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Sanctions Impact in Russia


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2022 Mar 4, 11:05pm   8,471 views  291 comments

by AmericanKulak   ➕follow (6)   💰tip ($0.34 in tips)  

Pay $1.81/gallon for gas
https://www.globalpetrolprices.com/Russia/gasoline_prices/?source=patrick.net

Gas in Russia is cheaper than Gas in Qatar or Bahrain or Saudi Arabia.

Unable to buy $30/lb luxury Italian Cheese, $30/bottle midrange French Wines, expensive German Audio Equipment... what will the Russians do with themselves?

Eat local cheese, drink local beer, and buy the same audio equipment from China that's on Amazon USA

Comments 1 - 40 of 291   Next »    Last »

1   Bd6r   2022 Mar 5, 4:20am  

AmericanKulak says
Gas in Russia is cheaper than Gas in Qatar or Bahrain or Saudi Arabia.

Price of gas in Venezuela: 0.095 $/gal.

https://www.globalpetrolprices.com/Venezuela/gasoline_prices/
3   FortwayeAsFuckJoeBiden   2022 Mar 5, 8:29am  

Bd6r says
AmericanKulak says
Gas in Russia is cheaper than Gas in Qatar or Bahrain or Saudi Arabia.

Price of gas in Venezuela: 0.095 $/gal.

https://www.globalpetrolprices.com/Venezuela/gasoline_prices/?source=patrick.net


It might be cheaper for us to pile money together and bring gas from there to us, then buy gas at gas stations here. Anyone interested? It’s $6 a gallon here now
4   Bd6r   2022 Mar 5, 8:45am  

Fortwaynemobile says
It’s $6 a gallon here now

about 3.30 around here
5   mell   2022 Mar 5, 8:47am  

There are some positive developments though, such as blocking of twatter and faceborg. In America, faceborg blocks you - in Russia, Russia blocks faceborg!
6   Bd6r   2022 Mar 5, 8:49am  

mell says
There are some positive developments though, such as blocking of twatter and faceborg. In America, faceborg blocks you - in Russia, Russia blocks faceborg!

If persons like our dear Patnetters would not have twatter and faceborg accounts, and would implore that their families/friends would not have them as well, world would be a much better place.
7   mell   2022 Mar 5, 8:56am  

Bd6r says
mell says
There are some positive developments though, such as blocking of twatter and faceborg. In America, faceborg blocks you - in Russia, Russia blocks faceborg!

If persons like our dear Patnetters would not have twatter and faceborg accounts, and would implore that their families/friends would not have them as well, world would be a much better place.


True but people won't stop using it just because you implore them. Some need it for "business" reasons and so on.
9   Bd6r   2022 Mar 5, 7:09pm  

Gas prices up to 3.60 in SE TX. I pity other states...
10   NuttBoxer   2022 Mar 5, 7:15pm  

RWSGFY says
https://mobile.twitter.com/ZampolitGistapo/status/1500133864676679688?source=patrick.net


Supposedly this guys been on twitter since 2020, but I scrolled to the bottom of his history, looks like it started this year on February 21st. But I'm sure that's just coincidental, and this guy is definitely NOT a propaganda plant on such a honorable platform as Twitter.
11   Bitcoin   2022 Mar 5, 7:55pm  

Russia's economy will be set back 30 years if not more :) The world unites against the aggressor.....cant wait to see the Russian bankruptcies pile up.
12   Patrick   2022 Mar 5, 9:43pm  

Fortwaynemobile says
It might be cheaper for us to pile money together and bring gas from there to us, then buy gas at gas stations here. Anyone interested? It’s $6 a gallon here now



Deep state/oil companies are not about to let us import from Venezuela.
13   gabbar   2022 Mar 6, 1:42am  

Save_Ukraine says
Russia's economy will be set back 30 years if not more :) The world unites against the aggressor.....cant wait to see the Russian bankruptcies pile up.


American puppet, Ukraine wanted this war. Russia will survive and in time thrive. Ukrainians won't have a country. Most countries (outside of NATO) are either neutral or backing Putin and looking forward to better days. Taiwan is next.
14   gabbar   2022 Mar 6, 1:45am  

Bd6r says
Fortwaynemobile says
It’s $6 a gallon here now

about 3.30 around here


If gas goes to $6/gallon, people will cut down on driving.
15   FuckTheMainstreamMedia   2022 Mar 6, 4:23am  

gabbar says
Save_Ukraine says
Russia's economy will be set back 30 years if not more :) The world unites against the aggressor.....cant wait to see the Russian bankruptcies pile up.


American puppet, Ukraine wanted this war. Russia will survive and in time thrive. Ukrainians won't have a country. Most countries (outside of NATO) are either neutral or backing Putin and looking forward to better days. Taiwan is next.


You’re probably right about Taiwan but you are wrong about the support Russia has, and demonstrably so.

141 nations voted for the UN resolution, 5 voted against, and 35 abstained. Removing the NATO nations, the world still voted over 2:1 against Russia.
16   FuckTheMainstreamMedia   2022 Mar 6, 4:23am  

gabbar says
Bd6r says
Fortwaynemobile says
It’s $6 a gallon here now

about 3.30 around here


If gas goes to $6/gallon, people will cut down on driving.


It’s already there in California and public transportation in Los Angeles isn’t a viable option so we shall see.
17   RWSGFY   2022 Mar 6, 1:43pm  

Allegedly Moscow Central Mall (the one on the Red Square):

https://t.me/oleksiihoncharenko/14129?source=patrick.net
18   AmericanKulak   2022 Mar 6, 1:50pm  

Patrick says
Fortwaynemobile says
It might be cheaper for us to pile money together and bring gas from there to us, then buy gas at gas stations here. Anyone interested? It’s $6 a gallon here now



Deep state/oil companies are not about to let us import from Venezuela.


But Buttigegg is open about buying from... Iran!

https://ijr.com/buttigieg-buying-oil-iran-not-off-table-momentum-grows-ban-russian-oil/?source=patrick.net
19   RWSGFY   2022 Mar 6, 2:21pm  

LONDON (Reuters) -Russia said on Sunday that sovereign bond payments will depend on sanctions imposed by the West over the invasion of Ukraine, raising the spectre of its first major default on foreign bonds since the years following the 1917 Bolshevik revolution.

Russia’s finance ministry said it would service and pay sovereign debts in full and on time but that payments could be hampered by the international sanctions.
“The actual possibility of making such payments to non-residents will depend on the limiting measures introduced by foreign states in relation to the Russian Federation,” the finance ministry said in a statement.
That raises the possibility of a technical default on debt by Russia after much of its $640 billion in reserves were frozen by the West after President Vladimir Putin ordered what Russia describes as a special military operation in Ukraine on Feb. 24.
From now on, Russia will use roubles to make payments to residents on bonds denominated in foreign currency, the ministry said.

...


Russia in 1998 defaulted on $40 billion in domestic debt and devalued the rouble under President Boris Yeltsin because it was effectively bankrupt after the Asian debt crisis and falling oil prices shook confidence in its short-term rouble debt.
This time, Russia has the money but can’t pay because the reserves - the world’s fourth largest - that Putin ordered be built up for just such a crisis are frozen by the United States, European Union, Britain and Canada.
It could be Russia’s first major debt default in more than a century. Even when the Soviet Union collapsed, Russia assumed its foreign debt.
21   Bitcoin   2022 Mar 6, 7:49pm  

Seize everything you can from the oligarchs. They will evt turn on fucktard Putin and have him assassinated.

The US and Europe need to stop oil/gas purchases from Russia. Dont care if we have $10 dollar per gallon. Boykott anything from Russia until their economy is completely destroyed.
22   NuttBoxer   2022 Mar 6, 8:00pm  

Save_Ukraine says
Seize everything you can from the oligarchs. They will evt turn on fucktard Putin and have him assassinated.

The US and Europe need to stop oil/gas purchases from Russia. Dont care if we have $10 dollar per gallon. Boykott anything from Russia until their economy is completely destroyed.


I agree with not importing oil as we should use our own. But saying we should put even more people on the street is selfish and irresponsible. A lot of people have been put through the wringer with all the covid bullshit, and now you want to double or triple the price they pay to get to work?

What about Zelensky, whom the Panama papers reported has money stashed all over the globe? Is he an oligarch? What about boycotting all Chinese products until they stop the genocide of Ughyers? What about boycotting all Canadian products until they stop oppressing their own people for exercising their right to free speech? What about boycotting Saudi oil, a country with a LONG history of human rights violations? What about French imports, Macron has nearly bankrupt the middle-class, and turned the military loose on his own people? What about boycotting Ukraine as they just shot someone in the government without trial, isn't that a human rights abuse?

What about boycotting Russian wheat? That will mean pretty much no bread, as they supply the majority of wheat for the world. What about Russian metal exports? They are pretty much top dog when it comes to the metal that makes up your catalytic converter. You will to forgo driving too? What about your bank account, you use Chase? They just invested in Russia, better boycott them.
23   Bitcoin   2022 Mar 6, 10:08pm  

NuttBoxer says
What about boycotting Russian wheat?


Sure! Everything Russian needs to be boycotted.

No to the other questions. I have no issues with the French, the canadians or the chinese. Chase bank or any other institution investing in Russia should be fined. heavily.
24   Patrick   2022 Mar 6, 10:33pm  

Save_Ukraine says
Dont care if we have $10 dollar per gallon.


That would kill literally millions of US jobs.
25   Ceffer   2022 Mar 6, 10:45pm  

Whether or not Putin is saving Ukraine, he is not saving and sponsoring the criminals in Ukraine as is our own government. By default, he is helping us against the Globalist criminals intent on destroying our own country and our middle class.

You can tell now when the hurricane winds of the captive MSM turn knee jerk in unison in a particular direction onto a target, that as a people we need the opposite.
26   Eman   2022 Mar 6, 10:49pm  

gabbar says
Save_Ukraine says
Russia's economy will be set back 30 years if not more :) The world unites against the aggressor.....cant wait to see the Russian bankruptcies pile up.


American puppet, Ukraine wanted this war. Russia will survive and in time thrive. Ukrainians won't have a country. Most countries (outside of NATO) are either neutral or backing Putin and looking forward to better days. Taiwan is next.


WTF are you smoking? Ukraine wanted this war? Russia will NEVER thrive. This country is a POS. Nobody wants to invade it or live there except the locals.
27   RWSGFY   2022 Mar 7, 7:40am  

(Reuters) -In bright sunshine, a long queue of shoppers snaked outside an IKEA store near Moscow late last week. Similar scenes were repeated across Russia as families rushed to spend their fast-depreciating roubles at the Swedish retailer which is exiting the crisis-hit country.

Russians are bracing for an uncertain future of spiraling inflation, economic hardship and an even sharper squeeze on imported goods.
The rouble lost around a third of its value last week, after unprecedented Western sanctions were imposed to punish Russia for invading Ukraine. The moves froze much of the central bank’s $640 billion in reserves and barred several banks from global payments system SWIFT, leaving the rouble in free-fall.
...

While there is no palpable sign of panic, the wipe-out of rouble savings and the doubling of interest rates to 20% will squeeze mortgage holders and consumers.

Financial conditions -- reflecting availability of credit in the economy -- have tightened brutally this year, which Oxford Economics predicted would shrink domestic demand by 11% by year end and raise unemployment by 1.9 percentage points in 2023.
Zach Witlin, an analyst at Eurasia Group, notes sanctions are already hitting consumers via prices hikes and digital payments disruptions.
While consumers are not directly targeted, “fear and caution are exaggerating the impact,” with the exit of foreign brands such as IKEA creating a “snowball effect,” he added.
IMPORTS TO ISOLATION
Cars, machinery and car parts comprised nearly half of Russia’s $293 billion imports last year, according to the Federal Customs Service.

While only a few Russian companies are targeted by sanctions “all of them will feel the chilling effect,” said Matt Townsend, sanctions partner at law firm Allen & Overy. “This is why sanctions are a very effective measure to isolate a country.”

The immediate economic shock will cause a 35% GDP contraction in the second quarter and a 7% decline in 2022, JPMorgan predicted. But “growing political and economic isolation will curtail Russia’s growth potential in years to come,” it added.
That may come about if restrictions “limit the acquisition of technology needed to support Russia’s highest value industries,” RBC Global Asset Management warned.
The Biden administration is preparing rules to curb Moscow’s ability to import smartphones, aircraft parts and auto components.
But multinationals, from tech firms Apple and Microsoft to consumer goods producers Nike and Diageo, have severed links with Russia, meaning shoppers will have limited access to the consumer goods they have grown accustomed to over three decades.
Chinese companies, so far staying put, could grab some market share but they too could fall prey to secondary sanctions as many of their products such as smartphones use U.S. origin technology.
Some Russians are not staying to find out. Lidia, a freelance worker from Rostov said the money transfer curbs were complicating receiving payments from abroad.
“The sanctions have hit me very hard. Prices are already up around 20%...It’s a fact that you already can’t buy some medicines. Things will get worse,” she said.
“Today my family and I are leaving Russia.”

28   RWSGFY   2022 Mar 7, 7:42am  

My employer has exited Russia last Thursday. Sales office, development team, datacenter - all gone.
29   BoomAndBustCycle   2022 Mar 7, 8:51am  

FuckTheMainstreamMedia says
gabbar says
Bd6r says
Fortwaynemobile says
It’s $6 a gallon here now

about 3.30 around here


If gas goes to $6/gallon, people will cut down on driving.


It’s already there in California and public transportation in Los Angeles isn’t a viable option so we shall see.
gabbar says
If gas goes to $6/gallon, people will cut down on driving.


Already cut out driving … I work from home and door dash and instacart often. Still need to drive kid to school and sports… but that’s why I have a hybrid with a big enough electric battery to use hardly any gas. Filling up my 6 gallon tank every few months isn’t really a high expense I stress over.
31   Eric Holder   2022 Mar 7, 10:36am  

AmericanKulak says


One of the posters here was VERY concerned about rising food prices. Until it was pointed to him that Ukraine is one of the top exporters of aggro stuff in the world and fighting in the wheat field is not really conducive to good crop. The concern has immediately evaporated.

I guess eradication of imaginary Nazis is worth the price.
32   Eric Holder   2022 Mar 8, 10:26am  

Shell to Stop All Purchases of Russian Crude Oil


By Joe Woelfel
Updated March 8, 2022 9:51 am ET / Original March 8, 2022 5:49 am ET


Shell said Tuesday it will stop all spot purchases of Russian crude oil, and also plans to shut its service stations, aviation fuels, and lubricants operations in Russia.

“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel—despite being made with security of supplies at the forefront of our thinking—was not the right one and we are sorry.”

The oil giant reiterated that it would “commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund.”

Shell (ticker: SHEL) said it intends to withdraw from its “involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas in a phased manner, aligned with new government guidance.”

The company also said it was changing its crude oil supply chain to remove Russian volumes. “We will do this as fast as possible, but the physical location and availability of alternatives mean this could take weeks to complete and will lead to reduced throughput at some of our refineries.”

Shell said last week it would end partnerships with Gazprom, the state-controlled energy company, and end its involvement in the Nord Stream 2 pipeline project.

American depositary receipts of Shell were rising 3.4% Tuesday to $53.30.
33   Eric Holder   2022 Mar 8, 10:31am  

Russian Tech Giant Yandex Says Might Default


By AFP
March 4, 2022

Russian tech giant Yandex warned Thursday it may default on its debt after it was suspended from trading on New York's digital stock exchange.

Nasdaq and the New York Stock Exchange this week halted all listings of Russian companies until they explain how they will be impacted by sanctions imposed by the U.S. and its allies in the wake of Moscow's invasion of Ukraine.

In a press release published Thursday, Yandex, which is legally headquartered in the Netherlands but has its main offices in Russia, said that it was not targeted by the sanctions.

"There are currently no regulatory restrictions on the ability of U.S., U.K. or EU persons to acquire and trade in Yandex's securities," it added.

Nonetheless, the company, often called the "Russian Google" for its size and breadth of services, said that if it is suspended for more than five trading days, owners of certain bonds will legally be able to redeem their debt with interest.

"The Yandex group as a whole does not currently have sufficient resources to redeem the notes in full," the company said.

Even if the company was able to secure financing to pay them in full, Yandex said such a large expenditure would "have a material adverse effect on our short-term financial position and liquidity and may affect our ability to meet our other obligations."

The company added that it was exploring what financing options were available to it.

Nasdaq, in a response to an AFP inquiry, said that the Yandex listing "remains halted."

In 2021, Yandex earned about 356 billion rubles — about $4.77 billion at the December exchange rate.

The company's search engine, which launched in 1997, is the largest of its kind in Russia, representing over 60% of the country's internet searches in the last quarter of 2021, according to the company.

The group has diversified its products in recent years and now offers a ride hailing and grocery delivery service.
34   Bitcoin   2022 Mar 8, 10:33am  

Eric Holder says
Russian tech giant Yandex warned Thursday it may default on its debt


Beautiful. And just the beginning. The Russian economy is done :)

Biden just announced to stop energy imports from Russia. EU will have to do the same.
35   AmericanKulak   2022 Mar 8, 10:41am  

Eric Holder says
One of the posters here was VERY concerned about rising food prices. Until it was pointed to him that Ukraine is one of the top exporters of aggro stuff in the world and fighting in the wheat field is not really conducive to good crop. The concern has immediately evaporated.


Mariupol is under siege and it looks like Odessa is next. I imagine every truck in Ukraine is supporting the war effort, and their gas won't be cheap.
36   Eric Holder   2022 Mar 8, 12:23pm  

AmericanKulak says
Eric Holder says
One of the posters here was VERY concerned about rising food prices. Until it was pointed to him that Ukraine is one of the top exporters of aggro stuff in the world and fighting in the wheat field is not really conducive to good crop. The concern has immediately evaporated.


Mariupol is under siege and it looks like Odessa is next. I imagine every truck in Ukraine is supporting the war effort, and their gas won't be cheap.


This year's agro season there is F.U.C.K.E.D. Thank you, Mr. Putler!

The biggest impact would be on the Middle East where most of the wheat exports were going.
38   Patrick   2022 Mar 8, 12:37pm  

Ceffer says
You can tell now when the hurricane winds of the captive MSM turn knee jerk in unison in a particular direction onto a target, that as a people we need the opposite.



All our recent experience confirms that this is true.

This is what makes me very skeptical of all the hate for Russia.
39   cisTits   2022 Mar 8, 1:20pm  

Yandex is my main source of TITTIES!

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