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2022-06-03 Caucasus/Russia/Central Asia
America's default blackmail: what conclusions should Russia draw
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Posted by badanov 2022-06-03 00:00|| || Front Page|| [11130 views ]  Top

#1 It's called a "technical" default because in reality, in the eyes of market participants, Russia is nowhere near default status. Russia has the ability and willingness to pay its debts--it's only the stupidity and criminality of idiots like Janet Yellen that allows such an obviously illegal and foolish stunt to go forward.
Posted by Ominerong White6483 2022-06-03 00:10||   2022-06-03 00:10|| Front Page Top

#2 Bloomberg describes how unbelievably stupid Yellen and Biden's sanctions are:

Even with some countries halting or phasing out energy purchases, Russia's oil-and-gas revenue will be about $285 billion this year, according to estimates from Bloomberg Economics based on Economy Ministry projections. That would exceed the 2021 figure by more than one-fifth. Throw in other commodities, and it more than makes up for the $300 billion in foreign reserves frozen as part of the sanctions.

The US has already banned Russian oil, but Europe is only slowly weaning itself off this dependency. That’s giving Moscow time to find other markets — such as commodity guzzling behemoths China and India — to limit any damage to export revenue, and its financial war chest.

That means the money is gushing into Russia’s accounts, and the financial figures are a constant reminder to the West that dramatic change is needed. Oil-export revenue alone is up 50% from a year earlier, according to the International Energy Agency. Russia’s top oil producers made their highest combined profit in almost a decade in the first quarter, Moscow-based SberCIB Investment Research estimates. And wheat exports continue — at higher prices — as sanctions on Russian agriculture aren't even being discussed because the world needs its grain. . .here
Posted by Ominerong White6483 2022-06-03 00:13||   2022-06-03 00:13|| Front Page Top

#3 Those aren't reasons sanctions against Russia are bad.

Those are reasons why Putin's Globohomo Puppet's sanctions against the US Energy Industry are bad.

You know, that thing y'all never talk about despite claiming on half your 'nyms to be red-blooded Americans?
Posted by Thing From Snowy Mountain 2022-06-03 00:28||   2022-06-03 00:28|| Front Page Top

#4 "Putin's Globohomo Puppet"? Do you speak English... or just Unz?

Hey, we know you're trying, but "globohomo"? Really?
Posted by Ominerong White6483 2022-06-03 00:39||   2022-06-03 00:39|| Front Page Top

#5 "Hey, you know, Fat, The Thing..."

Seriously, that Biden cares more about hurting the US than Russia is _by design_. His decisions more or less gifted Russia with 300 billion or so dollars before the war even started. And the evidence everyone ignores is that Burisma, which paid his son millions, was a cutout for Putin.

And the trolling is meant to distract away from all of this.
Posted by Thing From Snowy Mountain 2022-06-03 10:18||   2022-06-03 10:18|| Front Page Top

#6 ^ BONG BONG BONG!
Posted by Tsarsky Kolokol3977 2022-06-03 10:26||   2022-06-03 10:26|| Front Page Top

#7 It is obvious that the American sanctions are causing extreme harm to Americans, Europeans and people around the world. They are actually funding Russia's war.

The questions remain:Why is America slicing off its legs? For what purpose? How much longer? Who benefits?
Posted by Jean-Paul 2022-06-03 10:27||   2022-06-03 10:27|| Front Page Top

#8 COVID was a fizzle (though a nasty one) so Ukraine is the elite's plan B to pauperize the USA.
Posted by M. Murcek 2022-06-03 10:29||   2022-06-03 10:29|| Front Page Top

#9 Russia is winning the economic war - and Putin is no closer to withdrawing troops
Larry Elliott
The Guardian
2 June 2022

The perverse effects of sanctions means rising fuel and food costs for the rest of the world – and fears are growing of a humanitarian catastrophe. Sooner or later, a deal must be made.

It is now three months since the west launched its economic war against Russia, and it is not going according to plan. On the contrary, things are going very badly indeed.

There is no immediate sign of Russia pulling out of Ukraine and that’s hardly surprising, because the sanctions have had the perverse effect of driving up the cost of Russia’s oil and gas exports, massively boosting its trade balance and financing its war effort. In the first four months of 2022, Putin could boast a current account surplus of $96bn (£76bn) – more than treble the figure for the same period of 2021.

When the EU announced its partial ban on Russian oil exports earlier this week, the cost of crude oil on the global markets rose, providing the Kremlin with another financial windfall. Russia is finding no difficulty finding alternative markets for its energy, with exports of oil and gas to China in April up more than 50% year on year.
Posted by Jean-Paul 2022-06-03 11:16||   2022-06-03 11:16|| Front Page Top

#10 If the Biden Administration were actively trying to damage the West, they could not do a better job than with these sanctions
Posted by Jean-Paul 2022-06-03 11:19||   2022-06-03 11:19|| Front Page Top

#11 Blah blah blah, more Distract, Distract, Distract... where you state the result but refuse to acknowledge the cause.

Here's the link:

Biden suspends oil and gas leasing in slew of executive actions on climate change.

The interested reader can click the link and draw their own conclusions.
Posted by Thing From Snowy Mountain 2022-06-03 12:46||   2022-06-03 12:46|| Front Page Top

#12 This article and this discussion are about anti-Russian sanctions.

I don't dispute your conclusions about the impact of Biden's domestic energy policies but those have nothing to do with the matter discussed here.
Posted by Jean-Paul  2022-06-03 13:29||   2022-06-03 13:29|| Front Page Top

#13 Russia can always pull its troops put of the Ukraine. Their situation is their own making.
Posted by Rob Crawford 2022-06-03 13:46||   2022-06-03 13:46|| Front Page Top

#14 Citing the Guardian? May as well cite Stalin.
Posted by Rob Crawford 2022-06-03 13:47||   2022-06-03 13:47|| Front Page Top

#15 You all want to pretend to discuss the energy market, which is Russia's main income source, without discussing Joe Biden's war on energy production in the United States.

It can't be done accurately.
Posted by Thing From Snowy Mountain 2022-06-03 14:15||   2022-06-03 14:15|| Front Page Top

#16 They want to believe everything is Putin's genius at work.
Posted by Rob Crawford 2022-06-03 15:22||   2022-06-03 15:22|| Front Page Top

#17 You all want to pretend to discuss the energy market, which is Russia's main income source, without discussing Joe Biden's war on energy production in the United States.

Everything is deeply inter-twingled. Stupid things aside, one reason the Brandon Administration is having such a hard time is that they cannot see the connections between things. This is connected to that, and that rubs up against this other thing.

I find it a bit ironic that having built a globalized interconnected world, certain parties are now trying to break it apart.
Posted by SteveS 2022-06-03 17:41||   2022-06-03 17:41|| Front Page Top

#18 They want to believe everything is Putin's genius at work.

Or Brandon's wickedness at trying to Resist Putin. Lord knows what they'd do if they ran up against a Reagan and he started _drilling_ instead of stopping it.
Posted by Thing From Snowy Mountain 2022-06-03 17:48||   2022-06-03 17:48|| Front Page Top

#19 "There is no unity in the Biden administration about how much more sanctions against the Russian Federation can be increased without provoking economic instability and without violating transatlantic unity"

The sanctions are a total failure that has caused more harm to the US, Britain, Germany, France and the rest of the allies than to Russia. It would be hard to find a more perfect example of blowback, or unintended consequences. Maybe stepping on a rake covered in your own shit.
Posted by Palmerston 2022-06-03 18:05||   2022-06-03 18:05|| Front Page Top

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