I have. Down from 22-23%.I think you need to revise your numbers.
Deutsche-Wirtschafts-Nachrichten.
Europe's factories shut down production.
09/13/2022 16:27
"Europe's industry cannot survive without cheap gas. Factories across Europe are currently shutting down production. And many will never come back up.
Gregory Uhlig
- How many industries cannot survive because of the expensive energy in Europe
- Why many insiders believe the current crisis is permanent
- How deindustrialization is making Europe more dependent on imports"
Original in German here:
Deindustrialisierung: Europas Fabriken machen dicht
Wait until they have to import foreign, spot market priced, NLG. Even if the, 'arry confirmed, Qatar supply, ever turns up.
Last edited by OhOh; 16-09-2022 at 12:38 AM.
A tray full of GOLD is not worth a moment in time.
Russian sanctions slow to bite as US officials admit frustrations over pace of pain in Moscow.
(CNN)Senior US officials tell CNN they are disappointed US-led sanctions haven't had a bigger impact so far on the Russian economy and are now predicting that the harshest effects probably won't materialize until early next year at the earliest.
The hope had been that the sanctions would quickly choke off Russia's war machine in Ukraine, making it difficult for the Kremlin to sustain its efforts on the battlefield — and perhaps even turn public opinion against the invasion when day-to-day life in Russian society became uncomfortable.
But the Russian economy has proven far more resilient than many top Biden administration officials had expected when they set out to punish the country in February, thanks largely to record-setting revenues it has reaped in the spring and summer from soaring energy prices. In the first 100 days of the war, Russia earned a record 93 billion euros in revenue by exporting oil, gas and coal, according to the Finnish Center for Research on Energy and Clean Air.
Russia's economy still shrunk by about 4% between April and June as compared to the same period last year. But that's nowhere near the 15% decline that some had expected earlier in the year.
More
Russian sanctions slow to bite as US officials admit frustrations over pace of pain in Moscow | CNN Politics
"Whenever you find yourself on the side of the majority, it is time to pause and reflect,"
BERLIN, Sept 16 (Reuters) - Russia's economy is not likely to return to pre-war levels before the end of this decade as the Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings said in a report seen by Reuters on Friday.
By the end of 2023, gross domestic product (GDP) will be about 8% below where output was in 2021, according to the credit rating watchdog's forecast.
The Russian economy expanded by 4.7% in 2021, according to federal statistics service Rosstat.
After 2023, potential growth will drop to 1.0-1.5% a year from the 1.5-2.0% achieved before the war, the agency said.
"The Russian government, helped by the Bank of Russia, has used windfall export revenues to mitigate the immediate domestic economic impact of the war in Ukraine and sanctions, but the longer-term outlook has worsened," said Scope analyst Levon Kameryan.
Accelerating capital outflows, limited access to Western technology and negative demographic trends will continue to hamper growth and compound the effects of the war and sanctions in the absence of any significant economic restructuring, according to the report.
About four times as much private capital - $64.2 billion - flowed out of Russia in the first quarter of 2022 alone compared with the same quarter last year, said the report.
The Scope report predicts that the private sector will withdraw more capital from Russia this year than the $152 billion pulled out in 2014, when Russia annexed the Crimea. (Reporting by Rene Wagner, Writing by Miranda Murray, Editing by Rachel More, William Maclean)
Russian economy will not return to pre-war levels until 2030 - Scope
The next post may be brought to you by my little bitch Spamdreth
Regarding foreign companies all leaving Russia.
The propaganda from the 16%, is another fake "story".
Two reports, one from NaGastan, another from Ukraine.
Attachment 93017
Most multinationals remain in Russia and fund Putin’s invasion of Ukraine
By Diane Francis
"To date, only 112 companies have exited the Russian market completely, while over 1,149 internationals remain,” claimed WeAreUkraine.info founder Nataliia Popovych via email.
“The public is under the impression that most of the major international brands have already left Russia. In reality, most of the companies that downscale and suspend operations do it loudly while eight in ten companies doing business at some scale in Russia have kept silent about it."
Share the truth about Ukraine - We Are Ukraine
Leave < Russia
Stop Doing Business with Russia
"1148+
Continue Operations
176+
Pausing Investments
312+
Scaling Back
710+
Suspension
398+
Withdrawal
112+
Exit Completed
September 20, 2022
#LeaveRussia: The List of Companies that Stopped or Still Working in Russia
The vast majority 1,149, the green companies, have remained so far, in some form or another in Russia.
Only 112, the yellow companies have actually exited completely.
Last edited by OhOh; 21-09-2022 at 12:35 AM.
No-one cares about mickey mouse companies hoohoo.
They're irrelevant.
Putin looks like a c u n t.
Sanctions, what sanctions!
20 Sep, 2022 12:11 HomeBusiness News
Middle Eastern state plans major Russian gas purchase
Imports of gas by Iran will be part of an energy alliance with Moscow.
"Iran’s Ministry of Petroleum announced on Monday that Tehran will soon be importing nine million cubic meters of Russian gas daily, through Azerbaijan.According to the Fars News Agency, the plan was unveiled in a report providing details of a $40-billion deal between the National Iranian Oil Company (NIOC) and Russia’s state-owned gas producer Gazprom, reached in July.
The country’s oil ministry has also reportedly stated it will be getting, under a swap deal, six million cubic meters of gas a day from Russia. The gas will then be exported to other countries from southern Iran in the form of liquefied natural gas (LNG)."
Middle Eastern state plans major Russian gas purchase — RT Business News
Maybe Germany would like to approach Iran for some LNG.
Cash payment, in a Iran specified currency, after loading on the ship prior to departure, seems an appropriate financial process for an unreliable country.
20 Sep, 2022 07:14
HomeBusiness News
Heineken wants to replace Coca Cola in Russia – media
This comes despite a pledge by the Dutch brewery to cut ties with the sanctioned country.
"Heineken Russia has registered several brands with the word “cola” in the name, business daily Kommersant reported on Monday, citing documents filed with the Federal Service for Accreditation.The Russian division of the Dutch beverage giant has reportedly registered such trademarks as Royal Cola Original, Royal Cola Zero, Tony Lemony Orange and Tony Lemony Lemon that are expected to fill market gaps left by Coca-Cola and PepsiCo after they opted to quit Russia due to sanctions.
The drinks could be bottled in glass or plastic bottles, as well in aluminum cans, and would be manufactured in Russian factories owned by Heineken.
Heineken is Russia’s third largest beer producer, operating seven brewing plants across the country. The company’s portfolio includes more than 35 local and international brands, including Amstel, Krušovice, Affligem, and Gösser. Last year, its revenue in the country totaled $613 million.
In March, Heineken announced plans to halt new investments and exports to Russia. Later, the company said it would stop making, advertising and selling Heineken products in the sanctions-hit nation, citing “the current environment.” It pledged to continue reduced operations in Russia for the safety of its employees and to “minimize the risk of nationalization” until a buyer for the business can be found."
https://www.rt.com/business/563114-heineken-russia-coca-cola-void/
19 Sep, 2022 15:42
HomeBusiness News
French warned of winter blackouts
The country may not produce enough nuclear energy in the coming months as half of its plants are offline.
"Private households in France may face power outages this winter in the event of severe frosts, the head of the energy regulator CRE, Emmanuelle Wargon, told France Info radio on Monday.
“Under no circumstances will there be gas shutdowns in private homes. But on the electrical side, we may be faced with having to make difficult decisions about limited shutdowns,” she said, adding “These can last for several hours and will be very local – at the commune or district level – with prior notification to citizens.”
The regulator noted that shutdowns would not affect critical infrastructure, including hospitals. Extreme measures could be avoided if the winter is relatively warm, she added.
Wargon also admitted that the decision to close the Fessenheim nuclear power plant, decommissioned in 2020, “could not have been taken in the current crisis.”
“We thought that we could gradually replace nuclear energy with renewable energy sources, but now we understand that we will need more energy. We need both sources,” she stressed.
France relies on nuclear energy more than any other European country, generating about 70% of its electricity that way. However, about half of its 56 nuclear reactors have been shut down for maintenance, notably to repair corrosion problems."
https://www.rt.com/business/563091-french-winter-blackouts-warning/
20 Sep, 2022 17:03 HomeRussia & FSU
US reveals plan for seized Russian funds
The Department of Justice wants Congress to amend forfeiture laws so money can go to Ukraine'
"The US Department of Justice would like Congress to amend laws governing asset forfeiture, so money confiscated from Russian “kleptocrats” can be given to Ukraine, the head of the interagency sanctions task force Andrew Adams told the Senate on Tuesday while testifying at a hearing called “Tightening the Screws on Russia.”
Adams, formerly a federal prosecutor in the Southern District of New York (SDNY), is the head of the interagency Task Force KleptoCapture, a sanctions enforcement outfit created in February. The “scope, intended impact, and international alignment” of the anti-Russia sanctions are “without precedent,” he told senators.
Among the proposals he listed at the hearing was a pitch for Congress to amend the existing US asset forfeiture laws, in order to allow the government to “remediate harms caused to Ukraine by Russia’s war of aggression,” as Adams put it."
https://www.rt.com/russia/563195-doj...ssets-ukraine/
International laws or NaGastan "Rules"?
Last edited by OhOh; 21-09-2022 at 04:12 PM.
Puffy is getting desperate now.
Russians are starting to realise he is weak, and they aren't a fan of weak.
An interesting video regarding Europe's energy "solution's" catastrophic effects on its citizens.
'arry will be pleased with another Germany/ME country energy deal/fairytale expected to be signed shortly, Reuters alleges.
German Utility Giants Close To Massive LNG Deal With Qatar, But There Is A Catch
by Tyler Durden
Tuesday, Sep 20, 2022 - 08:10 PM
"About a decade ago, Europe had a good idea: pass a pipeline from natgas-producing giant Qatar through Syria, Turkey and into Europe, reducing or completely eliminating Europe's reliance on Russian gas. We then get the entire staged ISIS interlude which captivated the world's attention for several years, and which gradually faded away as CIA funding dwindled after Putin and Assad proved too powerful to be removed by western "liberators." And just as fast as ISIS disappeared as quickly as it appeared, so did Europe's ambitions of a natgas pipeline from Qatar.
But while Qatar may not send gas by land, nothing prevents it from doing so by sea, and with Europe facing a historic energy crisis and desperate to try literally anything, overnight Reuters reported that German utility giants RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) - the kind that doesn't need a pipeline but needs a rather expensive ship to transport it from expensive LNG terminal A to expensive LNG terminal B, or in this case from Qatar's North Field Expansion project.
Why? Simple: to help replace Russian gas, three Reuters sources said.
While talks between Germany and Qatar have been riddled with differences over key conditions such as the length of contracts and pricing - Reuters reported in May that the talks had run into difficulties because Germany was reluctant to commit to deals for at least 20 years and also wanted prices linked to Dutch benchmark gas prices, rather than oil.
The industry told Reuters the parties were expected to reach a compromise soon; one of the sources said the talks were now more constructive than a few months ago. Another source said the utilities were likely to agree 15-year deals, while a third source said a deal could be reached within weeks.
When asked for comment, Uniper told Reuters on Monday that it remained in talks with Qatar but had not reached a deal. "Uniper is currently working hard to diversify its sources of gas supply. Qatar also plays an important role in this," it said. RWE was similarly evasive and told Reuters it was in "good and constructive" talks with Qatar, without being more specific.
At the moment, the two utilities buy LNG from Qatar on the spot market. RWE signed a deal with Qatar in 2016 for up to 1.1 million tonnes of LNG a year, but that expires next year.
German Chancellor Olaf Scholz will travel to Saudi Arabia on Saturday for a two-day visit to the Gulf region that will also take him to the United Arab Emirates and Qatar. Scholz is expected to sign LNG contracts during his visit to the UAE, Economy Minister Robert Habeck said.
Europe's biggest economy has stated its ambitious goal of replacing all Russian energy imports by as soon as mid-2024, a Herculean effort for a country that mainly relies on natural gas to power its industry.
And while we applaud Germany finally realizing it has been held hostage by Russian energy all along - as Donald Trump warned it back in 2018 to sarcastic smile by Germans such as Heiko Maas, there is a big catch to the proposed push to replace dependency on Russia with dependency on Qatar:
Simply said, while supply deals with Qatar would be positive for Germany, they would not offer an imminent solution to Berlin's energy crisis - or even a near-term solution - as the vast North Field Expansion project is not expected to come online before 2026.
German Utility Giants Close To Massive LNG Deal With Qatar, But There Is A Catch | ZeroHedge
That's unfortunate. First delivery is 3 - 4 years away.
Last edited by OhOh; 21-09-2022 at 06:56 PM.
More utter crap. Zero fucking hedge in 2022? Give me a break.
The German's gas reserves are full and Norway and America have stepped into fill the breach. There will be no energy shortage in the EU this winter. Just more of your fearmongering trash.
^ Nice to see you posting again helge
More from Reuters on the facts ... Better than ZH opinion
... Exclusive: German utilities close to long-term LNG deals with Qatar, sources say | Reuters
Zerohedge is a fucking load of shite, like your posts.
Zero Hedge - RationalWikiZero Hedge is a batshit insane Austrian school finance blog run by two pseudonymous founders who post articles under the name "Tyler Durden," after the character from Fight Club. It's essentially apocalypse porn. It has accurately predicted 200 of the last 2 recessions.
Prices "have to go down," says Scholz
Status: 24.09.2022
Germany is in the midst of an energy crisis. Due to the enormous prices, many deal with the topic of heating differently than usual. What are you saying? Should we turn up the heating already? We asked. Here is your voice.
"The Chancellor has promised a quick remedy in view of the high energy prices. Especially people with little money and energy-intensive companies must now be helped. There is also good news.
Bundeskanzler Olaf Scholz has promised a swift implementation of the planned further relief due to the high energy prices. "The legislative machine has started and will very, very quickly organize the necessary support," said the SPD politician in his weekly video message published on Saturday .
It is about support for households, families and for those who earn little money – but also for companies that now have high energy bills and do not know how to continue to maintain their business.
With a view to the prices for electricity, heat and gas, Scholz affirmed: "They are too high, and they have to go down." In the case of electricity, a change in the "market design" should ensure this. A commission has been set up on gas prices and there are talks with the European Union and with all those who export gas to Europe and Germany.
The Chancellor referred to precautions already taken to ensure the supply of coal, oil and gas and that the electricity supply would continue to function. Today you can say: "We will probably get through."
"We have to do everything we can to avoid getting into employment issues"
Energiekrise: Die Preise „mussen runter“, sagt Scholz - WELT
Lots of promises and words. Unfortunately, for his citizens, he ends with:
"We will probably get through."
Hardly a Churchillian speech.
The eight hurdles to clear:
1. A swift implementation of the planned further relief
2. Legislative machine has started
3. Quickly organize the necessary support
4. A change in the "market design"
5. Should ensure this.
6. A commission has been set up
7. There are talks with the European Union
8. And with all those who export gas to Europe and Germany.
A failure at any one of the hurdles, may be enough to cause his "winning horse" to stumble and throw its jockey.
His citizens may do more than just throw away their worthless betting slips.
Let's hope, for his and the German citizen's sakes, he is successful.
Last edited by OhOh; 26-09-2022 at 08:31 PM.
The simplest solution is that the war criminal stops blackmailing Germany and the rest of Europe.
(Well realistically the simplest solution is for one of his generals to put a bullet between his eyes before he gets any more stupid ideas).
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