Spectator N0 2680 : "Two Of A...
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Are Sanctions Failing Or Worse Still, Helping Putin ?
There is evidence that sanctions are having no effect on Russia.
The collspse of the Rouble was widely predicted and expected. In reality the Rouble is the best performing currency in 2022 and rising and stronger than ever.
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The collspse of the Rouble was widely predicted and expected. In reality the Rouble is the best performing currency in 2022 and rising and stronger than ever.
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Answers
Sanctions advocate/
07:26 Tue 02nd Aug 2022
The Ruble as to foreign exchange rates against the $/£ whatever has only been kept propped up by Putain's gold reserves - these the White House reckon have been depleted by 80 percent since they barged into Ukraine.
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/In sum, by the most conservative estimates, the EU should be able to reduce its reliance on Russian gas by at least one-third by the end of 2022. The Commission has the most ambitious scenario, with the biggest reduction in the shortest amount of time. The other scenarios appear to concur that while a two-thirds reduction of Russian gas by the end of 2022 might be too ambitious, at least a two-thirds reduction by 2025 should be attainable./
Getting completely free of reliance in some part to Russia will prove difficult to say the least.
/In sum, by the most conservative estimates, the EU should be able to reduce its reliance on Russian gas by at least one-third by the end of 2022. The Commission has the most ambitious scenario, with the biggest reduction in the shortest amount of time. The other scenarios appear to concur that while a two-thirds reduction of Russian gas by the end of 2022 might be too ambitious, at least a two-thirds reduction by 2025 should be attainable./
Getting completely free of reliance in some part to Russia will prove difficult to say the least.
fatti: "The problem is that it’s not going to happen overnight, it’ll be 3-5 years at least before the west sorts out such issues. " - quite possibly but it will happen. Remember when COVID started they said it would take at least 5 years to develop and test a vaccine? They did it in little over 1 year. All the nations effected will be moving heaven and earth to get out of this dependency as quick as possible, it may take 3-5 years but I think it will be done much quicker. Needs must etc.
If things get really bad then rationing of some form will have to be applied, in the meantime it isn't a bad idea for everyone to economise of their usage, but I don't hear much calls for that from privatised industries whose shareholders are receiving record profits, see Shell for example.
I'm using the car as little as possible, turning off lights etc. & washing & shaving in the mornings with cold water. No great hardship, :0)
I'm using the car as little as possible, turning off lights etc. & washing & shaving in the mornings with cold water. No great hardship, :0)
ToraToraTora
//fatti: "The problem is that it’s not going to happen overnight, it’ll be 3-5 years at least before the west sorts out such issues. " - quite possibly but it will happen. Remember when COVID started they said it would take at least 5 years to develop and test a vaccine? They did it in little over 1 year. All the nations effected will be moving heaven and earth to get out of this dependency as quick as possible, it may take 3-5 years but I think it will be done much quicker. Needs must etc.//
The race for the vaccine is a poor example to use, we had the greatest scientific and medical minds across the globe doing that, with unlimited resources and finances.
Europe but the UK especially will never build and complete enough nuclear power stations within the timeframe required, they will invariably be massively overdue and way over budget by the time they’re completed.
//fatti: "The problem is that it’s not going to happen overnight, it’ll be 3-5 years at least before the west sorts out such issues. " - quite possibly but it will happen. Remember when COVID started they said it would take at least 5 years to develop and test a vaccine? They did it in little over 1 year. All the nations effected will be moving heaven and earth to get out of this dependency as quick as possible, it may take 3-5 years but I think it will be done much quicker. Needs must etc.//
The race for the vaccine is a poor example to use, we had the greatest scientific and medical minds across the globe doing that, with unlimited resources and finances.
Europe but the UK especially will never build and complete enough nuclear power stations within the timeframe required, they will invariably be massively overdue and way over budget by the time they’re completed.
Russia cutting gas supplies to Europe will not cause them much economic harm. It is being redirected to China, who are buying as much as gas Russia can supply.
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The gas to China is nothing compared to the dark transfer of Russian crude oil out at sea. The Chinese are buying Russian crude in a secret operation that will eventually pollute the Atlantic and the coast of Portugal.
""An anonymous entity based in the Chinese port city of Dalian has bought up a string of super-sized VLCC carriers to create a “transfer hub” in international waters around 860 nautical miles off Portugal’s coast, analysts say.
According to a report by Lloyd’s List, the maritime intelligence company, at least five “elderly” tankers had been bought by the Dalian firm in the past three months, and are now being used to transport oil.
They are allegedly being used to consolidate shipments of Russian oil loaded at Baltic and Black Sea ports, which are then being taken on destinations including China.
China has become a major importer of Russian oil since the West imposed sanctions in response to the war in Ukraine.""
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""An anonymous entity based in the Chinese port city of Dalian has bought up a string of super-sized VLCC carriers to create a “transfer hub” in international waters around 860 nautical miles off Portugal’s coast, analysts say.
According to a report by Lloyd’s List, the maritime intelligence company, at least five “elderly” tankers had been bought by the Dalian firm in the past three months, and are now being used to transport oil.
They are allegedly being used to consolidate shipments of Russian oil loaded at Baltic and Black Sea ports, which are then being taken on destinations including China.
China has become a major importer of Russian oil since the West imposed sanctions in response to the war in Ukraine.""
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Thanks for the links Togo.
// China's demand for Russian energy products has increased in recent months - reaching a record-high of crude oil in May, increasing purchases to $7.47billion (£6billion), which is about $1billion (£800million) more than in April and double the amount a year ago.
The increase in imports means Russia has now overtaken Saudi Arabia as China's largest source of crude oil, according to Chinese customs data released on Friday. //
Doesn’t sound like Russia is going bust.
// China's demand for Russian energy products has increased in recent months - reaching a record-high of crude oil in May, increasing purchases to $7.47billion (£6billion), which is about $1billion (£800million) more than in April and double the amount a year ago.
The increase in imports means Russia has now overtaken Saudi Arabia as China's largest source of crude oil, according to Chinese customs data released on Friday. //
Doesn’t sound like Russia is going bust.
ToraToraTora
//fatti: "Europe but the UK especially will never build and complete enough nuclear power stations within the timeframe " - who's talking about Nuclear power stations?//
Err……we are?
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//fatti: "Europe but the UK especially will never build and complete enough nuclear power stations within the timeframe " - who's talking about Nuclear power stations?//
Err……we are?
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