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    Russia and economic war by the west #2

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    Post  flamming_python Mon Sep 05, 2022 2:09 pm

    https://asiatimes.com/2022/09/the-disappearing-russian-tourist/

    The disappearing Russian tourist
    Vacation destinations worldwide feel the pinch as world’s seventh biggest tourism spenders stay home in war time
    by Michael ORegan September 3, 2022

    Tourism destinations globally are seeing a significant hit to their economies as Russians stay at home due to war-related sanctions, with possible long-term effects on international tourism.

    This comes as European countries with Russian borders say they may ban all Russian tourists.

    Russians were the world’s seventh biggest tourist spenders before the pandemic, splashing out US$36 billion annually.

    Vietnam’s Nha Trang, nicknamed “Little Russia”, attracted a large number of Russian tourists before the war. The beach resort saw a fast post-pandemic recovery thanks to the return of Russian tourists in 2019. Russian tourists spent an average of $1,600 per stay in Vietnam, while the average for foreign visitors is $900.

    Upmarket Vietnamese hotels, previously popular with Russian tourists, are almost empty or have been sold. The tour guide business has also been affected.

    Nha Trang isn’t alone. In Thailand’s resort Phuket, shops and bazaars would normally be bustling with Russian tourists. Hotel companies remain uncertain about their future after many Russians canceled their holidays when Russian airlines suspended flights to Phuket in March 2022.
    Tourism resorts around the world have suffered an economic hit with a drop in Russian tourists. Dima Fadeev/Shutterstock

    While foreign arrivals represented 59% of arrivals in Phuket airport before the pandemic, this figure was 35% in the first half of 2022. Now resorts dotted around the globe, from Sharm el-Sheikh in Egypt to Varadero in Cuba, are all suffering economic hits with low hotel occupancy levels, resulting in lost jobs, bankruptcies and falls in income.
    Disappearing visitors

    Turkey attracted seven million Russian visitors in 2019 to tourist destinations such as the Mediterranean resort of Antalya. It was popular with Russians because of its beaches, all-inclusive tour packages and easy-to-obtain tourist visas on arrival. The city saw more than 3.5 million Russian visitors in 2021.

    With forecasts of fewer than 2 million Russian tourists in 2022 and a $3 billion to $4 billion drop in tourism revenues, the change has led to job losses, just as fuel and other prices increase.

    It’s an economic blow, as each tourist in Turkey generates roughly three temporary jobs and each tourism dollar generates up to $2.50 worth of revenue for industries supplying tourist resorts, according to Al Jazeera.

    The fall in tourist receipts and hard currency is putting pressure on the Turkish economy and its currency, as tourism accounted for 13% of GDP before the war and the pandemic.
    Tourism issues

    The EU has already suspended the European Union-Russia visa facilitation agreement, which made it relatively easy for Russians to obtain travel documents. Earlier sanctions had included bans on EU and Russian airlines flying to and from Russia. They also limited Russian tourists’ access to international credit overseas.

    Many wealthy Russian tourists have switched to trips to Dubai. However, high-end shops in New York, London and Milan, and in glitzy destinations like St Moritz and Sölden and popular spa towns such as Karlovy Vary in the Czech Republic, are missing the business of the wealthiest Russian visitors.

    On the French Côte d’Azur, luxury boutique hotels and expensive seafood restaurants have experienced a drop in business. They have not been able to replace wealthy Russian tourists with enough travelers from counties such as Bahrain.

    Smaller countries, which hosted large numbers of Russian tourists as lockdowns eased, including Cyprus, the Maldives, Seychelles and the Dominican Republic found their post-pandemic tourism recovery short-lived.

    Cyprus, whose service industry including tourism, accounts for more than 80% of the economy is at risk of losing up to 2% of annual GDP if Russian and Ukrainian tourists do not return to the country.

    Cuba saw an increase of 97.5% in Russian tourists in 2021, according to the country’s National Office of Statistics and Information. When that market collapsed, Cuba’s economic recovery plans were hit. Russians were expected to account for 20% of Cuba’s visitors in 2022, with far fewer tourists visiting the resort of Varadero.
    Finding alternative visitors

    Thai resorts are hoping for a growth in Middle Eastern visitors and Indians to help fill their hotels. Egypt is looking to increase visitor numbers from Latin America, Israel and Asia. Germans and others, including Iranians, are already replacing Russians in Antalya. In Vietnam, there are efforts to increase visitors from Korea, Japan, Western Europe and Australia.

    However, many destinations were unprepared for the shortfall in Russian tourists, and are not capable of replacing 30-40% of their market with new travelers.

    Now that Russian tourists are canceling trips to the resorts of Crimea as it comes under fire in the Ukraine war, some destinations are hoping Russians seek an escape by transiting through Serbia, Dubai and Qatar. Destinations such as Armenia, Vietnam and Turkey are also embracing the Russian payment system Mir to make it easier for Russian tourists to pay.

    The efforts that destinations are making to replace Russian visitors will take considerable diversification, marketing and time, as tourists from new markets look for different activities. While Vietnam hopes for 5 million tourists in 2022, this is far from the 18 million visitors they received in 2019.

    Even when the war ends, there is little likelihood that tourism will return to normal. Many European countries may not want to welcome Russian tourists for some time.

    It will be interesting to see whether signs written in Russian in the Egyptian beach town of Sharm el-Sheikh or Varadero in Cuba will remain, or be replaced with Chinese or other languages in the upcoming tourist seasons.

    Michael O’Regan, Senior Lecturer in International Tourism Management, Glasgow Caledonian University

    This article is republished from The Conversation under a Creative Commons license.

    Shame about Vietnam and Cuba, Russian tourist travel abroad should be facilitated and the airline situation resolved quickly. Just not to unfriendly countries, that's all Razz

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    Post  Scorpius Mon Sep 05, 2022 5:35 pm

    Once again, it suddenly turned out that these 2% of the world economy, smaller than Italy or the state of Florida, are quite important.

    Now that Russian tourists are canceling trips to the resorts of Crimea as it comes under fire in the Ukraine war
    Once again, an English-language source cannot do without delusional statements.

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    Post  owais.usmani Mon Sep 05, 2022 6:03 pm

    Well who could have known... Rolling Eyes

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    Post  JohninMK Mon Sep 05, 2022 7:43 pm

    Ripped from a MoA poster. Some interesting snippets here:-

    Yep. Here’s a pastiche from telegram + twitter

    > Lithuanian fertilizer plant to close. Achema, Lithuania's largest fertilizer plant is unable to operate with rising gas costs. Natural gas is the main raw material for the production of nitrogen fertilizers, accounting for around 70% of the cost of production.
    > Sweden's largest tomato grower is being forced to shut down because they cannot afford the electricity prices. 500 tons of tomatoes, gone.
    > CERN is drafting plans to idle its particle accelerators, including the Large Hadron Collider, if France runs short of electricity.
    > Fertilizer prices rally as an energy crunch in Europe forces factory closures.
    Common nitrogen fertilizer ammonia in the US rose nearly 24% last week.
    Over two-thirds (!!) of European ammonia production is offline due to high natural gas costs.
    > ArcelorMittal is idling parts of three steel plants due to high energy costs and weaker demand.
    > The world’s second-largest steelmaker, ArcelorMittal, is the latest industrial company to announce a plant closure in Europe due to soaring gas and energy prices
    > BREAKING: The Euro has fallen below 99 US cents, the lowest in two decades
    > EXCLUSIVE: UK gas producers and electricity generators may make excess profits totalling as much as £170 billion over the next two years, according to Treasury estimates.
    > Liz Truss has ruled out a new windfall tax on energy companies. “I don’t think profit is a dirty word, and the fact it has become a dirty word in our society is a massive problem,” she added.
    > Price cap day and it’s grim reading: UK households will pay almost triple the price to heat their homes this winter compared with a year ago.
    > It isn't just German industrial companies -- here a story in Spanish media offering concrete examples of local companies shutting down this week because high energy prices: a ferroalloys smelter, a ceramic tile producer, and a steel furnace.
    > amazing data point that shows what's coming in the inflation pipeline: the cost of turning clay into a ceramic tile has surged 1,047% over the last year. Think about it if you are planning to update your bathroom and/or kitchen (Spain is the 5th world's largest tile producer)
    > Sweden and Finland provide a combined €33 billion in loans and credit guarantees to bail-out local utilities facing margins calls in power and gas markets.
    > Germany levies windfall tax on energy groups to fund €65bn aid package.
    > Moscow has stated that gas supplies to Europe will not resume in full until the west lifts sanctions on Russia.
    > EUROPEAN GAS JUMPS 31%
    > Dutch TTF Gas Futures currently up 31%.
    > MEDVEDEV: Germany is acting as an enemy of Russia. And this guy (Scholz) is surprised that the Germans have some minor problems with gas.
    Germany: a) is an unfriendly country; b) has imposed sanctions against the entire economy of Russia and its citizens; c) supplies Ukraine with lethal weapons directed against our Armed Forces.
    > Egypt is planning to issue international bonds denominated in the Chinese yuan worth more than USD 500 million, instead of issuance in the USD.
    > 28 Estonian companies are seeking exemption from sanctions against Russia so that they can continue to import Russian oil products.
    > Berlin and Leipzig Germany will see the first of a series of planned “Monday protests” against soaring energy bills. Protesters in Berlin will rally from 7pm outside the offices of the Greens under the slogan “Enough is enough — protest, don’t freeze.”
    > Germany will provide Ukraine with new financial assistance in the amount of 200 million euros. The Minister for Economic Cooperation and Development of Germany reported that a significant part of our new assistance should go to the Ukrainian government's program to support internally displaced persons
    > Annual inflation in Turkey reached 80.21% in August - Turkish Statistical Institute

    Posted by: Melaleuca | Sep 5 2022 14:54 utc | 54

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    Post  TMA1 Tue Sep 06, 2022 6:38 am

    Ahh but its Russias fault, Chinas fault, Trumps fault, alt right nazis fault, white males fault, patriarchys fault, etc... it is all so tiresome. Tedious and banal bullshit all the way down the drain. It truly does end in a wimper.

    Any populist movement will just gain more hatred as time goes on. We are dealing with neolibs and neocons who will stubbornly hold onto the steering wheel till we all fly over the cliff.

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    Post  GarryB Tue Sep 06, 2022 8:44 am

    Everybody is so keen to (mis)direct the blame, but no one is looking for solutions...

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    Post  ALAMO Tue Sep 06, 2022 8:54 am

    Let's agree that it is a faults fault Laughing Laughing
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    Post  Belisarius Wed Sep 07, 2022 12:36 am

    Russia and economic war by the west #2 - Page 16 Img_2146
    The gas station with no asphalt and washing machines strikes back
    https://t.me/levigodman/5017

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    Post  GunshipDemocracy Thu Sep 08, 2022 3:22 am

    Ursula oh Ursula!

    Are they really that delusional?! Normally people got a cuckoo in the age of Sleepy Joe but I thought Ursula was a bit younger. Damn...

    https://www.reuters.com/business/energy/eu-propose-price-cap-russian-gas-von-der-leyen-says-2022-09-07/


    BRUSSELS, Sept 7 (Reuters) - The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory EU cut in electricity use and a ceiling on the revenue of non-gas power generators, the bloc's chief said on Wednesday.

    Power and fuel prices have soared as Russia has cut the amount of gas it sends to Europe, with European leaders accusing Moscow of weaponising its energy supplies. Russia has blamed the supply cuts on technical issues and Western sanctions imposed over its invasion of Ukraine.

    "We will propose a price cap on Russian gas ... We must cut Russia's revenues which Putin uses to finance this atrocious war in Ukraine," European Commission President Ursula von der Leyen told reporters.


    ------------------


    The Commission's note suggested setting the price ceiling above production costs, though below current market prices, to encourage Russia to keep on selling to Europe.

    lol1 lol1 lol1

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    Post  sepheronx Thu Sep 08, 2022 3:48 am

    Then Russia will cut gas to them entirely, and then EU will be paying much more from China as it moves from Russia to China to which both parties, Russia and China, will be making even more money.

    Europeans aren't smart.

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    Post  flamming_python Thu Sep 08, 2022 4:29 am

    What the Ukrainians are doing militarily, the EU is doing economically

    Just useless charges and human wave attacks attempting to drown the Russians in their own losses?

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    Post  lancelot Thu Sep 08, 2022 5:31 am

    GunshipDemocracy wrote:Ursula oh Ursula!

    Are they really that delusional?! Normally people got a cuckoo in the age of Sleepy Joe but I thought Ursula was a bit younger. Damn...
    With her, it was never about age. If you could say that Biden was actually a shrewd operator when he was younger, then Ursula was never any good at all. Her stint as German Defense Minister for example was nothing short of a disaster. When Ursula was minister, German soldiers had to train for Afghanistan operations with broomsticks instead of rifles, and the German army mothballed the last of its operational main battle tanks. That is Ursula for you.

    Ursula was "promoted" upwards by the CDU and Merkel into the EU so she would stay out of German politics and give up on being Chancellor. A position which she was unqualified for after failing at was supposedly an easy assignment. Ursula basically failed upwards.

    Biden only got his current position because the person the established Democrats wanted for the job, Kamala Harris, could not win a debate against Tulsi Gabbard. Because Kamala is D-U-M-B and evil.

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    Post  sepheronx Thu Sep 08, 2022 6:17 am

    lancelot wrote:
    GunshipDemocracy wrote:Ursula oh Ursula!

    Are they really that delusional?! Normally people got a cuckoo in the age of Sleepy Joe but I thought Ursula was a bit younger. Damn...
    With her, it was never about age. If you could say that Biden was actually a shrewd operator when he was younger, then Ursula was never any good at all. Her stint as German Defense Minister for example was nothing short of a disaster. When Ursula was minister, German soldiers had to train for Afghanistan operations with broomsticks instead of rifles, and the German army mothballed the last of its operational main battle tanks. That is Ursula for you.

    Ursula was "promoted" upwards by the CDU and Merkel into the EU so she would stay out of German politics and give up on being Chancellor. A position which she was unqualified for after failing at was supposedly an easy assignment. Ursula basically failed upwards.

    Biden only got his current position because the person the established Democrats wanted for the job, Kamala Harris, could not win a debate against Tulsi Gabbard. Because Kamala is D-U-M-B and evil.

    I wish I could fail upwards. Get good comfy jobs by being shit at it.
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    Post  ALAMO Thu Sep 08, 2022 6:31 am

    I will just put your attention to the fact, that at the moment 6 of European countries are ruled by frmales.
    Plus the EU commission chief is a female either.
    We talk about emotions over reasons.

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    Post  owais.usmani Thu Sep 08, 2022 8:48 am

    https://oilprice.com/Energy/Energy-General/Europe-Is-Buying-All-The-Russian-Oil-It-Can-Before-Banning-It.html

    In all fairness, alternative sources of crude oil are abundant. Middle Eastern producers, for example, would be only too happy to sell their oil to Europe. So would Nigeria and Angola. Yet they would be setting the price. One cannot help but wonder if the European Union will start threatening OPEC with a price cap, too.

    lol!

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    Post  Firebird Thu Sep 08, 2022 1:52 pm

    lancelot wrote:

    When Ursula was minister, German soldiers had to train for Afghanistan operations with broomsticks instead of rifles, and the German army mothballed the last of its operational main battle tanks. That is Ursula for you.

    .

    Well, poisonous and retarded old witch that she is, you could imagine Von der Vermin might thing humans could also learn to use broomsticks as a mode of transport.

    Russia and economic war by the west #2 - Page 16 1f602

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    Post  ALAMO Thu Sep 08, 2022 1:55 pm

    Well, you don't want to hear what the folks in uniforms from Germany have to say about her rule Laughing because I don't know such a bad words in English Laughing Laughing Laughing
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    Post  kvs Thu Sep 08, 2022 6:32 pm

    sepheronx wrote:

    I wish I could fail upwards.  Get good comfy jobs by being shit at it.

    You just have to sell your soul to the Devil first.

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    Post  Broski Fri Sep 09, 2022 1:27 am

    Belisarius wrote:Russia and economic war by the west #2 - Page 16 Img_2146
    Not too bad for a "Gas Station with Nukes and an economy smaller than France/Texas/The Queen's Left Fanny Flap."

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    Post  flamming_python Fri Sep 09, 2022 3:09 am

    ALAMO wrote:I will just put your attention to the fact, that at the moment 6 of European countries are ruled by frmales.
    Plus the EU commission chief is a female either.
    We talk about emotions over reasons.

    To be fair, if the EU was ruled by Catherine the Great you wouldn't be gloating Twisted Evil

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    Post  caveat emptor Fri Sep 09, 2022 3:54 am

    lancelot wrote:
    With her, it was never about age. If you could say that Biden was actually a shrewd operator when he was younger, then Ursula was never any good at all. Her stint as German Defense Minister for example was nothing short of a disaster. When Ursula was minister, German soldiers had to train for Afghanistan operations with broomsticks instead of rifles, and the German army mothballed the last of its operational main battle tanks. That is Ursula for you.

    Ursula was "promoted" upwards by the CDU and Merkel into the EU so she would stay out of German politics and give up on being Chancellor. A position which she was unqualified for after failing at was supposedly an easy assignment. Ursula basically failed upwards.

    Biden only got his current position because the person the established Democrats wanted for the job, Kamala Harris, could not win a debate against Tulsi Gabbard. Because Kamala is D-U-M-B and evil.
    Ursula Von der Leyen comes from politically very influential family, Albrecht. That is the secret of her success.

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    Post  GarryB Fri Sep 09, 2022 11:22 am

    Are they really that delusional?! Normally people got a cuckoo in the age of Sleepy Joe but I thought Ursula was a bit younger. Damn...

    Putin has already said that Russia will not sell oil or gas to countries that try to impose a price cap on Russia...

    So that should work out really good for them...

    And when it fails spectacularly watch them race to get their own deal and abandon their morals and ethics.

    Biden only got his current position because the person the established Democrats wanted for the job, Kamala Harris, could not win a debate against Tulsi Gabbard. Because Kamala is D-U-M-B and evil.

    To be fair Tulsi also seems to know what she is talking about.

    I will just put your attention to the fact, that at the moment 6 of European countries are ruled by frmales.
    Plus the EU commission chief is a female either.
    We talk about emotions over reasons.

    Ticking the boxes so they can claim they are equal opportunity employers is more important than having someone competent doing such an important job.

    In all fairness, alternative sources of crude oil are abundant. Middle Eastern producers, for example, would be only too happy to sell their oil to Europe. So would Nigeria and Angola. Yet they would be setting the price. One cannot help but wonder if the European Union will start threatening OPEC with a price cap, too.

    If they could get the volumes they want and need for anything close to the price Russia was selling it for they would have.... this is not about helping Russia... it was about cheap energy... and they have soiled that box themselves.

    To be fair, if the EU was ruled by Catherine the Great you wouldn't be gloating

    And that is the sad thing... this is not about the fact that women can't do the job... this is about these women are not the right women for the job but because they are women they can't be fired so they have to be promoted and this is what you end up with.

    Being born into the right family helps...

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    Post  kvs Fri Sep 09, 2022 2:20 pm

    Global oil supply is not abundant. Transfer of sales from one country to another is an unrelated aspect. Abundance would require
    the discovery and development of major and super-major oil fields. No such fields have been found in decades. Saudi Arabia claimed
    it could pump millions of barrels per day extra out of its fields but that was never true and today you can see this clearly. It has been the
    US with its fracking plays that has surged in domestic production in the late 2000s but it remains a major importer of oil. Russia is in
    the handful of top global exporters of oil. Cutting it off is moronic. The price of oil will surge and there will be real shortages. Palm
    derived biodiesel and corn ethanol will not magically fill the gap.

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    Post  owais.usmani Fri Sep 09, 2022 2:44 pm

    https://oilprice.com/Latest-Energy-News/World-News/At-Least-10-EU-Members-Oppose-A-Price-Cap-On-Russian-Gas.html

    At least 10 EU member states, including Italy, Greece, and Poland, are opposed to the bloc slapping a price cap on Russian gas over concerns that Putin might retaliate with a complete halt of gas supply to the whole of Europe, officials told the Financial Times on Friday as EU energy ministers prepare for today’s emergency meeting to discuss measures to ease the burden of the energy crisis on consumers.

    Why are they opposed I wonder? Smile

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    Post  AlfaT8 Fri Sep 09, 2022 5:26 pm

    kvs wrote:Global oil supply is not abundant.   Transfer of sales from one country to another is an unrelated aspect.    Abundance would require
    the discovery and development of major and super-major oil fields.   No such fields have been found in decades.   Saudi Arabia claimed
    it could pump millions of barrels per day extra out of its fields but that was never true and today you can see this clearly.    It has been the
    US with its fracking plays that has surged in domestic production in the late 2000s but it remains a major importer of oil.    Russia is in
    the handful of top global exporters of oil.   Cutting it off is moronic.    The price of oil will surge and there will be real shortages.    Palm
    derived biodiesel and corn ethanol will not magically fill the gap.


    Let me add a further note to US oil production.
    On top of still importing cheap oil from the middle-east, they exported their fracked "freedom oil" to europe at a premium price, so the Europeans have been doing stupid sh%t for a long time now.

    GarryB, kvs, GunshipDemocracy, owais.usmani and lancelot like this post


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