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    Russia and economic war by the west #2

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    Post  Scorpius Wed Sep 14, 2022 4:38 pm

    ahmedfire wrote:Hello Mr stupid scholz


    They are still cosmically far from what Russia felt during the inflationary shock of the nineties.
    Now increase inflation by another 40 times (*), close 80% of industrial enterprises, delay the salary for the remaining six months.
    Maybe then the Western man in the street will understand what the Russians had to go through with the advent of "democracy".

    (*) And I'm not kidding. Since 1991, the inflationary growth of consumer prices in Russia has been at least 26,000%.

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    Post  Kiko Thu Sep 15, 2022 1:05 am

    Following Thomas Mann's Doctor Faustus, now re-reading dear friend Fedor Mikhailovitch's The Possessed for insights over Ursula WünderLeyen's EC.

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    Post  JohninMK Thu Sep 15, 2022 9:23 pm

    Industrial suicide. When do the car plants all over Europe start winding down? Which is first, no steel, no aluminium, no glass, no plastics, no tyres, no chemicals (Ad Blue) etc. Then Airbus and the military and munitions plants?

    Pelusium OSINT 🇮🇷
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    The situation in European steel industry is spinning out of control at a much faster pace than can be studied.

    For reference, 1 cast ton of steel uses 500kwh electricity.

    It used to cost $50-$100 per ton.

    It now costs more than $1,000 just to melt 1 ton of steel in Germany

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    Post  ALAMO Thu Sep 15, 2022 9:37 pm

    JohninMK wrote:I
    It now costs more than $1,000 just to melt 1 ton of steel in Germany[/i]

    You have linked that by yourself.
    The coalition that rules Germany now, is a sick joke of politics.
    It includes every single Arschloch that wanted to join the party.
    Die Gruene too.
    The people are openly described as stupid enough, and ideologically driven enough, to figure out, carry out, and sustain the most stupid agenda, if it suits the political background.

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    Post  GarryB Fri Sep 16, 2022 5:03 am

    It is funny because some EU idiots are claiming Russia will feel the pain of sanctions soon... and for some logical reasons... but the problem is that those logical reasons also point to the EU feeling much much much more pain... this is not just about being cold and dark when the things you make can't be made then people lose jobs, companies can't pay loans to keep operations going and close etc etc...

    The bridge is out and the advice from their American friends is more coal in the locomotive... more steam... more speed... the problem is that trains are not designed to make jumps like that.

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    Post  ALAMO Fri Sep 16, 2022 8:05 am

    The most absurd part of this whole story is the fact that there is no energy crisis in Europe.
    It is a purely politically driven conflict carried at the expense of the Europeans.
    And it started long before the 24Feb22, but surely it was Russia in the background for all the time.
    What the eurocrats tried to do, was push Russkie to finance and subsidize a regime that was openly hostile towards them.
    Just the way they did for the last 30 years.

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    Post  owais.usmani Fri Sep 16, 2022 4:59 pm

    https://iz.ru/1394204/ivan-chernousov/snova-i-delo-samsung-mozhet-vernutsia-v-rossiiu

    Samsung may return to the Russian market before the end of the year. This was told to Izvestia by a source close to the corporation and two interlocutors in retail. According to one of them, the resumption of supplies and sales of equipment of the South Korean brand is likely in October. Returning, Samsung will have to win back its market share, experts said. For example, the share of the brand's smartphones in sales in August decreased to 9%, although a year ago it was 30%.

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    Post  flamming_python Sat Sep 17, 2022 3:01 am

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    Post  flamming_python Sat Sep 17, 2022 7:56 am

    https://thecradle.co/Article/Columns/15396

    Asia’s future takes shape in Vladivostok, the Russian Pacific
    Sixty-eight countries gathered on Russia's far eastern coast to listen to Moscow's economic and political vision for the Asia-Pacific
    By Pepe Escobar
    September 08 2022

    Russia and economic war by the west #2 - Page 18 Putin-on-Vladiviostok

    The Eastern Economic Forum (EEF) in Vladivostok is one of the indispensable annual milestones for keeping up not only with the complex development process of the Russian Far East but major plays for Eurasia integration.

    Mirroring an immensely turbulent 2022, the current theme in Vladivostok is ‘On the Path to a Multipolar World.’ Russian President Vladimir Putin himself, in a short message to business and government participants from 68 nations, set the stage:

    “The obsolete unipolar model is being replaced by a new world order based on the fundamental principles of justice and equality, as well as the recognition of the right of each state and people to their own sovereign path of development. Powerful political and economic centers are taking shape right here in the Asia-Pacific region, acting as a driving force in this irreversible process.”

    In his speech to the EEF plenary session, Ukraine was barely mentioned. Putin’s response when asked about it: “Is this country part of Asia-Pacific?”

    The speech was largely structured as a serious message to the collective west, as well as to what top analyst Sergey Karaganov calls the “global majority.” Among several takeaways, these may be the most relevant:

    - Russia as a sovereign state will defend its interests.
    - Western sanctions ‘fever’ is threatening the world – and economic crises are not going away after the pandemic.
    - The entire system of international relations has changed. There is an attempt to maintain world order by changing the rules.
    - Sanctions on Russia are closing down businesses in Europe. Russia is coping with economic and tech aggression from the west.
    - Inflation is breaking records in developed countries. Russia is looking at around 12 percent.
    - Russia has played its part in grain exports leaving Ukraine, but most shipments went to EU nations and not developing countries.
    - The “welfare of the ‘Golden Billion’ is being ignored.”
    - The west is in no position to dictate energy prices to Russia.
    - Ruble and yuan will be used for gas payments.
    - The role of Asia-Pacific has significantly increased.

    In a nutshell: Asia is the new epicenter of technological progress and productivity.

    No more an ‘object of colonization’

    Taking place only two weeks before another essential annual gathering – the Shanghai Cooperation Organization (SCO) summit in Samarkand – it is no wonder some of the top discussions at the EEF revolve around the increasing economic interpolation between the SCO and the Association of Southeast Asian Nations (ASEAN).

    This theme is as crucial as the development of the Russian Arctic: at 41 percent of total territory, that’s the largest resource base in the federation, spread out over nine regions, and encompassing the largest Special Economic Zone (SEZ) on the planet, linked to the free port of Vladivostok. The Arctic is being developed via several strategically important projects processing mineral, energy, water and biological natural resources.

    So it’s perfectly fitting that Austria’s former foreign minister Karin Kneissel, self-described as “a passionate historian,” quipped about her fascination at how Russia and its Asian partners are tackling the development of the Northern Sea Route: “One of my favorite expressions is that airlines and pipelines are moving east. And I keep saying this for twenty years.”

    Amidst a wealth of roundtables exploring everything from the power of territory, supply chains and global education to “the three whales” (science, nature, human), arguably the top discussion this Tuesday at the forum was centered on the role of the SCO.

    Apart from the current full members – Russia, China, India, Pakistan, four Central Asians (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan), plus the recent accession of Iran – no less than 11 further nations want to join, from observer Afghanistan to dialogue partner Turkey.

    Grigory Logvinov, the SCO’s deputy secretary general, stressed how the economic, political and scientific potential of players comprising “the center of gravity” for Asia – over a quarter of the world’s GDP, 50 percent of the world’s population – has not been fully harvested yet.

    Kirill Barsky, from the Moscow State Institute of International Relations, explained how the SCO is actually the model of multipolarity, according to its charter, compared to the backdrop of “destructive processes” launched by the west.

    And that leads to the economic agenda in the Eurasian integration progress, with the Russian-led Eurasia Economic Union (EAEU) configured as the SCO’s most important partner.

    Barsky identifies the SCO as “the core Eurasian structure, forming the agenda of Greater Eurasia within a network of partnership organizations.” That’s where the importance of the cooperation with ASEAN comes in.

    Barsky could not but evoke Mackinder, Spykman and Brzezinski – who regarded Eurasia “as an object to be acted upon the wishes of western states, confined within the continent, away from the ocean shores, so the western world could dominate in a global confrontation of land and sea. The SCO as it developed can triumph over these negative concepts.”

    And here we hit a notion widely shared from Tehran to Vladivostok:

    Eurasia no longer as “an object of colonization by ‘civilized Europe’ but again an agent of global policy.”

    ‘India wants a 21st Asian century’

    Sun Zuangnzhi from the Chinese Academy of Social Sciences (CASS) elaborated on China’s interest in the SCO. He focused on achievements: In the 21 years since its founding, a mechanism to establish security between China, Russia and Central Asian states evolved into “multi-tiered, multi-sector cooperation mechanisms.”

    Instead of “turning into a political instrument,” the SCO should capitalize on its role of dialogue forum for states with a difficult history of conflicts – “interactions are sometimes difficult” – and focus on economic cooperation “on health, energy, food security, reduction of poverty.”

    Rashid Alimov, a former SCO secretary general, now a professor at the Taihe Institute, stressed the “high expectations” from Central Asian nations, the core of the organization. The original idea remains – based on the indivisibility of security on a trans-regional level in Eurasia.

    Well, we all know how the US and NATO reacted when Russia late last year proposed a serious dialogue on “indivisibility of security.”

    As Central Asia does not have an outlet to the sea, it is inevitable, as Alimov stressed, that Uzbekistan’s foreign policy privileges involvement in accelerated intra-SCO trade. Russia and China may be the leading investors, and now “Iran also plays an important role. Over 1,200 Iranian companies are working in Central Asia.”

    Connectivity, once again, must increase: “The World Bank rates Central Asia as one of the least connected economies in the world.”

    Sergey Storchak of Russian bank VEB explained the workings of the “SCO interbank consortium.” Partners have used “a credit line from the Bank of China” and want to sign a deal with Uzbekistan. The SCO interbank consortium will be led by the Indians on a rotation basis – and they want to step up its game. At the upcoming summit in Samarkand, Storchak expects a road map for the transition towards the use of national currencies in regional trade.

    Kumar Rajan from the School of International Studies of the Jawaharlal Nehru University articulated the Indian position. He went straight to the point: “India wants a 21st Asian century. Close cooperation between India and China is necessary. They can make the Asian century happen.”

    Rajan remarked how India does not see the SCO as an alliance, but committed to the development and political stability of Eurasia.

    He made the crucial point about connectivity revolving around India “working with Russia and Central Asia with the INSTC” – the International North South Transportation Corridor, and one of its key hubs, the Chabahar port in Iran: “India does not have direct physical connectivity with Central Asia. The INSTC has the participation of an Iranian shipping line with 300 vessels, connecting to Mumbai. President Putin, in the [recent] Caspian meeting, referred directly to the INSTC.”

    Crucially, India not only supports the Russian concept of Greater Eurasia Partnership but is engaged in setting up a free trade agreement with the EAEU: Prime Minister Narendra Modi, incidentally, came to the Vladivostok forum last year.

    In all of the above nuanced interventions, some themes are constant. After the Afghanistan disaster and the end of the US occupation there, the stabilizing role of the SCO cannot be overstated enough. An ambitious road map for cooperation is a must – probably to be approved at the Samarkand summit. All players will be gradually changing to trade in bilateral currencies. And creation of transit corridors is leading to the progressive integration of national transit systems.

    Let there be light

    A key roundtable on the ‘Gateway to a Multipolar World’ expanded on the SCO role, outlining how most Asian nations are “friendly” or “benevolently neutral” when it comes to Russia after the start of the Special Military Operation (SMO) in Ukraine.

    So the possibilities for expanding cooperation across Eurasia remain practically unlimited. Complementarity of economies is the main factor. That would lead, among other developments, to the Russian Far East, as a multipolar hub, turning into “Russia’s gateway to Asia” by the 2030s.

    Wang Wen from the Chongyang Institute for Financial Studies stressed the need for Russia to rediscover China – finding “mutual trust in the middle level and elites level”. At the same time, there’s a sort of global rush to join BRICS, from Saudi Arabia and Iran to Afghanistan and Argentina:

    “That means a new civilization model for emerging economies like China and Argentina because they want to rise up peacefully (…) I think we are in the new civilization age.”

    B. K. Sharma from the United Service Institution of India got back to Spykman pigeonholing the nation as a rimland state. Not anymore: India now has multiple strategies, from connecting to Central Asia to the ‘Act East’ policy. Overall, it’s an outreach to Eurasia, as India “is not competitive and needs to diversify to get better access to Eurasia, with logistical help from Russia.“

    Sharma stresses how India takes SCO, BRICS and RICs very seriously while seeing Russia playing “an important role in the Indian Ocean.” He nuances the Indo-Pacific outlook: India does not want Quad as a military alliance, privileging instead “interdependence and complementarity between India, Russia and China.”

    All of these discussions interconnect with the two overarching themes in several Vladivostok roundtables: energy and the development of the Arctic’s natural resources.

    Pavel Sorokin, Russian First Deputy Minister of Energy, dismissed the notion of a storm or typhoon in the energy markets: “It’s a far cry from a natural process. It’s a man-made situation.” The Russian economy, in contrast, is seen by most analysts as slowly but surely designing its Arctic/Asian cooperation future – including, for instance, the creation of a sophisticated trans-shipment infrastructure for Liquified Natural Gas (LNG).

    Energy Minister Nikolay Shulginov made sure that Russia will actually increase its gas production, considering the rise of LNG deliveries and the construction of Power of Siberia-2 to China: “We will not merely scale up the pipeline capacity but we will also expand LNG production: it has mobility and excellent purchases on the global market.”

    On the Northern Sea Route, the emphasis is on building a powerful, modern icebreaker fleet – including nuclear. Gadzhimagomed Guseynov, First Deputy Minister for the Development of the Far East and the Arctic, is adamant: “What Russia has to do is to make the Northern Sea Route a sustainable and important transit route.”

    There is a long-term plan up to 2035 to create infrastructure for safe shipping navigation, following an ‘Arctic best practices’ of learning step by step. NOVATEK, according to its deputy chairman Evgeniy Ambrosov, has been conducting no less than a revolution in terms of Arctic navigation and shipbuilding in the last few years.

    Kniessel, the former Austrian minister, recalled that she always missed the larger geopolitical picture in her discussions when she was active in European politics (she now lives in Lebanon): “I wrote about the passing of the torch from Atlanticism to the Pacific. Airlines, pipelines and waterways are moving East. The Far East is actually Pacific Russia.”

    Whatever Atlanticists may think of it, the last word for the moment might belong to Vitaly Markelov, from the board of directors of Gazprom: Russia is ready for winter. There will be warmth and light everywhere.”
    The views expressed in this article do not necessarily reflect those of The Cradle.

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    Post  kvs Sat Sep 17, 2022 3:18 pm



    Ukrainian living in Russia goes out for some fast food and visits a grocery store as well.

    No shortages or price gouging in evidence. No lack of MacDonald's, Burger King and whatnot.
    The Russian "Vkusno i Tochka" is filling the niche very well.

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    Post  Kiko Sat Sep 17, 2022 11:15 pm

    Russia and India to start trade in rupees, 09.17.2022.

    A new payment mechanism has been given the green light to boost Indian exports.

    India will soon launch trade in rupees with Russia, the head of the Federation of Indian Export Organizations (FIEO) said this week. This comes after the State Bank of India agreed to simplify a new payment mechanism.

    “The State Bank of India has come forward for facilitating trade in rupees with Russia and some other banks have also shown interest,” A. Shaktivel told reporters, adding that India already has “a good rupee payment mechanism in Iran, so the same thing will happen [with Russia].”

    In July, the Reserve Bank of India, the country’s central bank, issued a circular urging national lenders to introduce additional arrangements for import and export transactions in rupees. The move designed to reduce the rupees’ dependence on the dollar, is also seen as an incentive to boost trade with Moscow.

    India’s exports to Russia slumped by about a third in April-July due to sweeping Western sanctions imposed on Moscow.

    But according to A. Shaktivel, “The trade in rupees could boost Indian exports to Russia to about $5 billion in the current financial year,” he said.

    To avoid Western sanctions Indian companies are already switching to Asian currencies in transactions with Russia.

    Moscow is expected to name the bank for mutual settlements in rupees within two weeks. Meanwhile, the Moscow stock exchange is working on a plan to launch trade in the Indian currency in an effort to move away from the US dollar and euro.

    https://www.rt.com/business/562857-russia-india-rupee-trade/

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    Post  sepheronx Sat Sep 17, 2022 11:52 pm

    That's OK, but I don't trust India that much so I hope Russia forces India to purchase Rubles and payments of gas is in Rubles.

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    Post  GarryB Sun Sep 18, 2022 7:54 am

    Whether they use Rupees or Rubles is not important... what is important is that they were using US dollars or Euros and now they wont.

    Using Rupees means they can ask other countries they trade with to also use Rupees instead of US dollars or Euros, which is even better... when India buys things from Indonesia it does not make sense for them to use US dollars or Euros or Rubles... countries using their own currencies in international transactions is the goal to slay the western dragon that is funded by international trade in their currencies.

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    Post  sepheronx Sun Sep 18, 2022 8:10 am

    GarryB wrote:Whether they use Rupees or Rubles is not important... what is important is that they were using US dollars or Euros and now they wont.

    Using Rupees means they can ask other countries they trade with to also use Rupees instead of US dollars or Euros, which is even better... when India buys things from Indonesia it does not make sense for them to use US dollars or Euros or Rubles... countries using their own currencies in international transactions is the goal to slay the western dragon that is funded by international trade in their currencies.

    Issue is that India's politics can swing heavily quite easy.

    And if they decide to suck up to the west, then those Rupees will be useless for Russia like the Euro and USD.

    Being rather ingrained with Indian society to a certain degree, I can safely say that it isn't entirely safe for Russia to just easily accept Rupees. It needs to be mutual so that India also has lots to lose if their politics change.

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    Post  owais.usmani Sun Sep 18, 2022 7:28 pm



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    Post  kvs Sun Sep 18, 2022 7:51 pm

    "So far".

    lol1 lol1 lol1

    There is not going to be any delayed response. All of the supply chain disruptions should have manifested already since it has been
    nearly six months. I recall bold claims about the sanctions having an effect two-three months after imposition and then by fall of
    this year. This was masturbatory wishful thinking. NATzO clowns simply had no desire to know the reality about Russia. Its
    industrial and technological base is in the top handful of the planet. I would say it is really only China and Russia that have this
    depth. Russia can substitute any import. Some will take longer than others but all of the critical ones are not off limits since
    China can supply them.

    NATzO wanted to have its cake and to eat it too. It offshored its manufacturing to China and then assumed that Russia would be
    just as exposed even though Russia never engaged in anywhere near this sort of offshoring. It also managed to maintain its military
    production capacity which now completely outclasses that of NATzO. Russia can churn out artillery shells by the million while NATzO
    is running out of stocks and is talking about re-establishing production lines able to produce 12,000 rounds a month. Which is a total
    joke.

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    Post  lancelot Sun Sep 18, 2022 7:57 pm

    The US basically neutered itself by closing down the state arsenals and replacing them with private contractors.

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    Post  GunshipDemocracy Sun Sep 18, 2022 8:07 pm

    Recent Ursula about importance of rare earth metals for EU makes it easy to understand whey she's so "pro Ukrainian" - rare earth emtals deposits are enormous on former -ukripine...
    One mor reason to block eu/us from ex-ua Twisted Evil Twisted Evil Twisted Evil



    sepheronx wrote:
    Issue is that India's politics can swing heavily quite easy.

    And if they decide to suck up to the west, then those Rupees will be useless for Russia like the Euro and USD.

    Being rather ingrained with Indian society to a certain degree, I can safely say that it isn't entirely safe for Russia to just easily accept Rupees.  It needs to be mutual so that India also has lots to lose if their politics change.


    It is always rupees and rubles not either. And that's better for both sides. BTW Russian govt working to promote rupee-ruble trade didn't wright risks/benefits before?

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    Post  owais.usmani Mon Sep 19, 2022 8:49 am

    https://agmetalminer.com/2022/09/16/stainless-steel-mmi-nickel-prices-move-sideways-begin-to-climb-in-september/

    Untouched by sanctions, Western nations continue to import Russian nickel. Indeed, shipments have actually increased since March. Russia accounts for roughly 7% of global nickel production, and its largest company, Nornickel, produces roughly 15-20% of global battery-grade nickel.

    The U.S. saw the largest increase. According to data from the United Nations Comtrade database compiled by Reuters, nickel imports from Russia to the U.S. jumped 70% from March through June. Meanwhile, imports to the EU during that same time rose 22%.

    The increase in Russian-sourced material indicates two things. First, lower prices have likely increased the appeal of Russian nickel, as all other prices rose following the Ukraine invasion. Second, it means that the concerns over supply disruptions that caused base metal prices to surge in early March have proven overstated.

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    Post  JohninMK Thu Sep 22, 2022 12:11 pm

    Economic damage in Russia Laughing How about Europe? Shocked This is the Law of Unintended Consequences on steroids

    Chad P. Bown
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    Sep 19
    Half of Europe’s aluminum and zinc production has been taken offline, according to Eurometaux, Europe’s metals trade association.
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    Post  Hole Thu Sep 22, 2022 12:23 pm

    Try to build airplanes without aluminum. Soon the west will return to using plywood.
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    Post  ALAMO Thu Sep 22, 2022 12:38 pm

    Hole wrote:Try to build airplanes without aluminum. Soon the west will return to using plywood.

    Worked for the 1000 Years Reich, so should work now!
    Oh wait ... a 1000 years I said? scratch
    JohninMK
    JohninMK


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    Russia and economic war by the west #2 - Page 18 Empty Re: Russia and economic war by the west #2

    Post  JohninMK Thu Sep 22, 2022 12:54 pm

    ALAMO wrote:
    Hole wrote:Try to build airplanes without aluminum. Soon the west will return to using plywood.

    Worked for the 1000 Years Reich, so should work now!
    Oh wait ... a 1000 years I said? scratch

    Remember the DH Mosquito? No mean aircraft, fairly stealthy as well Very Happy

    Now where are all those balsa trees?

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    JohninMK
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    Post  JohninMK Thu Sep 22, 2022 1:06 pm

    This is possibly THE prime reason the US cannot fail in Ukraine. Not that they thought it through before they started, a classic case of crap risk analysis generated by arrogance.

    Will Schryver
    @imetatronink
    ·
    Sep 20
    Checkmate

    "The defeat of NATO’s proxy army, weapons, and leadership in Ukraine at the hands of the Russians will be viewed all around the world as an unprecedented defeat of American hegemony."



    They chose to ignore some of Churchill's best words

    "I cannot forecast to you the action of Russia. It is a riddle wrapped in a mystery inside an enigma. But perhaps there is a key. That key is Russian national interest."

    Whilst

    The Sirius Report
    @thesiriusreport
    ·
    Sep 20
    Clown show continues:

    The European Commission is considering the possibility of allowing the transportation of Russian coal.

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    ludovicense
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    Russia and economic war by the west #2 - Page 18 Empty Re: Russia and economic war by the west #2

    Post  ludovicense Thu Sep 22, 2022 1:27 pm

    JohninMK wrote:Economic damage in Russia  Laughing How about Europe?  Shocked This is the Law of Unintended Consequences on steroids

    Chad P. Bown
    @ChadBown
    ·
    Sep 19
    Half of Europe’s aluminum and zinc production has been taken offline, according to Eurometaux, Europe’s metals trade association.



    They will be dependent on Russia, which is a great aluminum producer....

    how stupid... Shocked

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