Russia and economic war by the west

kvs wrote:Russia will ship its oil to non-EU and non-US customers. EU can source oil from other suppliers.  
The current sanctions spasm is blocking Russian port activity.   These retards are oblivious to their need for fertilizer imports from Russia
and those stocks are stuck in Russian ports.   Really, the major risk here is not from Russia imposing embargoes on exports to the collective
west, but from the retards who run the collective west imposing those embargoes themselves.

I agree. But switching oil inputs is going to be harder for Europe to do than a lot of people think. Russian oil is heavy and is good for making diesel which is what most of Europe uses in the first place. It will require a huge investment to change things around. Fracked oil is also useless since it is mostly lighter elements and you would be hard pressed to even refine gasoline out of it. The US will have to get either Canadian or Venezuelan oil or both into the refineries in the US Gulf Coast. Those are heavy oils good for diesel and aviation gas.

Kremlin does not rule out meeting between Putin and Zelensky - TASS

didn’t see that coming.

Lurk83 wrote:Kremlin does not rule out meeting between Putin and Zelensky - TASS

didn’t see that coming.

On terms of surrender lol.

Zelensky doesn't rule and putin knows it. All about optics.

Western experts: "Ruble will collapse!"

The cost increase should be higher for some routes. As you are required by law to have two crews if the flight takes more than a certain time.

Note that Kiev keeps asking for more anti Russia sanctions while talking of negotiation (maybe on surrender terms), Moscow says Russia will continue the special operation and does not ask for sanctions lifting, whatever.

Arkanghelsk wrote:https://ru.armeniasputnik.am/20220314/eaes-i-knr-razrabotayut-proekt-nezavisimoy-mezhdunarodnoy-valyutno-finansovoy-sistemy-39753506.html

This is big news , apparently March 11 was discussed an international payment system with EAEU and China, using commodity prices to back a currency system

So a new international currency is being developed to trade , that is based on the prices of commodities of a basket of countries,

That is a very big move at the global governance level

That doesn't make sense to me, perhaps it's poorly worded.

How do you back a currency with a commodity price?
A price is something that requires a currency, therefore you are backing a currency with a currency and that doesn't make sense.

Russia and China can issue a common digital currency backed by gold to settle international debt. They both have enough gold, and being a new currency, you can determine the initial exchange rate for gold and how much currency is issued. Also with a digital currency you can program a use by date so investors don't horde it, that way it keeps being used for international settlement rather than speculative investment.

Arkanghelsk wrote:https://ru.armeniasputnik.am/20220314/eaes-i-knr-razrabotayut-proekt-nezavisimoy-mezhdunarodnoy-valyutno-finansovoy-sistemy-39753506.html

This is big news , apparently March 11 was discussed an international payment system with EAEU and China, using commodity prices to back a currency system

So a new international currency is being developed to trade , that is based on the prices of commodities of a basket of countries,

That is a very big move at the global governance level

It might be big news BUT this is NOT a general purpose update thread. Read the F...ing title. Its for UKRAINE

This is not the first time either.

Paging Garry

Washington is getting desperate and is threatening to sanction any country which trades with Russia.

I think the saying that "history repeats as a farce" will apply to the US attempt to restore its Cold War imperial meddling racket.
It could scare up local elites with the menace of commie overthrow in the past but now it is trying to intimidate them like the
mafia.

lancelot wrote:The cost increase should be higher for some routes. As you are required by law to have two crews if the flight takes more than a certain time.

To really put salt in the wound, due to fee collection issues, Russia could offer free overflights to non sanctioned airlines for a period. Then those airlines would not be trading with Russia

Arkanghelsk wrote:Also johninmk don't be mad but:

Guys Elvira Niabiullina is up for nomination June 24

Putin must either renominate her or submit a new candidate to the lower house of congress by no later than March 24

This is hugely important related to news LMFS posted about EAEU

Why put it here?

What is wrong with putting it into the financial thread running in parallel to this one?

Arkanghelsk wrote:Wouldn't you say JohninMk, that the economic news factors into the war In Ukraine?

Many people are wondering what Russian designs are, but they do not take into account the economic development

That's why it's important to make people aware the steps Russia is taking to counter sanctions, and it's designs for Ukraine in the supranational bloc EAEU

Just read the title of the thread.

WTF has sanctions and the other interesting economic news stuff got to do with it?

Don't you understand that there is another thread, at least one, around here more suitable?

If you are not careful all kinds of marginally relevant bits appear and before you know it the thread integrity is shot, it grows like crazy and you can't find the posts actually on subject. Its bad enough now at times.

I'm sure you don't want that, I'm sure most of us don't, so PLEASE keep on topic.

Garry

Can you make this thread a 'sticky' until its over please?

To make it easier to find for one of our posters