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    Russia and economic war by the west

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    owais.usmani


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    Post  owais.usmani Tue May 24, 2022 12:50 pm

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    Gazputin


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    Russia and economic war by the west - Page 35 Empty India co-operation

    Post  Gazputin Tue May 24, 2022 1:21 pm

    I remember reading a while ago
    that India was very interested in Russia's expertise in designing and building shallow draft river transport ships - barges etc

    I can't find the article
    but they estimated an impressive increase in export profit across multiple product categories
    by getting goods produced inland more cheaply to coastal ports by more efficient river transport

    sounded like a great idea to me

    Russia has shipyards all along the Volga etc - that just do river craft and decades of experience













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    flamming_python
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    Post  flamming_python Tue May 24, 2022 2:49 pm

    Latest news is negotiations between Russia and Turkey on Turkish brands replacing departing foreign brands in Russia thumbsup
    This follows similar negotiations with Iran earlier

    I presume we're mostly talking clothes here as that's where Turkey's strength is, and we probably have enough kebab variety here already dunno

    Russia should hold the same negotiations with India, Vietnam, Bangladesh, Indonesia, friendly Arabic nations, Serbia, maybe even Latin American and African countries if they have something competitive to offer considering the logistical costs.
    China and the CIS states are generally well-represented already of course, but they're welcome to expand.

    We need to substitute several classes of retail products: clothes & fashion accessories, home appliances & furniture, most types of luxury products, pharmaceuticals, cosmetics, electronics, cars/motorcycles
    In terms of supermarket goods, confectioneries, fast-food, jewellery, trucks/vans, etc... foreign companies were present but never dominant anyway, we lose less here
    And things like sport goods, toys, etc.. are mostly occupied by China and other non-Western brands/producers anyway

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    Kiko
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    Post  Kiko Wed May 25, 2022 1:40 am

    It's certain that if Anton Siluanov  offers to pay for due US bond payment in new shekels then the infamous Yellen and the kosher Ukrainian borscht cooks of chief circus clown Tony and cookie baker Vicky would instantly agree.

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    Gazputin


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    Russia and economic war by the west - Page 35 Empty Turkey whitegoods

    Post  Gazputin Wed May 25, 2022 3:14 am

    Turkey is a massive player in the whitegoods market
    they dominate the low-mid end of EU sales
    and I believe they are the world's 2nd biggest whitegoods manufacturer after China ....

    some famous Turkish brands are
    Arcelic, Beko , Vestel

    I suspect their sales will only increase in the EU when the morons start paying twice as much for gas and oil ....

    meanwhile
    I read in disbelief what that complete moron Ursula von der Hair-gel said the other day
    "ooooo we hev to bee ready for when Russia decides to sell its oil at a greater price to someone other than to us !"

    .... how dare the Rus sell oil to someone who will pay a higher price !
    such a deluded sense of entitlement .....

    she doesn't need a brain transplant .... she needs one installed that was missing at birth ....


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    ALAMO


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    Post  ALAMO Wed May 25, 2022 6:27 am

    Gazputin wrote:Turkey is a massive player in the whitegoods market
    they dominate the low-mid end of EU sales
    and I believe they are the world's 2nd biggest whitegoods manufacturer after China ....
    some famous Turkish brands are
    Arcelic, Beko , Vestel
    I suspect their sales will only increase in the EU when the morons start paying twice as much for gas and oil ....
    meanwhile

    Beko is already well established in the EU, while the other brands might have a local applications I suppose.

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    GarryB
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    Post  GarryB Wed May 25, 2022 9:19 am

    The post above about rerouting cargo might come as a shock to western politicians with their morals and ethics, but it does not matter what they say... business is business and if you have to set up an intermediary company between you and this weeks bad guys then so be it.

    Most of the west let alone the rest of the world could care less about western morals and ethics if it means they can't fly around in planes because the titanium bits in the engines come from Russia and Russia is considered bad today.

    The Russian parts that go into engines and computers and other things will still be made and still be sold but a third party will buy them from the bad people we are not supposed to be talking to and then they sell the Russian products to us... making their own profit of course so we end up buying the same stuff from the same people but we get to pay more for it and someone else in the middle makes some money... nothing changes... no wars are stopped... nothing is fixed... but we feel all high and mighty paying an extra few dollars for out petrol or milk or whatever.

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    Scorpius
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    Post  Scorpius Wed May 25, 2022 2:18 pm

    Russia and Iran have agreed to move to the highest possible level of mutual settlements in national currencies. The countries are discussing the integration of the Mir and Shetab payment systems (Iran's payment system), as well as the operation of national financial message transmission systems. This was announced by the co-chairman of the intergovernmental commission of Russia and Iran, Deputy Prime Minister of the Russian Federation Alexander Novak.
    https://n.tass.ru/ekonomika/14722989

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    Gazputin


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    Russia and economic war by the west - Page 35 Empty re Iran currency news - Northern Rail Route ?

    Post  Gazputin Wed May 25, 2022 2:39 pm

    "Russia and Iran will unite their national payment systems, which will work on the territory of both countries, and will also switch to national currencies as much as possible in mutual settlements.
    Given Iran's influence in the Shiite world, this opens up additional opportunities for the spread of the Russian payment system."

    I wonder if another implication of this is the development of that Northern Trade Route from India to Russia ?
    via Iran port .... then Iran rail .... through Azerbaijan .... then to Russia

    https://www.russia-briefing.com/news/russia-connecting-india-via-international-north-south-transport-corridor.html/






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    Gazputin


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    Russia and economic war by the west - Page 35 Empty Zelensky's parents new beach pad in Israel

    Post  Gazputin Wed May 25, 2022 2:57 pm

    The parents of Vladimir Zelensky received Israeli citizenship and became the owners of a country house in the city of Rispon worth $ 8 million.
    the Area of the house is 950 square meters, a small pool for 9 tons of sea water and a 120 meter house for protection.

    Four bodyguards from among the former SAS fighters guard the peace of the elderly Zelensky couple, with a monthly cost of the security company's services of £ 12k plus the maintenance of two armored Lexus LX.

    The neighbors of the parents of the President of Ukraine were relatives of Igor Kolomoisky and Gennady Bogolyubov, and Mikhail Prokhorov settled in 10 minutes on foot. - IA REGNUM


    .... let me guess ... Israel just "received" a weapons supply contract from Ukraine ....

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    flamming_python
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    Post  flamming_python Wed May 25, 2022 4:11 pm

    Gazputin wrote:Turkey is a massive player in the whitegoods market
    they dominate the low-mid end of EU sales
    and I believe they are the world's 2nd biggest whitegoods manufacturer after China ....

    some famous Turkish brands are
    Arcelic, Beko , Vestel

    I suspect their sales will only increase in the EU when the morons start paying twice as much for gas and oil ....

    meanwhile
    I read in disbelief what that complete moron Ursula von der Hair-gel said the other day
    "ooooo we hev to bee ready for when Russia decides to sell its oil at a greater price to someone other than to us !"

    .... how dare the Rus sell oil to someone who will pay a higher price !
    such a deluded sense of entitlement  .....

    she doesn't need a brain transplant .... she needs one installed that was missing at birth ....



    That's right, Turkey is a player in all sorts of home appliances, as well as in pharma, and even some types of consumer electronics

    They can go a long way to replacing exiting Western brands

    But of course Russia owes no favours to Erdogan. It's strictly business on both ends. And it's necessary to invite the companies of other countries to enter the Russian market as well, and give competition

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    Mig-31BM2 Super Irbis-E


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    Post  Mig-31BM2 Super Irbis-E Wed May 25, 2022 4:59 pm

    Gazputin wrote:"Russia and Iran will unite their national payment systems, which will work on the territory of both countries, and will also switch to national currencies as much as possible in mutual settlements.
    Given Iran's influence in the Shiite world, this opens up additional opportunities for the spread of the Russian payment system."

    I wonder if another implication of this is the development of that Northern Trade Route from India to Russia ?
    via Iran port .... then Iran rail .... through Azerbaijan .... then to Russia

    https://www.russia-briefing.com/news/russia-connecting-india-via-international-north-south-transport-corridor.html/
    Nice, finally!
    A new railway line from the Caspian Sea to the very south near Pakistan to the harbor would be nice. There a Russian base including Airbase. After all, trade routes have to be made safer.

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    flamming_python
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    Post  flamming_python Wed May 25, 2022 5:31 pm

    Mig-31BM2 Super Irbis-E wrote:
    Gazputin wrote:"Russia and Iran will unite their national payment systems, which will work on the territory of both countries, and will also switch to national currencies as much as possible in mutual settlements.
    Given Iran's influence in the Shiite world, this opens up additional opportunities for the spread of the Russian payment system."

    I wonder if another implication of this is the development of that Northern Trade Route from India to Russia ?
    via Iran port .... then Iran rail .... through Azerbaijan .... then to Russia

    https://www.russia-briefing.com/news/russia-connecting-india-via-international-north-south-transport-corridor.html/
    Nice, finally!
    A new railway line from the Caspian Sea to the very south near Pakistan to the harbor would be nice. There a Russian base including Airbase. After all, trade routes have to be made safer.


    Iran won't allow an airbase but I'm sure they can ensure the security of the trade route themselves. With a few squadrons of freshly delivered Su-30SMEs that is

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    GunshipDemocracy
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    Post  GunshipDemocracy Wed May 25, 2022 7:37 pm

    China and Russia will help establish a new financial order in the world

    MOSCOW, May 25 - RIA Novosti. China and Russia will help establish a new financial order in the world, Breno Altman (Brazil), CEO and publisher of the Internet portal Opera Mundi, believes.
    "China and Russia will also help us establish a new financial order in the world. The flow of capital that will not be controlled by the dollar empire. I think SWIFT , from which some "objectionable" countries are now disconnected, is because we are dealing with the empire of the dollar, because they have the ability to block countries. It is necessary to create other financial flows, because then we will ensure that the United States loses the power to control all financial flows," the expert said during a video bridge with Latin American countries organized by the media group " Russia today".
    After the start of a special operation to demilitarize Ukraine , the EU adopted five packages of sanctions against individuals, organizations, the financial sector and energy in Russia. Financial sanctions affected the reserves of the Central Bank of the Russian Federation. In addition, seven Russian banks are disconnected from the SWIFT system.
    https://ria.ru/20220525/poryadok-1790697186.html?rcmd_alg=COL6&rcmd_id=1790663190






    flamming_python wrote:

    Iran won't allow an airbase but I'm sure they can ensure the security of the trade route themselves. With a few squadrons of freshly delivered Su-30SMEs that is

    not sure, if MiG-35 wouldn't be a better option for Iran. More fighters for a price and when you don't plan long interdiction missions they still are great at area defence.

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    Post  rigoletto Wed May 25, 2022 8:57 pm

    Does those or others Turkish brands have professional/industrial kitchen appliances available?

    Just curious if there are options that match the quality of Electrolux and similar.

    Thank you.
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    Post  Kiko Wed May 25, 2022 9:38 pm

    Analysts expect the key rate to be cut by at least 2 p.p.

    The decision will slow down the strengthening of the ruble and lead to an increase in the cost of OFZ.

    On Thursday, May 26, the Bank of Russia will hold an extraordinary meeting of the Board of Directors on the key rate, the decision will be published at 10:30 Moscow time, a representative of the regulator said. This year it will be the third unscheduled meeting, and they have not been announced before. Estimates of analysts polled by Vedomosti differed, but most of them expect a reduction in the key rate by at least 2 percentage points (p.p.): from 14 to 12%.

    Experts believe that the Bank of Russia did not wait for the scheduled meeting due to a sharp slowdown in inflation, lower inflation expectations in May and the rapid strengthening of the ruble.

    Four out of 11 analysts surveyed predict that the Central Bank will lower the rate by 2 percentage points, two - by 1-2 percentage points. Four more experts allow a reduction by 2-3 percentage points, and one - by 4 percentage points at once.

    According to the Central Bank, inflation expectations of Russians in May decreased for the second month in a row and amounted to 11.5% - 1 percentage point lower than in April. The indicator decreased against the backdrop of the strengthening of the ruble and the preservation of positive expectations regarding the economic prospects of Russia, noted the Central Bank.

    On May 25, Rosstat is to publish data on the consumer price index for May 14-20. In the period from May 7 to May 13, inflation slowed to 0.05% from 0.12% a week earlier. In annual terms, inflation as of May 13, according to the Ministry of Economic Development, amounted to 17.69%. In April, the figure was 17.83% in annual terms compared with 16.69% in March, follows from Rosstat data. According to the forecast of the Ministry of Economic Development, presented last week, inflation in 2022 is projected at 17.5%.

    https://www.vedomosti.ru/economics/articles/2022/05/25/923567-analitiki-ozhidayut-snizheniya-stavki

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    Gazputin


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    Russia and economic war by the west - Page 35 Empty re Whitegoods in Europe

    Post  Gazputin Wed May 25, 2022 10:22 pm

    I did a stint at Electrolux
    the Swedes are a bunch of complete bureaucratic idiots ... drivel like "matrix management" ....
    "hoody hoody hoo ..... oooo we must have all stakeholders involved in the decisionmaking !
    ooooo ..... why is everything taking so long to take place !"
    they had Lotus notes signoff systems and every corporate snake wanting to big note himself
    wanted his name up in lights - and you were "important" if you were on the "sign-off" list
    the sign-off lists would end up with 20-30 parasites .... who you had never even met

    then they wanted Powerpoint presentations on every fn thing
    next thing we knew their IT dept was saying that they were running out of storage capacity
    and the Lotus Notes system was grinding the system to a halt

    "ooo we musta hev a mtrix management meeting to discuss the possible consequences of making a partial decision
    to decide whether to make a decision "

    I personally believe the EU Parliament is modelled on Electrolux .....
    "hoody hoody hoo ..... matrix management ...."

    the real core of the company was the Italians via the Zanussi company - its brand in Italy was Rex
    Zanussi had a big footprint in Italy
    cooking in Forlie, washing in Pordenone near Venice, Dishwashers in Milan, Fridges near Venice too
    when I left they were busy moving Italian factories into Poland for cheaper production

    Electrolux is controlled by the Wallenbergs - a Swedish dynasty with Jewish roots
    https://en.wikipedia.org/wiki/Wallenberg_family
    fingers in pies and cash registers everywhere

    apparently the brains of Zanussi family was killed flying on their private jet
    and only 1 or 2 family halfwits were left alive - and they eventually sold to the Swedes
    quite ironic that halfwits sold to halfwits .....

    I used to ask the Italians
    "how the hell did these fuckwits take you guys over ?"
    "every day we ask ourselves the same very question" was the reply

    re Turkish brands
    generally everyone copies Bosch appliances ... they are the biggest players
    and most brands position themselves around them
    general hierarchy used to be German, then Italian ... then others
    thing is when Italy adopted the Euro its cost structure was suddenly similar to German stuff ....
    in fact most Italian manufacturing was wrecked by adopting the euro ....
    as they couldn't use their currency any more to have lower cost of production

    Bosch has grown organically - Electrolux grew by buying up disparate businesses being offloaded by corporations wanting out of the industry
    they are no.1 and 2 ..... think Ariston group in Italy is no.3 .... then the Turks

    thing is re whitegoods most of them follow modular dimensions .... 600mm wide ..... that fit under a bench 900mm high
    so every brand eventually uses the same design .... you just end up in the same place

    add to that the demented energy labelling etc
    and most operate the exact same way to achieve the same energy goals
    so modularity and energy labelling is driving every brand to be much the same
    the other thing destroying "brand equity" is long warranties .... re acceptance of "new brands"

    so then you are stuck in a commodity war .... and that is basically the lowest cost producer wins
    hence your factories migrate to "low cost" producers
    like Poland ... and Turkey
    Spain used to be considered a "low cost" country ....

    Bosch were very good at it
    they used "setup" teams of Germans
    that went and ran the place for 1-2 years to indoctrinate the locals in the "Bosch" way of doing things
    then that same team .... moved onto the next "low cost" country factory
    Swedes .... no comment

    and you can bet there being so many Turks living in Germany
    that many former Bosch employees migrated back to Turkey to work at Beko

    and lets face it .... to "reduce costs" most components become common across all brands too ....

    same thing no doubt is happening in cars in europe .....
    welcome to the fucked up 21st century

    first thing we used to do when looking at a competitors model ?
    we weighed it .... to see if they had found a way to use less materials in it ....
    I'm serious ....

    I am sure the car guys probably do that too ..... material = cost

    the industries are generally following society
    the hollowing out of the middle middle class ..... where Italian products used to live
    the consequent growth of the lower middle class ..... Turkish and Chinese brands etc
    and then a wealthy smaller upper middle class ..... German brands

    cars are much the same .... as appliances

    hope that was entertaining for you guys  .... cheers

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    Post  rigoletto Wed May 25, 2022 11:22 pm

    @Gazputin I end up knowing more about the subject than I wanted; however I still don't know what is
    the best Turkish brand for professional kitchen appliances. I could not find «Beko Professional» or something.

    Thank you.

    [EDIT]

    Ok. I found this «Pimak» company. Should be what I am looking for, and we are going outside the topic too.
    caveat emptor
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    Post  caveat emptor Thu May 26, 2022 2:16 am

    Gazputin wrote:I did a stint at Electrolux
    the Swedes are a bunch of complete bureaucratic idiots ... drivel like "matrix management" ....
    "hoody hoody hoo ..... oooo we must have all stakeholders involved in the decisionmaking !
    ooooo ..... why is everything taking so long to take place !"
    they had Lotus notes signoff systems and every corporate snake wanting to big note himself
    wanted his name up in lights - and you were "important" if you were on the "sign-off" list
    the sign-off lists would end up with 20-30 parasites .... who you had never even met

    then they wanted Powerpoint presentations on every fn thing
    next thing we knew their IT dept was saying that they were running out of storage capacity
    and the Lotus Notes system was grinding the system to a halt

    "ooo we musta hev a mtrix management meeting to discuss the possible consequences of making a partial decision
    to decide whether to make a decision "

    I personally believe the EU Parliament is modelled on Electrolux .....
    "hoody hoody hoo ..... matrix management ...."
    Hahaha
    I don't think that is only in Electrolux, but that this is Swedish way of doing things
    My friend owns a small construction and architecture company there and after 3 years he doesn't employ Swedes anymore. When i visited before covid, i was part of few "business" meetings.  Most of the meetings were spent on stories about pets and last therapy session. 
    It's not enough to say that i was in a shock. What a bunch of mongrels.
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    Post  Kiko Thu May 26, 2022 10:25 am

    The Central Bank lowered the key rate to 11%, 26.05.2022

    The Bank of Russia announced that it allows the possibility of reducing the key rate at the next meetings.

    MOSCOW, May 26. /TASS/. The Bank of Russia at an extraordinary meeting of the Board of Directors reduced the key rate immediately by 3 percentage points - to 11% per annum, follows from a press release from the regulator.

    "The Board of Directors of the Bank of Russia decided to reduce the key rate from May 27, 2022 by 300 bp, to 11.00% per annum. The latest weekly data indicate a significant slowdown in the current price growth rates. The dynamics of the ruble exchange rate, along with with a noticeable decrease in inflationary expectations of the population and business," the Central Bank points out.

    Annual inflation in the Russian Federation in April reached 17.8%, as of May 20 it slowed down to 17.5%.

    At the same time, external conditions for the Russian economy remain difficult. "This significantly limits economic activity. Risks to financial stability have eased somewhat, allowing for the easing of individual capital controls," the report says.

    The Bank of Russia indicated that it allowed the possibility of reducing the key rate at the next meetings. The next scheduled meeting of the Central Bank will be held on June 10.

    https://tass.ru/ekonomika/14733163

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    Post  Kiko Thu May 26, 2022 5:27 pm

    In the medium and long term, Russia should allow other commodities' exports for rubles (oil, coal, wheat, sunflower oil, fertilizers?) schemes beside gas, and have other banks beside Gazprombank "feeding up" the currency market at the MSE.


    Last edited by Kiko on Thu May 26, 2022 7:30 pm; edited 1 time in total

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    Post  flamming_python Thu May 26, 2022 6:00 pm

    GunshipDemocracy wrote:China and Russia will help establish a new financial order in the world

    MOSCOW, May 25 - RIA Novosti. China and Russia will help establish a new financial order in the world, Breno Altman (Brazil), CEO and publisher of the Internet portal Opera Mundi, believes.
    "China and Russia will also help us establish a new financial order in the world. The flow of capital that will not be controlled by the dollar empire. I think SWIFT , from which some "objectionable" countries are now disconnected, is because we are dealing with the empire of the dollar, because they have the ability to block countries. It is necessary to create other financial flows, because then we will ensure that the United States loses the power to control all financial flows," the expert said during a video bridge with Latin American countries organized by the media group " Russia today".
    After the start of a special operation to demilitarize Ukraine , the  EU adopted five packages of sanctions against individuals, organizations, the financial sector and energy in Russia. Financial sanctions affected the reserves of the Central Bank of the Russian Federation. In addition, seven Russian banks are disconnected from the SWIFT system.
    https://ria.ru/20220525/poryadok-1790697186.html?rcmd_alg=COL6&rcmd_id=1790663190






    flamming_python wrote:

    Iran won't allow an airbase but I'm sure they can ensure the security of the trade route themselves. With a few squadrons of freshly delivered Su-30SMEs that is

    not sure, if MiG-35 wouldn't be a better option for Iran. More fighters for a price and when you don't plan long interdiction missions they still are great at area defence.

    To be honest, MiG-31BMs would be the best option for Iran, but they're out of production

    The Su-30SMs can double as an interceptor; they'd be a good fit for Iran to replace its F-14s finally.
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    Post  ATLASCUB Thu May 26, 2022 7:32 pm

    "Soft" threats on the oil pipeline feeding Hungary, compounded by the supposed ban on shipped oil through ports will box Hungary in a very tight box. Interesting developments. Turkstream only alleviates one sector (gas).
    lancelot
    lancelot


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    Russia and economic war by the west - Page 35 Empty Re: Russia and economic war by the west

    Post  lancelot Thu May 26, 2022 9:03 pm

    With regards to Hungary and Serbia, I would not be surprised if in a month, or around that, once Bulgaria runs out of gas in storage, Bulgaria resorts to stealing gas from Hungary and Serbia like Ukraine used to do. If they do that then Russia should just cut the gas supply to the EU via TurkStream and divert the gas to Turkey or TAP period.

    Below, the US is already resorting to piracy in the high seas.

    https://www.reuters.com/world/europe/us-seizes-iranian-oil-cargo-near-greek-island-sources-2022-05-26/

    U.S. seizes Iranian oil cargo near Greek island

    LONDON/ATHENS, May 26 (Reuters) - The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said.

    It was unclear whether the cargo was impounded because it was Iranian oil or due to the sanctions on the tanker over its Russian nexus. Iran and Russia are facing separate U.S. sanctions.

    The Iranian-flagged ship, the Pegas, was among five vessels designated by Washington on Feb. 22 - two days before Russia's invasion of Ukraine - for sanctions against Promsvyazbank, a bank viewed as critical to Russia's defence sector.

    The vessel's Russian owner Transmorflot was subsequently designated on May 8. The tanker, renamed Lana on March 1 and flying the Iranian flag since May 1, has remained near Greek waters since then. It was previously Russian-flagged.

    A source at Greece's shipping ministry said on Thursday that the U.S. Department of Justice had "informed Greece that the cargo on the vessel is Iranian oil".

    "The cargo has been transferred to another ship that was hired by the U.S.," the source added, without providing further details.

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    par far


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    Russia and economic war by the west - Page 35 Empty Re: Russia and economic war by the west

    Post  par far Thu May 26, 2022 9:47 pm

    lancelot wrote:With regards to Hungary and Serbia, I would not be surprised if in a month, or around that, once Bulgaria runs out of gas in storage, Bulgaria resorts to stealing gas from Hungary and Serbia like Ukraine used to do. If they do that then Russia should just cut the gas supply to the EU via TurkStream and divert the gas to Turkey or TAP period.

    Below, the US is already resorting to piracy in the high seas.

    https://www.reuters.com/world/europe/us-seizes-iranian-oil-cargo-near-greek-island-sources-2022-05-26/

    U.S. seizes Iranian oil cargo near Greek island

    LONDON/ATHENS, May 26 (Reuters) - The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said.

    It was unclear whether the cargo was impounded because it was Iranian oil or due to the sanctions on the tanker over its Russian nexus. Iran and Russia are facing separate U.S. sanctions.

    The Iranian-flagged ship, the Pegas, was among five vessels designated by Washington on Feb. 22 - two days before Russia's invasion of Ukraine - for sanctions against Promsvyazbank, a bank viewed as critical to Russia's defence sector.

    The vessel's Russian owner Transmorflot was subsequently designated on May 8. The tanker, renamed Lana on March 1 and flying the Iranian flag since May 1, has remained near Greek waters since then. It was previously Russian-flagged.

    A source at Greece's shipping ministry said on Thursday that the U.S. Department of Justice had "informed Greece that the cargo on the vessel is Iranian oil".

    "The cargo has been transferred to another ship that was hired by the U.S.," the source added, without providing further details.


    The Iranians need to hit back, they can't let this go.

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