Well Switzerland has probably still got money belonging to the Khmer Rouge, Hun Sen, the Nazis, half the Middle East, etc. so protecting ill-gotten gains is not something unusual for them.
Well Switzerland has probably still got money belonging to the Khmer Rouge, Hun Sen, the Nazis, half the Middle East, etc. so protecting ill-gotten gains is not something unusual for them.
Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP
Ukraine’s economy will shrink at a rate eight times that of Russia this year as a result of the war triggered by Moscow’s invasion in February, the World Bank has estimated.
In its latest report on Europe and central Asia, the Washington-based institution said the Ukrainian economy would contract by 35% in 2022, compared with a 4.5% fall in Russian GDP.
Earlier estimates had suggested the Kremlin faced a bigger economic hit this year, but the World Bank said the impact of sanctions had so far been less severe than forecast.
Kyiv has been making military advances in recent weeks, and since April the Ukrainian economy has shown signs of growth. Yet the Bank said recovery would be slow and the cost of repairing the damage inflicted by the war would be enormous. It put the cost at a minimum of $349bn (£303bn) – more than one-and-a-half times the country’s prewar gross domestic product.
Ukraine was already Europe’s poorest country even before the war began in February this year, but more than seven months of conflict meant a third of its population of 44 million had been displaced and 60% were living below the national poverty line.
FULL- Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts | World Bank | The Guardian
Yet another Ukrainian victory.
The Ukrainians should be proud of themselves. They have surpassed the Israelis as the worlds greatest beggars.
^^ Aren't their nice neighbours in the middle of propping them up?
Figures- Clownboy is very demanding, and is djooish too. Runs in the family.
Not even close to what the US gave to Russia to fight real Nazi's.
World War II Allies: U.S. Lend-Lease to the Soviet Union, 1941-1945 - U.S. Embassy & Consulates in RussiaEven before the United States entered World War II in December 1941, America sent arms and equipment to the Soviet Union to help it defeat the Nazi invasion. Totaling $11.3 billion, or $180 billion in today’s currency, the Lend-Lease Act of the United States supplied needed goods to the Soviet Union from 1941 to 1945 in support of what Stalin described to Roosevelt as the “enormous and difficult fight against the common enemy — bloodthirsty Hitlerism.”
You can bet they'll have their begging bowl out for the reconstruction bill too. Those corrupt oligarchs gonna be like pigs rolling in shit.
Well thanks, Pickel
That the bill for WW2 was "costly", would be my guess also
Harder to put a price on death,suffering and sorrow.
I think we were talking about the rebuilding of Ukraine, and I certainly do not hope we are going to reimburse Russia for their expences, so you bringing up corrupt russian oligarchs, are somewhat irrelevant in this instance.
Not given lent, (Lend lease). All repaid by 1993.
War-Related Debts of Other Countries to the U.S. Government
Fact Sheet, released by the Bureau of Economic and Business Affairs
U.S. Department of State, March 1, 2000
"In 1993, Russia signed an agreement with the U.S. in which it acknowledged its liability and agreed to a repayment schedule for the former U.S.S.R.'s Lend Lease debt."
Office of Development Finance, Bureau of Economic and Business Affairs: War-Related Debts of Other Countries to the U.S. Government
A tray full of GOLD is not worth a moment in time.
In fairness, Russia is being rather generous in giving military equipment and supplies to Ukraine.
5 Oct, 2022 15:02
HomeBusiness News
OPEC+ confirms oil production cut
The biggest output reduction since early 2020 has come despite US pressure to pump more.
"OPEC+ member states have agreed an oil production cut of two million barrels per day, a statement published on the group’s website reads.
The reduction, which is the largest cut since early 2020, will take effect in November, the cartel announced on Wednesday.
According to OPEC, the step comes “in light of the uncertainty that surrounds the global economic and oil market outlooks, and the need to enhance the long-term guidance for the oil market, and in line with the successful approach of being proactive, and preemptive, which has been consistently adopted” by the group.
The cuts are much harsher than most experts had anticipated earlier this week, and are now expected to stem the latest drop in global prices for crude.
Energy ministers from the OPEC+ group led by Saudi Arabia and its allied non-members, including Russia, have held a meeting at the cartel’s Vienna headquarters on Wednesday for the first time since the start of the pandemic in early 2020.
The decision on output reduction comes despite intense lobbying by the White House to keep oil production at current levels or higher – something US President Joe Biden had hoped to secure during his visit to Saudi Arabia in July.
On Tuesday, CNN cited an unnamed senior official as saying that Washington had mobilized all available resources ahead of the oil cartel gathering, with the Biden administration “having a spasm and panicking.” The efforts were described as “taking the gloves off.” Some of the talking points drafted by the US administration suggested the potential cut would be viewed as “a hostile act” and a “total disaster.”
Meanwhile, most officials from OPEC+ member states said any reduction would be a “technical, not a political decision” and cited a “risk of recession” as contributing to the cuts, as they entered the OPEC headquarters in Vienna.
Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE), said that OPEC+ is a “technical organization,” when asked whether the proposal would potentially damage relations with the US."
OPEC+ confirms oil production cut — RT Business News
5 Oct, 2022 21:45 HomeWorld News
Saudi Arabia responds to US oil accusations
“Show me” the hostile act, Saudi energy minister says in response to claim OPEC weaponized energy.
"OPEC leaders on Wednesday rejected insinuations that they were weaponizing energy, as Washington accused the organization of “siding with Russia.” The OPEC+ group announced it would be cutting production starting in November, in order to deal with the uncertainty on the global market.
“Are you using energy as a weapon?” Hadley Gamble of CNBC asked the energy minister of Saudi Arabia, Prince Abdulaziz bin Salman at a press conference in Vienna on Wednesday.
“A very provocative question… which I take pleasure in answering, Hadley,” Prince Abdulaziz replied".
"Show me where is the act of belligerence. Period."
https://www.rt.com/news/564132-opec-enery-weapon-saudi/
Last edited by OhOh; 06-10-2022 at 03:05 PM.
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