Economic sanctions

**HermantheGerman** · 02-08-2022, 12:35 PM

Originally Posted by sabang

.....and the world is moving away from the USD as the sole, or even main de facto international trade currency.

If I would get a dollar for every time I read this idiotic statement I would be a millionaire.

Stick to Putler propaganda

**sabang** · 02-08-2022, 01:14 PM

China Russia trade- yuan & rubles
Natural gas to Europe- rubles
Russia India trade- rupee or ruble
Some iron ore exports Aust/ China- yuan
Some mid east oil exports now in yuan

All of this has happened in the last few months. BRICS expansion, forming their own international trade bank, and looking at forming an artificial 'basket of currencies" for international trade, also. Have another dollar for reading that.

**OhOh** · 02-08-2022, 01:45 PM

1 Aug, 2022 21:11 Home Business News

UK eases anti-Russia sanctions

London has re-allowed the provision of insurance for aircraft, sea vessels and their components to Russia-linked entities .

"London has eased some restrictions it imposed on Russia over the ongoing conflict in Ukraine, allowing companies to provide insurance and reinsurance to entities linked to Russia. The amendment to the ‘General Trade Licence Russia Sanctions – Vessels’ was announced on Monday by the UK Department for International Trade.

“The General Licence has been revised to remove Regulation 28 (financial services and funds related to restricted goods and restricted technology) from paragraph 1(h),” the department explained in a brief statement.

“This enables the provision of insurance and reinsurance to a person connected with Russia in relation to the items in paragraph 1 (a), subject to the wider restrictions and conditions of the licence,” it added. The aforementioned paragraph mentions sea vessels and aircraft, their component parts, as well as aero gas turbine engines."

UK eases anti-Russia sanctions — RT Business News

**OhOh** · 02-08-2022, 01:59 PM

Ukraine crisis
1 Aug, 14:35

Ship leaves Odessa port with 26,000 tonnes of corn on board — Ukrainian official

The Razoni ship, flying the flag of Sierra Leone, is heading to the port of Tripoli in Lebanon

KIEV, August 1. /TASS/.

"The first ship left the port of Odessa with 26,000 tonnes of corn on board, Ukrainian Infrastructure Minister Alexander Kurbakov said on Monday.

"The Razoni ship, flying the flag of Sierra Leone, is heading to the port of Tripoli in Lebanon. It will travel along a corridor whose safety was confirmed by our guarantor partners, the United Nations and Turkey. There are 26,000 tonnes of Ukrainian corn on board," he wrote on Facebook (an Internet platform banned in Russia since it is owned by Meta corporation deemed extremist by the Russian authorities).

The Turkish Defense Ministry said earlier that the ship was expected to arrive in Istanbul on August 2.
A package of documents aimed at resolving the issue of food and fertilizer supplies to global markets was signed in Istanbul on July 22. Under a Russia-UN memorandum, the United Nations will engage in efforts to lift anti-Russian restrictions preventing the export of agricultural products and fertilizers. Another document creates a mechanism to export grain from Ukraine-controlled Black Sea ports.

The deal inked between Russia, Turkey, Ukraine and the UN provides for the establishment of a four-party coordination center whose representatives will inspect grain ships in order to prevent arms smuggling and false flag operations."

Ship leaves Odessa port with 26,000 tonnes of corn on board — Ukrainian official - World - TASS

Ukraine crisis
1 Aug, 19:28

NATO welcomes first shipment of Ukrainian grain from Odessa

The secretary general also thanked NATO member country Turkey "for its pivotal role".

BRUSSELS, August 1./TASS/.

NATO welcomes the first shipment of Ukrainian grain from Odessa and urges the full implementation of the deal on grain exports, NATO Secretary General Jens Stoltenberg wrote on Twitter on Monday.

"I welcome the 1st shipment of Ukrainian grain from Odessa under the UN-brokered deal," Stoltenberg blogged. "Allies strongly support the full implementation of the deal to ease the global food crisis," he said.

The secretary general also thanked NATO member country Turkey "for its pivotal role". Stoltenberg believes grain shipments will help to ease the global food crisis, blaming it on Russia and its special military operation to denazify and demilitarize Ukraine and failing to mention the role of the western sanctions that have sent up global food and energy prices."

NATO welcomes first shipment of Ukrainian grain from Odessa - World - TASS

2 Aug, 05:37

More ships with grain prepare to leave Ukrainian ports — Turkish ministry

At the moment, preparations and planning are under way to enable more ships transporting grain and food to take to the sea

ANKARA, August 2. /TASS/.

"The Defense Ministry of Turkey said on Monday more ships transporting food and grain were preparing to take to the sea from three Ukrainian ports.

"At the moment, preparations and planning are under way to enable more ships transporting grain and food to take to the sea," the ministry said on Twitter.

According to the statement, the joint coordination center is now monitoring the journey of the Razoni bulk carrier under a Sierra Leone flag, which earlier departed from the port of Odessa to Tripoli, Libya.

The ship, which carries over 26,000 tonnes of corn, became the first ship with Ukrainian grain departing from a Ukrainian port in line with the July 22 Istanbul agreements. It is expected to approach Istanbul at around 15:00 Moscow time on Tuesday."

More ships with grain prepare to leave Ukrainian ports — Turkish ministry - World - TASS

**HermantheGerman** · 03-08-2022, 11:11 AM

Chinkystan sanctions Taiwan

Chinkystan is not worth any more comments. They must be spitting all over the floor because of Pelosi.

**HermantheGerman** · 03-08-2022, 11:22 AM

2 Aug. 2022

Belgium freezes 50 bn euros of Russian assets; in total, $330 bn frozen worldwide

https://euromaidanpress.com/2022/08/02/belgium-freezes-50-bn-euros-of-russian-assets-in-total-330-bn-frozen-worldwide/

**HermantheGerman** · 03-08-2022, 11:24 AM

WASHINGTON, Aug 2 (Reuters) - The United States on Tuesday imposed fresh sanctions on Russia, targeting Alina Kabaeva, a former Olympic gymnast the U.S. Treasury described as having a close relationship with President Vladimir Putin, and Russian companies as part of Washington's latest response to Moscow's invasion of Ukraine.

U.S. targets former Olympic gymnast, steel producer with fresh Russia sanctions | Reuters

**sabang** · 03-08-2022, 11:26 AM

Chinkystan could cripple Taiwan, merely by doing an amerka and freezing all of it's assets in China. And/or imposing a tariff on all Taiwanese exports to their biggest export market- China. But I doubt it will. And of course, if they blockade the place.... Goodbye Nancy.

**HermantheGerman** · 03-08-2022, 11:27 AM

August 02, 2022

Britain, U.S. Broaden Sanctions On Russian Oil Company, Airlines

Britain, U.S. Broaden Sanctions On Russian Oil Company, Airlines

**HermantheGerman** · 03-08-2022, 11:29 AM

Originally Posted by sabang

China Russia trade- yuan & rubles
Natural gas to Europe- rubles
Russia India trade- rupee or ruble
Some iron ore exports Aust/ China- yuan
Some mid east oil exports now in yuan

All of this has happened in the last few months. BRICS expansion, forming their own international trade bank, and looking at forming an artificial 'basket of currencies" for international trade, also. Have another dollar for reading that.

Peanuts...you can keep your BS

**sabang** · 03-08-2022, 11:31 AM

Peanuts.

You funny guy.

**bsnub** · 03-08-2022, 06:44 PM

Originally Posted by sabang

You funny guy.

Actually, you are far more funny in fact a running joke. You are a gullible useful idiot. A clown.

**OhOh** · 03-08-2022, 10:17 PM

West Eases Efforts to Restrict Russian Oil Trading as Inflation and Energy Risks Mount

August 1, 2022

"European governments have eased again on efforts to curb commerce in Russian oil, delaying a plan to close Moscow out of the very important Lloyd’s of London maritime insurance coverage market and permitting some worldwide shipments amid fears of rising crude costs and tighter international vitality provides.

The EU introduced a worldwide ban on the supply of maritime insurance coverage to vessels carrying Russian oil two months in the past, anticipating coordinated motion with the British authorities.

Nonetheless, the UK is but to introduce related restrictions. UK participation is pivotal to the effectiveness of any such ban because London is at the center of the marine insurance business.

In the meantime, Brussels in late July amended some curbs on coping with state-owned Russian firms, citing considerations over international vitality safety.

A joint UK-EU prohibition on maritime insurance coverage would represent probably the most complete restriction up to now on Russian oil, ending entry to a lot of the worldwide tanker fleet for Moscow’s exports.However, US officers have expressed concern that an instantaneous international ban on maritime insurance coverage would push up costs by pulling hundreds of thousands of barrels of Russian crude and petroleum merchandise off the market.

European and British officers advised the Monetary Instances in Might that the UK had agreed with the EU to co-ordinate a ban on insuring Russian oil cargoes.Nonetheless, Britain’s newest sanctions in opposition to Russia, permitted by parliament in July, solely prohibit offering insurance coverage to vessels carrying Russian oil to the UK, and solely after December 31. The laws were launched after the federal government promised to outlaw the import of Russian oil from the top of the 12 months however doesn’t ban the supply of companies to shipments from Russia to different international locations, UK officers mentioned.

The UK Treasury mentioned it was nonetheless exploring the most effective plan of action. “We stand able to impose additional sanctions on Russia and are working at the side of our allies at tempo to make sure these will be carried out with most impact on the Russian economic system,” it mentioned.

The EU’s insurance coverage ban was launched on June 4 and stays in place. It prevents firms within the bloc from writing new insurance coverage for any vessel carrying Russian oil wherever. Present contracts stay legitimate till December 5, when all such enterprises can be banned.

Nonetheless, the EU has amended a part of its personal sanctions to allow European firms to take care of some Russian state-owned entities, akin to Rosneft, for the aim of transporting oil to international locations outdoors the bloc.

European firms will now not be blocked from paying the likes of Rosneft, “if these transactions are strictly vital”, for the acquisition or transport of crude or petroleum merchandise to 3rd international locations, a European Fee spokesperson advised.

The EU mentioned in an announcement that the measures had been taken to “keep away from any potential damaging penalties for meals and vitality safety all over the world”.The White Home has been working since June to push G7 international locations to help a price-cap mechanism that will enable some Russian oil to succeed in third international locations so long as they agreed to pay a below-market value for the cargo.

Officers in Washington mentioned the US and UK nonetheless plan to ban maritime companies, together with insurance coverage, to the point the EU’s ban takes full impact in December. However, they need an oil value cap in place first. US President Joe Biden is eager to cut back gasoline costs earlier than the midterm elections in November.

Sanctions attorneys mentioned the EU seemed to be soft-pedaling its efforts to stem the worldwide circulation of Russian oil, and that there was new uncertainty amongst merchants over the UK’s dedication to a worldwide insurance coverage ban.

Sarah Hunt, an associate at HFW, a legislation agency, mentioned buying and selling homes had been inquiring whether it was now authorized to purchase Rosneft oil to ship to international locations outdoors the EU.

“The brand-new EU sanctions successfully allow the lifting of Russian crude by European firms. We had been shocked by this,” she mentioned.Leigh Hansson, an associate at Reed Smith, one other legislation agency, mentioned the EU’s sanctions modification was a “huge retreat”, including that attorneys had additionally been anticipating “extra sturdy” measures by now from the UK."

West Eases Efforts to Restrict Russian Oil Trading as Inflation and Energy Risks Mount – Arise News

Subscribe to read | Financial Times

**OhOh** · 04-08-2022, 11:12 AM

3 Aug, 2022 19:23 Home Business News

Russian gas giant warns it can’t accept key turbine

Western embargoes make the process impossible, Russian energy giant says

'Western sanctions make it impossible to properly return a turbine for the Nord Stream 1 gas pipeline from Russia to Germany, Russian energy giant Gazprom claimed on Wednesday. The missing equipment has been the key reason for supply cuts."

"On July 29, Markelov said that the delivery of the turbine from Canada to Germany, instead of Russia, did not comply with the contract. In addition, he said that Gazprom has not received from Siemens a complete package of documents that allow the transportation and repair of engines for the gas pipeline."

Russian gas giant warns it can’t accept key turbine — RT Business News

3 Aug, 2022 12:33 Home Russia & FSU

As Lebanon suffers an unprecedented food crisis, Ukraine uses Western support to block flour and wheat from its markets

By making accusations about grain 'stolen' by Russia, Kiev makes Lebanon a target of US-led pressure.

"A Syrian-flagged ship named the Laodicea that docked in the Lebanese port of Tripoli was detained last Saturday, preventing desperately needed flour and barley from reaching people in the Middle East. The move came after Western threats against Beirut and unsubstantiated claims from Kiev that the cargo was stolen from Ukraine. The ship, which has been on a US blacklist since 2015 for allegedly carrying shipments from sanctioned Crimea, is now under investigation."

https://www.rt.com/russia/560047-ukr...n-food-crisis/

3 Aug, 2022 09:15 Home Business News

German ex-chancellor offers solution to EU’s energy crisis

Gerhard Schroeder called for the launch of Russia’s Nord Stream 2 gas pipeline.

"Former German chancellor Gerhard Schroeder has offered “the simplest solution” to Europe’s current energy crisis – to switch on the Nord Stream 2 gas pipeline.Nord Stream 2 "is ready," the former chancellor told German magazine Stern in an interview published on Wednesday.

“The simplest solution would be to put the Nord Stream 2 pipeline into operation. If things get really tight, there is this pipeline, and with both Nord Stream pipelines there would be no supply problem for German industry and German households.” he said.

Otherwise, “you have to bear the consequences. And they will be huge in Germany, too,” Schroeder warned.
The Nord Stream 2 natural gas pipeline runs under the Baltic Sea from Russia to Germany, beside the currently operational Nord Stream 1 route. Its construction was completed last September but the pipeline was denied certification by Germany prior to the crisis in Ukraine. The German government has repeatedly said that launching Nord stream 2 now is out of the question."

https://www.rt.com/business/560125-gerhard-schroeder-nord-stream-gas/

**OhOh** · 04-08-2022, 01:51 PM

How Commodity Traders Are Helping Fund Russia’s War

By Alex Kimani of OilPrice.com

Aug 02, 2022, 5:00 PM CDT

Despite a plethora of sanctions and boycotts, Russia has managed to export nearly a billion dollars worth of fossil fuels per day since its invasion of Ukraine.
Commodity traders from Switzerland, Singapore, and Dubai are acting as middlemen in the energy transactions between Russia and the buyers.
Commodity trading is largely under-recorded and under-regulated, meaning that these transactions are hard to track.

"Despite wide-ranging sanctions and import bans, Russia's vast energy sector continues to thrive, with the country managing to export nearly a billion dollars worth of fossil fuels per day in the first 100 days since its invasion of Ukraine. Indeed, higher crude oil and fuel prices have allowed Russian oil and gas revenues to climb even after the sanctions forced export volumes to dip.

Ultimately, there is no shortage of willing buyers lining up for cheap Russian Urals, nor is there a dearth of middlemen connecting them with Russian energy companies.

Lurking behind the scenes are Switzerland's giant trading houses Vitol, Glencore, and Gunvor as well as Singapore's Trafigura, all of which have continued lifting large volumes of Russian crude and products, including diesel, amid wide-ranging Western Sanctions on Russia."

Economic sanctions-1659468496-o_1g9g0f7r0rkr1kjt3unrse1ogs8-jpg

How Commodity Traders Are Helping Fund Russia’s War | OilPrice.com

**harrybarracuda** · 04-08-2022, 02:25 PM

Don't be fooled by these made up figures, Puffy is begging India and Chinkystan to buy his shit at heavily discounted prices, and they are loving it, as are the other countries taking advantage of their desperation.

**OhOh** · 04-08-2022, 02:56 PM

Originally Posted by harrybarracuda

Don't be fooled by these made up figures

The image data source is Visual Capitalist, a Canadian company, so you maybe correct.

Originally Posted by harrybarracuda

heavily discounted prices

It's one of the advantages, to both countries you name, by agreeing amounts, multi-year, pricing calculation contracts.

Some of the 16% countries, had similar agreements. Which to their regrets, they cancelled, and chose the spot markets pricing.

**sabang** · 04-08-2022, 03:24 PM

The Ruble, isn't Rubble.

Western economic sanctions have backfired, spectacularly.

**Ravers98** · 04-08-2022, 06:07 PM

**Ravers98** · 04-08-2022, 06:08 PM

**bsnub** · 04-08-2022, 06:12 PM

Of course, they obscure the sanctions impact. The fact is what little manufacturing sector (gas station

) exists in Russia it has been basically shut down and that includes the military production.

**OhOh** · 06-08-2022, 12:14 AM

Gazprom

Aug 4 at 19:46

The current anti-Russian sanctions prevent the successful resolution of the situation with the transportation and repair of Siemens gas turbine engines for the Portovaya compressor station, which supplies gas to European consumers via the Nord Stream gas pipeline.

"Currently, only one of the six main gas pumping units (as well as a hot reserve of the same capacity) is in operation at the Portovaya CS. The daily capacity of the CS is no more than 33 million cubic meters of gas per day.

According to the schedule of technical maintenance of gas turbines established by the manufacturer, after the end of the period between overhauls (25 thousand hours), a mandatory overhaul in the factory is required.

A contract was signed with the British company Industrial Turbine Company (UK) Limited (part of the Siemens Energy group of companies) to repair engines at a plant in Canada. In accordance with the contractual terms, the completion date for the repair of engine No. 073 was in May of this year. Immediately after the repair, the engine was to be transferred to Gazprom.

However, due to Canadian sanctions and without the consent of Gazprom, the engine was sent to Germany instead of Russia, which does not comply with the terms of the contract. Canadian authorities have issued engine removal documents, which are in no way related to the current contract, to Siemens Energy Canada Limited, which is not a party to the contract. If the engine is transported to Russia, there is a risk that the Canadian authorities may consider this a violation or circumvention of the conditions of the issued permit. In turn, this may lead to the revocation of the permit and the impossibility of repairing other engines of the Portovaya compressor station in Canada.

The supply of an engine from Canada to Germany also creates risks associated with the application of EU sanctions. In particular, the provisions of EU Regulation 833/2014 (with all amendments and additions) establish that it is prohibited to sell, supply, transfer, sell or export directly or indirectly gas turbine engines, technologies and other goods specified in the sanctions lists, regardless of whether they are produced whether the specified goods or technologies in the EU, any individual or legal entity in Russia or for use in Russia.

In addition, since Industrial Turbine Company (UK) Limited is a party to the contract, it is subject to the requirements of UK law, including sanctions restrictions.
In the absence of official clarifications from the EU and the UK on the application of sanctions, it is not clear that the repair and transportation of gas turbine engines for the Portovaya CS will not be subject to export restrictions.

Similar risks remain for engines No. 072, No. 074 and No. 121 subject to overhaul.

Thus, the sanctions regimes of Canada, the EU, the UK and the inconsistency of the current situation with the current contractual obligations on the part of Siemens make the delivery of engine No. 073 to the Portovaya CS impossible."

Telegram: Contact @gazprom

**sabang** · 06-08-2022, 12:24 AM

We had the bloody Kaiser, we had friggin' Hitler- and now, after all these years, we just see Germany self immolate.

**Backspin** · 06-08-2022, 02:01 AM

Originally Posted by bsnub

Of course, they obscure the sanctions impact. The fact is what little manufacturing sector (gas station

) exists in Russia it has been basically shut down and that includes the military production.

Which must be why the Ruble is one of the best performing currency in the world vs USD.

I tried Youtubing the Russian tank factory tour video from 2 weeks ago but it's taken down. Trying to argue with the biggest propaganda brainwashing exercise since Japan in ww2 is just pointless. Believe what you want. It doesn't matter. Not worth wasting any time on it.

**malmomike77** · 06-08-2022, 02:23 AM

As a cheerleader SoCal, just what do you think would happen if NATO decided to take Russia on?, same with the Chinks?

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