Russia and economic war by the west #3

mnztr wrote:I was shocked to her that Russia is still allowing the #@^$723$76 Brits to fish in the Barents sea and only now considering terminating the agreement. Considering the actions of the UK they should be sinking or seizing any British ship that enters their waters. Sometimes Russia is so soft, like a nice fuzzy bearskin rug by the fire.

Isos wrote:

mnztr wrote:I was shocked to her that Russia is still allowing the #@^$723$76 Brits to fish in the Barents sea and only now considering terminating the agreement. Considering the actions of the UK they should be sinking or seizing any British ship that enters their waters. Sometimes Russia is so soft, like a nice fuzzy bearskin rug by the fire.

That's money talk... same as when west doesn't pit sanctions on russian nuclear energy, qrussia won't put sanction on what brings money.

JohninMK wrote:What have the fish in the Barents got to do with Ukraine and the SMO?

I put a post on this subject in the correct place where many of the questions here were answered a couple of hours earlier than mnztr posted here.

In answer to his question as why Russia still allowed it there is the ITS A F'ing LEGAL AGREEMENT which Russia deals with properly. By the tone of your question, do you keep agreements?

https://www.russiadefence.net/t8953p250-russia-and-economic-war-by-the-west-3#450311

Garry, can you please delete these posts?

mnztr wrote:British ships in Russian waters represent a secruity risk in these times. Do you not get this?

West stands to lose at least US$288 bil in assets if Russian assets seized — RIA

(Jan 21): Russia's state RIA news agency said on Sunday that it had calculated that the West stood to lose assets and investments worth at least US$288 billion if it confiscated frozen Russian assets to help rebuild Ukraine and Moscow then retaliated.

After Russian President Vladimir Putin sent forces into Ukraine in February 2022, the US and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around US$300 billion of sovereign Russian assets in the West.

US and British officials have worked in recent months to jumpstart efforts to confiscate Russian assets immobilised in Belgium and other European cities, in order to help reconstruction in Ukraine, parts of which lie in ruins.

They hope Group of Seven leaders will agree to issue a stronger statement of intent when they meet in late February, around the second anniversary of Moscow's invasion of Ukraine, three sources told Reuters on Dec 28.

Russia has accused Washington of trying to strong-arm countries in Europe, where most of the Russian assets are, into signing up to similar measures, and the Kremlin has said that Moscow has a list of US, European and other assets that would be confiscated if Western countries press ahead.

RIA cited data which it said showed that direct investment by the European Union, the G7 nations, Australia and Switzerland in the Russian economy at the end of 2022 totalled US$288 billion.

It said EU nations held US$223.3 billion of the assets, of which US$98.3 billion was formally held by Cyprus, US$50.1 billion by the Netherlands and US$17.3 billion by Germany.

It said the top five European investors in the Russian economy also included France, with assets and investments worth US$16.6 billion; and Italy with US$12.9 billion.

Among the G7 countries, it named Britain as one of the largest investors, citing data at the end of 2021, which showed British assets in Russia were worth about US$18.9 billion.

It said the United States had US$9.6 billion worth of Russian assets at the end of 2022, Japan US$4.6 billion and Canada US$2.9 billion.

Switzerland and Norway, which RIA said usually signed up to anti-Russian measures, had US$28.5 billion and US$139 million respectively at the end of 2022, it said, while data showed Australia had US$683 million invested at the end of last year.

Reuters could not verify the data cited by RIA.

U.S. Sanctions Strand 10 Million Barrels of Russian Crude For Weeks

About 10 million barrels of Russian crude oil have been stranded off the coast of South Korea thanks to U.S. sanctions, traders and shipping data told Reuters on Friday.

The 10 million barrels, carried by 14 tankers, are of the Sokol variety from Sakhalin-1 and remain unsold due to Western sanctions. That amount represents about 45 days' worth of Sakhalin-1 production at its average rate of 220,000 barrels per day.
The vessels—including 3 VLCCs—carrying the Russian crude oil have been stranded near the port of Yosu in South Korea for weeks after the United States sanctioned multiple vessels and companies that were transporting the Sokol grade.

Reuters sources and shipping data courtesy of Kpler and LSEG indicate that the VLCCs, carrying 3.2 million barrels, have been acting like floating storage.

At least some of the Sokol crude oil was destined for Indian Oil Corp. The delays in delivery caused by payment problems have caused Indian Oil Corp to search for crude from elsewhere—mainly from its own storage and the Middle East.

The United States initiated sanctions and a price cap on Russian crude oil transiting by water more than a year ago. The intent was not to disrupt the flow of oil, but to restrict revenues to Russia, who would otherwise use crude oil money to fund its military operations in Ukraine. The Biden Administration has insisted that its sanctions and G7 price cap have been effective, despite the accusations from some that they have been largely ineffectual.
The Kyiv School of Economics estimated in December that Moscow would bring in $178 billion from oil sales in 2023—and predicted that this figure would rise in 2024. According to the Centre for Research on Energy and Clean Air, the import ban and price cap have cost Russia $37 billion in export revenue. “The price cap has had an impact but has failed to live up to its potential” CREA analysts said last December.

As the Dunes rolled out