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2022-06-03 Caucasus/Russia/Central Asia

Le Figaro: anti-Russian sanctions have launched a game of musical chairs

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Posted by badanov 2022-06-03 00:00|| || Front Page|| [11 views ] Top

#1 How the World Is Paying for Putin's War in Ukraine
Bloomberg News
Tue, May 31, 2022

Russia is being propelled by a flood of cash that could average $800 million a day this year — and that's just what the commodity superpower is raking in from oil and gas.

For years, Russia has acted as a vast commodity supermarket selling what an insatiable world has needed: Not just energy, but wheat, nickel, aluminum and palladium too. Putin's coffers are overflowing with the revenue from commodities, which have become more lucrative than ever thanks to the surge in global prices driven in part by the war in Ukraine.

Posted by Ominerong White6483 2022-06-03 00:40|| 2022-06-03 00:40|| Front Page Top

#2 Ukraine signs deal with Westinghouse to supply Ukraine's nuclear power plants with fuel to replace Russia as the supplier. Westinghouse also will help Ukraine build more nuclear power plants to supply itself and Europe replacing Russia as a major energy supplier.

Posted by Black Charlie Slairt1430 2022-06-03 07:53|| 2022-06-03 07:53|| Front Page Top

#3 The joke of the EU's oil sanctions policy has created the absurd situation whereby the countries buying up the Russian crude oil -- such as Hungary in the EU and India outside the EU -- are now refining that Russian oil and re-exporting it to the EU countries that supposedly banned it.

Russia is reaping extraordinary, unprecedented oil revenues; Hungary and India and many other middlemen are getting all the oil they need and pocketing very generous profit margins as middlemen; and the EU nations are receiving Russian oil in disguise.

Posted by Jean-Paul 2022-06-03 08:20|| 2022-06-03 08:20|| Front Page Top

#4 I guess it is a game of musical chairs with upside-down stools.

Posted by Super Hose 2022-06-03 12:50|| 2022-06-03 12:50|| Front Page Top

#5 Sure, Jean-Paul, sure. The Russians are burying their dead soldiers in gold coffins lined with rubles.

Posted by Rob Crawford 2022-06-03 15:26|| 2022-06-03 15:26|| Front Page Top

#6 /\ That must be caused by the Ukraine military beating them so badly and forcing them out of the country.

Posted by Canuckistan snipoer 2022-06-03 20:41|| 2022-06-03 20:41|| Front Page Top

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