look
By Global Times Published: Jul 11, 2022 06:58 PM
Attachment 89371
Australian iron ore supplier embraces Chinese market with yuan settlement
By Global Times Published: Jul 11, 2022 10:14 PM
"Australian iron ore conglomerate BHP hailed on Sunday its first shipment of yuan-based spot trade iron ore to dock at a port in East China's Shandong Province, as Australian companies step up efforts to maintain businesses in the Chinese market amid tense bilateral relations due to Australia's hostile approach toward China.
The vessel Vittoria loaded with iron ore from a mine in Western Australia arrived at Rizhao port, China's major iron ore trading port, on Sunday, two-weeks after departing Port Hedland, according to a BHP statement on Sunday.
The arrival marks the official beginning of BHP's Shanghai branch, a wholly-owned subsidiary, since it was recently established to better serve clients in China, the largest iron ore importer in the world.
At the event to celebrate the ship's arrival on Sunday, Jeremie Louis, vice president of marketing and sales (Iron Ore) of BHP, said that the US dollar sales of iron ore and the spot market of the yuan in ports have their own characteristics and advantages and can complement each other and coexist, according to the official statement.
The launch of the yuan-based trade in iron ore marks an important step for the Australian company to get closer to the Chinese market, while balancing the possible risks and uncertainties from the US dollar ignited by high US inflation, industry insiders and experts said.
Overseas mines carrying out yuan settlement for spot trades at ports is helpful for the wider application of the yuan in commodity settlement and reduces the use of the greenback amid possible economic risks brought by huge exchange rate fluctuations to Chinese steel enterprises, Shandong Port Group Co, the operator of Rizhao Port, said in a statement sent to the Global Times on Monday."
Continues at:
Australian iron ore supplier embraces Chinese market with yuan settlement - Global Times
Utter hogwash. The crisis has been in the making for over two years with the Rajapaksa family deciding to write their own book on how to manage a country's economy (particularly a move to organic farm production) and finances (printing ever increasing amounts of money) which predictably and unfortunately for the people failed.Quote:
Originally Posted by OhOh
Not to mention Sri Lanka politicians trousering wads of cash to indebt their country to the chinkies.Quote:
Originally Posted by malmomike77
Ironic... another fucking thief caught trying to leg it to Dubai, which is probably where he's stashed his share of the chinky loot.
Quote:
COLOMBO: Sri Lanka's embattled president was stuck in his own country Tuesday in a humiliating standoff with airport immigration staff blocking his exit to safety abroad, official sources said Tuesday.
Gotabaya Rajapaksa has promised to resign on Wednesday and clear the way for a "peaceful transition of power" following widespread protests against him over the country's unprecedented economic crisis.
The 73-year-old leader fled his official residence in Colombo just before tens of thousands of protesters overran it on Saturday and wanted to travel to Dubai, officials said.
Yep, hard to argue with.Quote:
Originally Posted by HuangLao
Jesus H you are aligning yourself with every buffoon on the forum. Do you even know/remember who Jeff is?Quote:
Originally Posted by Iceman123
Jeff is correct, I am well aware who he is.Quote:
Originally Posted by bsnub
And no I have not aligned myself with you.
Quote:
Originally Posted by Iceman123
Fair comment.
Sri Lanka have been done in by their incredibly corrupt government.
Russia’s account surplus reached a new record for the second quarter, according to data released by the central bank cited by Bloomberg.
The surplus, now more than $70 billion, comes on the back of surging oil and gas—and other commodities as well—exports, which outweighed the sanctions placed on the country by Western powers.
The surplus was also bolstered by high prices and decreasing imports—to $72.3 billion in Q1 from $88.7 billion in Q2—thanks to the sanctions, which have a greater effect on imports than on exports.
The sanctions on Russia’s energy exports have made scant progress in restricting funds flowing into Russia that it could use to carry on its aggression in Ukraine. India, for one, is purchasing record amounts of Russian crude oil—to the tune of nearly a million barrels per day as of June—this is about one-fifth of India’s total crude oil imports, according to Reuters.
China has also been importing record amounts of cheap Russian crude during June, even in the midst of Covid lockdowns. Russia is China’s main supplier of crude oil, and neither India nor China is showing signs of reluctance in snapping up Russian crude—a sanctioned commodity by Europe and the United States.
It’s not just oil. Russia is also said to be close to a deal with Brazil to supply the South American country with cheap diesel, Reuters reported on Monday. Brazilian President Bolsonaro, facing a tough reelection in October due to high fuel prices, has enjoyed an amicable relationship with Russian President Vladimir Putin.
Russian exports were $153.1 billion in the second quarter after reaching $166.4 billion in the first quarter.
The United States has plans to discuss a possible oil price cap on Russian crude with major crude oil purchasers like India to garner support for such a plan—a plan that would seek to allow buyers to continue purchasing Russian crude but cap the revenues that Russia receives for those purchases.
Soaring Energy Exports Send Russia’s Account Surplus To Record High | OilPrice.com
And incompetent.Quote:
Originally Posted by DrWilly
Probably Chine and the West have not helped much.
But the blame is clearly on one family, that was in power.
Yup. That pretty much sums it up.Quote:
Originally Posted by DrWilly
FTFY.Quote:
Originally Posted by DrWilly
'arry's small brain has been done in by rampant sinophobia, and other assorted bigotries.
I hope they are very happy together. Unfortunately China has forgotten if it wasn't for western money not the ruble, they would all still be riding on nothing more technical than a bicycle. Come back after a year of sanctions and let us know how swimmingly well the Russian population are going. Two dictators both wanting to dominate the world at the same time. What could possibly go wrong.Quote:
Originally Posted by sabang
Don't worry about the chinkies, they hate the russians as much as the rest of us.Quote:
Originally Posted by Hugh Cow
:)
Quote:
SentinelLabs has identified a new cluster of threat activity targeting Russian organizations increasingly under attack by Chinese APTs. The attacks use phishing emails to deliver Office documents to exploit targets to deliver their RAT of choice, most commonly ‘Bisonal.’
The firm also assesses ‘with high confidence that the threat actor responsible for the attacks is a Chinese state-sponsored cyber espionage group, as also recently noted by Ukraine CERT (CERT-UA).’
Last month, SentinelOne pointed to the CERT-UA public release Alert #4860, which contains a collection of documents built with the Royal Road malicious document builder, themed around Russian government interests. “SentinelLabs has conducted further analysis of CERT-UA’s findings and has identified supplemental Chinese threat activity,” it added.
“China’s recent intelligence objectives against Russia can be observed in multiple campaigns following the invasion of Ukraine, such as Scarab, Mustang Panda, Space Pirates, and now the findings here,” Tom Hegel, senior threat researcher at SentinelOne, wrote in a blog post on Thursday. ”Our analysis indicates this is a separate Chinese campaign, but specific actor attribution is unclear at this time. While the overlap of publicly reported actor names inevitably muddies the picture, it remains clear that the Chinese intelligence apparatus is targeting a wide range of Russian-linked organizations,” he added.
:smileylaughing:Quote:
Originally Posted by harrybarracuda
I am sure the Three Stooges will be along soon to claim this is fake news.
Quote:
Originally Posted by harrybarracuda
Exactly.Quote:
Originally Posted by bsnub