Economic sanctions

**Switch** · 08-06-2022, 08:24 AM

Originally Posted by Backspin

They aren't economic migrants. Moron. Its some "secret deal" Probably diplomats families because of the tit for tat expulsions. But it was dressed up in the media as some sob story.

Russia: The World's Second-Largest Immigration Haven

Russia: The World's Second-Largest Immigration Haven | The National Interest

According to UN Population Division estimates, as of 2013, the Russian Federation was second only to the United States in the sheer number of immigrants. This is a fact that continues to elude many Americans as, justifiably or not, Russia is commonly thought of as a place to leave rather than a place to which to move.

Its an anti Russia publication. And its funny to see it give all these half baked reasons why there's so many migrants going to Russia instead of admitting to the fact that there's economic growth.

It’s also based on information from nearly 10 years ago. SoCal = as up to date and ill informed as usual.

**Backspin** · 08-06-2022, 09:20 AM

Pizza Hut changes its name and legal ownership and will continue to operate in Russia. This is now seen with many western brands. They’re changing names/ legal ownership & resuming operations.

**sabang** · 08-06-2022, 09:49 AM

Likewise Papa John's.

Papa John’s faces backlash after American Russia franchisee refuses to close 190 stores

Pizza chain Papa John’s is facing heavy criticism on social media after an American franchise operator in Russia refused to close 190 stores, even after the company said it would suspend all corporate operations there following Moscow’s invasion of Ukraine.
The operator, Christopher Wynne, told The New York Times he won’t close the pizza shops controlled by his company, but mostly owned by Russians. The 190 stores make up the vast majority of Russia’s Papa John’s locations.
“The best thing I can do as an individual is show compassion for the people, my employees, franchisees and customers without judging them because of the politicians in power,” Wynne, a 45-year-old Colorado native, told the newspaper.
“The vast majority of Russian people are very clearheaded and understand the dark gravity of the situation they’re in,” he said. “And, at the end of the day, they appreciate a good pizza,” Wynne added.

Papa John’s last week followed other high-profile companies operating in Russia in suspending operations there. McDonald’s, PepsiCo and Coca-Cola announced they wouldn’t be operating there.
Starbucks president and CEO Kevin Johnson announced March 8 the suspension of business activities in Russia, and Yum! Brands said it was suspending operations at KFC company-owned restaurants and was working on doing the same with Pizza Hut.
On March 9, Papa John’s announced it had “suspended all corporate operations in Russia. It has ceased all operational, marketing and business support to, and engagement with, the Russian market.”
“Papa John’s International is not currently receiving any royalties from these franchised stores in Russia. Papa John’s International does not own or operate any restaurants in Russia,” the company’s statement said.
Still, with Wynne refusing to close his stores, criticism of the Papa John’s brand was swift.

“Call them “Papa Putin’s” or “Putin’s John,” one person tweeted.

https://news.yahoo.com/papa-john-fac...152023989.html

**sabang** · 08-06-2022, 10:24 AM

Originally Posted by sabang (Economic sanctions)
The sanctions aren't working

1/ The EU should forget about sanctions – they’re doing more harm than good

Far from compelling Russia to exit Ukraine, they are causing great suffering worldwide as food and energy prices soar

https://teakdoor.com/redirect-to/?redirect=https%3A%2F%2Fwww.theguardian.com%2Fcomm entisfree%2F2022%2Fmay%2F30%2Feu-forget-sanctions-russia-ukraine-food-energy-prices

^ Written by Simon Jenkins, a well respected Guardian columnist.

2/ Russia is winning the economic war - and Putin is no closer to withdrawing troops

The perverse effects of sanctions means rising fuel and food costs for the rest of the world – and fears are growing of a humanitarian catastrophe. Sooner or later, a deal must be made

https://teakdoor.com/redirect-to/?redirect=https%3A%2F%2Fwww.theguardian.com%2Fcomm entisfree%2F2022%2Fmay%2F30%2Feu-forget-sanctions-russia-ukraine-food-energy-prices

^ Written by the Economics Editor of the Guardian, Larry Elliot.

You can certainly wallow in your own childish opinions snubby, but you are not entitled to your own facts.

**pickel** · 08-06-2022, 11:04 AM

^
Even if there were no sanctions, the price of oil would have still risen when Putin invaded. As for the food, maybe Putin should let Ukraine export their wheat. There are no sanctions on Russian fertilizer or wheat.

**OhOh** · 08-06-2022, 11:06 AM

Is US/NATO (with WEF help) pushing for a Global South famine?

30898 Views June 06, 2022

By Michael Hudson and posted with the author’s permission

"Is the proxy war in Ukraine turning out to be only a lead-up to something larger, involving world famine and a foreign-exchange crisis for food- and oil-deficit countries?

Many more people are likely to die of famine and economic disruption than on the Ukrainian battlefield. It thus is appropriate to ask whether what appeared to be the Ukraine proxy war is part of a larger strategy to lock in U.S. control over international trade and payments. We are seeing a financially weaponized power grab by the U.S. Dollar Area over the Global South as well as over Western Europe. Without dollar credit from the United States and its IMF subsidiary, how can countries stay afloat? How hard will the U.S. act to block them from de-dollarizing, opting out of the U.S. economic orbit?

U.S. Cold War strategy is not alone in thinking how to benefit from provoking a famine, oil and balance-of-payments crisis. Klaus Schwab’s World Economic Forum worries that the world is overpopulated – at least with the “wrong kind” of people. As Microsoft philanthropist (the customary euphemism for rentier monopolist) Bill Gates has explained: “Population growth in Africa is a challenge.” His lobbying foundation’s 2018 “Goalkeepers” report warned: “According to U.N. data, Africa is expected to account for more than half of the world’s population growth between 2015 and 2050. Its population is projected to double by 2050,” with “more than 40 percent of world’s extremely poor people … in just two countries: Democratic Republic of the Congo and Nigeria.”^[1]

Gates advocates cutting this projected population increase by 30 percent by improving access to birth control and expanding education to “enable more girls and women to stay in school longer, have children later.” But how can that be afforded with this summer’s looming food and oil squeeze on government budgets?

South Americans and some Asian countries are subject to the same jump in import prices resulting from NATO’s demands to isolate Russia. JPMorgan Chase head Jamie Dimon recently warned attendees at a Wall Street investor conference that the sanctions will cause a global “economic hurricane.”^[2]

He echoed the warning by IMF Managing Director Kristalina Georgieva in April that, “To put it simply: we are facing a crisis on top of a crisis.” Pointing out that the Covid pandemic has been capped by inflation as the war in Ukraine has made matters “much worse, and threatens to further increase inequality” she concluded that:

“The economic consequences from the war spread fast and far, to neighbors and beyond, hitting hardest the world’s most vulnerable people. Hundreds of millions of families were already struggling with lower incomes and higher energy and food prices.”^[3]

The Biden administration blames Russia for “unprovoked aggression.

” But it is his administration’s pressure on NATO and other Dollar Area satellites that has blocked Russian exports of grain, oil and gas. But many oil- and food-deficit countries see themselves as the primary victims of “collateral damage” caused by US/NATO pressure."

Continues at:

Is US/NATO (with WEF help) pushing for a Global South famine? | The Vineyard of the Saker

**pickel** · 08-06-2022, 11:08 AM

Originally Posted by OhOh

But it is his administration’s pressure on NATO and other Dollar Area satellites that has blocked Russian exports of grain, oil and gas.

There are no sanctions on Russian grain. It's Russia blocking Ukraines exports.

**sabang** · 08-06-2022, 02:58 PM

No, Ukraine mined the ports- ostensibly to protect them from Russian attack. Putin has guaranteed safe passage for grain carriers, but told Ukraine they have to demine these ports they mined themself. He also offered the use of Mariupol as a transit port, which has already been demined.

**harrybarracuda** · 08-06-2022, 03:15 PM

Puffy blackmail. I pray for the cancer to finish him off soon.

**pickel** · 08-06-2022, 11:37 PM

Originally Posted by sabang

No, Ukraine mined the ports- ostensibly to protect them from Russian attack. Putin has guaranteed safe passage for grain carriers, but told Ukraine they have to demine these ports they mined themself. He also offered the use of Mariupol as a transit port, which has already been demined.

Bullshit. He's blocked the ports and wants sanctions lifted to open them.

**Backspin** · 09-06-2022, 04:20 AM

��The consequences of anti-Russian sanctions hit the beds in France.

Furniture manufacturers complain that there is a shortage of wood, writes Le Figaro.

Problems arose with the supply of needles, about 25% of which used to come from Russia.

From January to April, the price of chipboard increased by 20%, and in comparison with 2019 by 200-250%.

So far, enterprises have managed to shift the burden of prices to buyers. However, it is unknown how long this will last.

**OhOh** · 10-06-2022, 02:45 PM

It's from, Oil price, so discretion is required.

Insurance Ban Is The EU's Biggest Blow Yet To Russian Oil Exports

Friday, Jun 10, 2022 - 12:09 AM

Authored by Tsvetana Paraskova via OilPrice.com,

"

The EU has just taken another drastic step to curb Russian oil revenues.
Joining the UK, the EU has placed a ban on insuring and financing the marine transportation of Russian oil.
The insurance ban will likely have a massive impact on Russian oil exports.

The EU's embargo on 90 percent of all its oil imports from Russia by the end of the year made most headlines last week after the bloc reached a watered-down deal to ban most of Russia's oil.

But the much bigger blow to Russian oil exports that will have dramatic consequences on the global oil tanker market and oil prices comes from provision number two in the latest sanctions package - EU operators will be prohibited from insuring and financing the marine transportation of Russian oil to third countries."

Continues at:

Insurance Ban Is The EU'''s Biggest Blow Yet To Russian Oil Exports | ZeroHedge

One wonders whether Russia will self-insure or China, being the world's second largest, after Greece, civilian shipowner, will expand its own marine insurance offerings.China has become the world's second-largest ship-owning nation

China has become the world's second-largest ship-owning nation | Institute of Shipping Economics and Logistics

Another self-defeating example of the 16% sanctions, appears on the horizon:

**OhOh** · 10-06-2022, 03:14 PM

The Surging Cost of Everyday Expenses

By

Chris Anstey

9 June 2022 at 18:00 GMT+7

"Hello. Today we look at the surging cost of essential items in the US, countries alleged to be manipulating their currencies, and how Japan is dealing with the falling yen.

Behaving Badly

Some of the biggest bites out of American wallets are coming from price surges in essential items — food and energy — making the cost-of-living crisis all the more painful.

For two straight months, the primary consumer expenses — fuel, power, and grocery-store food — have all been rising at double-digit annual rates for the first time since 1981.
And data out Friday are likely to show a further surge in those unavoidable areas of spending, Olivia Rockeman, Will Wade and Michael Hirtzer write here."

Continues at:

https://www.bloomberg.com/news/newsl...ryday-expenses

**harrybarracuda** · 10-06-2022, 03:56 PM

That should really be in the "How Dangerous is Vladimir Putin" thread, or perhaps we should rename it to "How important is it that Puffy dies of cancer" thread.

**Backspin** · 10-06-2022, 10:15 PM

Japan will be left without a national cuisine due to sanctions.

Moscow will deprive Tokyo of the rights to fish from the Kuril Islands, Russian Deputy Prime Minister Trutnev said.

"They refused to pay for quotas for catching from the Kurils. They punish themselves well, they don't even need to be helped," he said.

**OhOh** · 11-06-2022, 12:26 AM

Originally Posted by harrybarracuda

That should really be in

The post is regarding NaGaStan inflation, which was created by NaGaStan economic leader's inadequacies.

**pickel** · 11-06-2022, 01:01 AM

Originally Posted by OhOh

The post is regarding NaGaStan inflation, which was created by NaGaStan economic leader's inadequacies.

So why do you keep blaming it on the sanctions then? Even your own graph shows it leveling off or dropping since the sanctions were imposed. While Russia's is rising.

**harrybarracuda** · 11-06-2022, 07:39 AM

Originally Posted by OhOh

The post is regarding NaGaStan inflation, which was created by NaGaStan economic leader's inadequacies.

Well it's more about how Puffy has fucked things up for everyone. He really should just do the decent thing and top himself.

**OhOh** · 11-06-2022, 01:33 PM

Originally Posted by pickel

Even your own graph shows it leveling off or dropping

I'm not sure which graph you are referring to.

Here is a monthly one from the Bloomburg/BLS. It shows a new step-up, higher than the previous high from two months ago. Not levelling off or dropping. CPI, 0.1 % from April (8.5%) up, in a continuous rise, from the May 2020 low point of 0.1%, excluding a figure of 8.2% in March 2022.

If you utilise the "excluding food and energy" red line you may be correct.

But I suspect most NaGaStan citizens consume food and energy.

US Inflation Quickens to 40-Year High, Pressuring Fed and Biden

Consumer price index rose 8.6% in May annually,

Bloomberg - Are you a robot?

Bloomberg - Are you a robot?

In May 2021 inflation was 5.0, in May 2022 it is 8.6. An increase of 3.6 or 72%.

**OhOh** · 11-06-2022, 01:49 PM

10 Jun, 2022 20:08 Home World News

Biden attempts to blame Putin for inflation

Responding to the worst inflation in 40 years, the US leader has stuck with blaming Russia

Biden attempts to blame Putin for inflation — RT World News10 Jun, 2022 12:45 Home World News

US Treasury boss identifies side effects of sanctions against Russia

Janet Yellen says restrictions on Moscow have a “huge” impact on America’s soaring food and energy prices.

https://www.rt.com/news/556940-russi...on-gas-prices/

10 Jun, 2022 14:59 Home Business News

US inflation accelerates to 40-year high

Rising gasoline, food and shelter costs drove much of the increase, data shows

https://www.rt.com/business/556949-us-inflation-40-year-high/

10 Jun, 2022 12:55 Home Business News

Baltic nation to see gas tariffs double

Latvian households face higher energy bills after the country halts Russian supplies

https://www.rt.com/business/556927-latvia-double-gas-tariffs/

10 Jun, 2022 10:37 Home World News

Hungary's Orban issues grim warning about European economy

An embargo on Russian gas would “ruin the whole European economy,” Viktor Orban says

https://www.rt.com/news/556925-eu-gas-embargo-orban/

10 Jun, 2022 12:24 Home Business News

Russia restores interest rate to February mark

The Central Bank says inflationary risks continue to subside

"The Central Bank of Russia (CBR) slashed its key interest rate on Friday from 11% to 9.5%. The regulator noted that inflation in the country shows signs of easing.

“The external environment for the Russian economy remains challenging and significantly constrains economic activity. At the same time, inflation is slowing faster and the decline in economic activity is of a smaller magnitude than the Bank of Russia expected in April,” the CBR’s statement reads. It also indicated that further rate reductions may follow.

The CBR more than doubled rates in February, from 9.5% to 20%, after Russia was hit with an avalanche of sanctions by the US, EU, and other countries. The hike was intended to prop up the ruble, which fell to record lows. The Russian currency has since recovered to multi-year highs.
The regulator also stated on Friday it expects annual inflation to be 14%-17% this year, before dropping to between 5% and 7% in 2023, and returning to its 4% target in 2024."

https://www.rt.com/business/556931-russia-cuts-interest-rate/

Consumer price inflation, UK: April 2022

"The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 7.8% in the 12 months to April 2022, up from 6.2% in March.
The largest upward contributions to the annual CPIH inflation rate in April 2022 came from housing and household services (2.76 percentage points, principally from electricity, gas and other fuels, and owner occupiers' housing costs) and transport (1.47 percentage points, principally from motor fuels and second-hand cars)."

https://www.ons.gov.uk/economy/infla...tion/april2022

China inflation risk ‘modest’ as consumer costs rise amid lockdown pressure, factory-gate prices ease

China’s consumer price index (CPI) rose by 2.1 per cent in April from a year earlier, up from a rise of 1.5 per cent in March

https://www.scmp.com/economy/economic-indicators/article/3177257/china-inflation-consumer-costs-rise-factory-gate-prices

Headline inflation in May hits 13-year high

Core CPI increased 2.28% year-on-year

published : 7 Jun 2022 at 08:00

"Thailand's headline inflation, gauged by the consumer price index (CPI), hit a 13-year high in May, largely attributed to the rise in energy and food prices"

https://www.bangkokpost.com/business...s-13-year-high

**pickel** · 11-06-2022, 01:57 PM

Originally Posted by OhOh

I'm not sure which graph you are referring to.

Originally Posted by OhOh

If you utilise the "excluding food and energy" red line you may be correct.

And if you'll use your brain you will see the dates at the bottom of the graph and notice it level off or go down when the sanctions were put in place. Perhaps you shouldn't have cut my quoted sentence in half. Bit disingenuous of you, but that's no surprise.

**DrWilly** · 11-06-2022, 02:01 PM

Originally Posted by pickel

Bit disingenuous of you, but that's no surprise.

Part of his MO.

**Neverna** · 11-06-2022, 04:02 PM

The "Putin tax" on Americans. Gotta love it. Sanctions effect boomerang.

**bsnub** · 11-06-2022, 04:09 PM

Originally Posted by Neverna

The "Putin tax" on Americans. Gotta love it. Sanctions effect boomerang.

The inflation was already up before the Russian sanctions. Things are a lot worse in Russia. Interesting to see you cheering for the other side again.

**Neverna** · 11-06-2022, 04:15 PM

Originally Posted by bsnub

The inflation was already up before the Russian sanctions. Things are a lot worse in Russia. Interesting to see you cheering for the other side again.

I'm not cheering for anyone, snubs. The "Putin tax" on Americans was a quote by Biden. Biden says the price rises on food and gas are a "Putin tax".

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