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London (CNN Business)Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.Russia attempted to pay in rubles for two dollar-denominated bonds that matured on April 4, S&P said in a note on Friday. The agency said this amounted to a "selective default" because investors are unlikely to be able to convert the rubles into "dollars equivalent to the originally due amounts."According to S&P, a selective default is declared when an entity has defaulted on a specific obligation but not its entire debt.Moscow has a grace period of 30 days from April 4 to make the payments of capital and interest, but S&P said it does not expect it will convert them into dollars given Western sanctions that undermine its "willingness and technical abilities to honor the terms and conditions" of its obligations.A full foreign currency default would be Russia's first in more than a century, when Bolshevik leader Vladimir Lenin repudiated bonds issued by the Tsarist government.Russia cannot access roughly $315 billion of its foreign currency reserves as a result of Western sanctions imposed following its invasion of Ukraine. Until last week, the United States allowed Russia to use some of its frozen assets to pay back certain investors in dollars. But the US Treasury has since blocked the country from accessing its reserves at American banks, part of its effort to ramp up pressure on Russian President Vladimir Putin and further diminish his war chest.
Indian steel company Tata Steel has ended its cooperation with Russia, the company says in a statement.
Former Novatek top manager Sergey Protosenya, his wife and daughter were found dead in Spain, TASS reports with reference to the Telecinco TV channel.The bodies of three people were found on Tuesday in a house in the village of Lloret de Mar (province of Girona), but the police did not name either the names or the nationality of the deceased. But, according to the channel, we are talking about Protosen and his family.According to the channel, Protosenya owned a fortune of 400 million euros and lived in France. The family came to Spain for the Easter holidays.The police are considering a version according to which Protosenya could have killed his wife and daughter, and then committed suicide.On April 18, under similar circumstances, the former vice-president of Gazprombank Vladislav Avaev, his daughter and wife were found dead in Moscow. The bodies were found in an apartment on Universitetsky Prospekt - they were discovered by a relative who could not get through to the Avaevs for several days. According to investigators' preliminary version, Avaev shot his wife and 13-year-old daughter with a pistol and then committed suicide. The police made this conclusion because the weapon was in Avaev's hands. The door was locked from the inside, no traces of other persons being in the house during the shooting were found. The GSU TFR qualified the incident under Part 2 of Art. 105 of the Criminal Code - the murder of two or more persons.On February 25, 61-year-old Alexander Tyulyakov, deputy general director of the Gazprom Unified Settlement Center for corporate security, was found dead in a cottage near St. Petersburg. Previously, he served as Deputy General Director for Corporate Security and Human Resources at Gazprom Transgaz St. Petersburg, which was involved in the export and transportation of fuel to several Russian regions. Police determined that the man committed suicide. There was a note next to his body.In January, in the same village, the 60-year-old top manager of Gazprom, Leonid Sh., who also previously worked at Gazprom Transgaz, committed suicide and left a suicide note.
I always thought that the pandemic was a cover for some economic problem,
richwicks saysI always thought that the pandemic was a cover for some economic problem,I assumed shutting down the country was to tank the economy and get Trump out of office.
* Closed: online store naukabooks.ru, stores "Akademkniga", scientific electronic database libnauka.ru.* NOVATEK (Russia's second largest gas producer) announced that it will not publish financial statements and hold a teleconference with investors based on the results of the first quarter of 2022.* In March, the volume of microloans issued in Russia fell by about 22%.* Decrease in prices for apartments of mass demand in Moscow in March ranged from 3% to 9% depending on the district. The people are leaving Moscow.* Sales of smartphones in Russia in March fell by 20% compared to March last year.* In the first half of April, the average daily volume of oil refining into gasoline and diesel fuel in Russia decreased by 6%. And this is before the oil embargo.* An automobile plant in Kaluga (Peugeot, Citroen, Opel) was stopped. And due to the shutdown of AvtoVAZ, electricity consumption in the Samara region decreased by 3.4% year-on-year.* The production of Buk, Kub and Tunguska air defense systems was stopped at the Ulyanovsk Mechanical Plant - there are no imported parts. Employees have been sent on leave. The production of tanks at Uralvagonzavod was stopped a long time ago.
News of the political blockade of Russia* Turkey has closed airspace for Russian aircraft flying to Syria.* Air carriers from Russia will not be able to launch new flights to the US.* The Pope has canceled a meeting with Patriarch Kirill.* The parliaments of Lithuania and Latvia declared May 9 "the day of memory of the heroes of Ukraine." And Kazakhstan canceled the parade that day.* Russia was stripped of its permanent observer status in the Organization of American States.* The UNESCO session was supposed to be held in Kazan - it will be held outside of Russia.* Russia will close the Consulate General of Latvia, Lithuania and Estonia in St. Petersburg.* In 2019, the share of foreigners in the Russian concert market was, according to MTS ticket services, 20%. And in March of this year, it was less than 1%. A total of 15 concerts throughout Russia, three of which have already been cancelled.
SYDNEY (Reuters) -A Fiji court ruled on Tuesday that the United States can seize a Russian-owned superyacht, 21 days after it arrived and was impounded by police, as the United States and its allies press Russia over its invasion of Ukraine.U.S. authorities assert that the luxury vessel, the Amadea, is ultimately owned by Russian oligarch Suleiman Kerimov, who has been sanctioned by the United States and the European Union.The U.S. Justice Department’s Taskforce KleptoCapture has focused on seizing yachts and other luxury assets to put the finances of Russian oligarchs under strain in a bid to pressure Russian President Vladimir Putin over the war in Ukraine.Fiji’s High Court granted the order to seize the Amadea, Fiji’s Office of the Director of Public Prosecutions said in a statement.The order was made after the DPP applied to register a U.S. warrant to seize the yacht, it said.
The fucking thing is YUUUGE, prolly bigger than the cruiser "there is no proof it really sunk" Moskva.
Moscow — Russia has eased safety standards for cars produced on its territory, such as dropping the requirement for airbags, after Western sanctions over the war in Ukraine caused a shortage of electronic components and car parts. In a decree signed on May 12, the Russian government announced a list of reduced requirements to certify some types of new vehicles produced in the country.It includes the production of cars without Anti-Lock Braking System (ABS) sensors, airbags or Emergency Locking Retractors (ELR) for seatbelts. The decree is in effect until February 1, 2023.
Production of Russia's Soviet-era car brand the Moskvich could resume using a Chinese platform in partnership with truckmaker Kamaz, two sources told Reuters on Thursday, with the model to be built at Renault's former Moscow factory.The sources told Reuters that Kamaz was in talks with its partner, Chinese carmaker JAC, about using its design, engineering and production platform to produce the brand. Kamaz and Moskvich declined to comment.The Moskvich is set to make a surprise comeback in Russia as Moscow takes over assets belonging to Renault, after the French carmaker said it was selling its majority stake in Avtovaz to a Russian science institute.Russian business daily Vedomosti, which first reported the news on Thursday, cited a source as saying that production would begin no later than the fourth quarter of this year.
The Kaluga region, south of Moscow, once known for its 'economic miracle' after attracting major foreign carmakers, is threatened by Western sanctions amid the ongoing war in Ukraine.Had he known, Dmitri Petrov would not have undertaken the imposing project of adding a second floor to the charming brick house that he and his wife have been building for three decades. The result is convincing, though and construction is well under way. The garden looks like a small English park, with its neat pond, its impeccable lawn and the very Russian-style vegetable garden, which is awaiting summer to yield juicy vegetables.But he is facing two issues. Since the onset of the war in Ukraine, on February 24, inflation is rising and the price of building materials has almost doubled. According to Mr. Petrov, 50, it's not the right time for grandiose projects, but rather one of uncertainty, in the Kaluga region, south of Moscow, where sanctions are being felt.More on this topic French carmaker Renault sells Russian assets to MoscowMr. Petrov is a Volkswagen employee, a forklift operator. Tomorrow will mark his third month of temporary lay-off. His pay, which he usually considers "very good," was reduced by one third. Not only is he now paying attention to the price of building materials, but also to that of basic necessities like milk, which he loves. Had he known the tough situation awaiting Russia amid sanctions that he finds "unjust," Mr. Petrov would have waited a bit more for his house extension project.
Russian Minister of Transport Vitaly Savelyev said that the sanctions have led to serious problems with logistics in Russia.“Those sanctions that were imposed today on the Russian Federation practically broke all the logistics in our country. And we are forced to look for new logistics corridors,” he told reporters during a visit to the Astrakhan region.
May 22, 23:49 / BusinessRussia is running out of reagents for medical tests Anna Kiseleva Margarita Sobol An increase in the delivery time of equipment, reagents and consumables is confirmed by 63.1% of employees of public and private clinical and biological laboratories, showed a survey conducted at the request of Vedomosti by the Aktion medicine company, which is part of the Aktion group. The study involved 130 respondents: heads (53.8%) and doctors of laboratories (21.5%), as well as biologists, technologists, laboratory assistants (10.8%), nurses (6.2%), chief doctors and specialists on public procurement of medical organizations (5.4 and 2.3%, respectively). 49.2% of respondents noted interruptions in supplies, and in 20% they stopped altogether. Another 18.5% of respondents had to switch to new manufacturers and distributors, 16.2% had problems with paying for supplies. And only 5.4% of respondents said that nothing has changed in their work.On May 20, a patient of the seventh branch of the Moscow Polyclinic No. 121 could not get a referral from a doctor for a complete blood count. The doctor explained his refusal by the lack of reagents in the laboratory, she told Vedomosti. Other visitors to medical institutions also face a similar problem. For example, a doctor at a polyclinic in Krasnoznamensk, near Moscow, for the same reason, warned that referrals for even a simple blood test would not be issued, a resident of the city said. Due to difficulties with consumables, veterinary clinics performed biochemical tests only in emergency cases in April, says Yan Muzalevsky, chief physician of the Alisa network of Moscow veterinary clinics.
Lets not give (some of) ourselves a false hope - Russian economy is uniquely resistant against sanctions. Everything boils down to (1) how bad will it go for them in Ukraine, and (2) how much lowering of their life quality will Russian population tolerate. https://oilprice.com/Energy/Energy-General/Why-Russias-Economy-Hasnt-Collapsed-Under-The-Weight-Of-Sanctions.html Until now, a majority of analysis has focused on Russia’s military failures, Zelensky's impressive leadership, and the surprisingly unified response of the international community. What has been relatively overlooked is the resilience of Russia’s economy when it comes to surviving sanctions. In a globalized world that is already suffering from supply chain problems, an energy shortage, and an economic slowdown, it is remarkable that ...
they trying to create a cauldron or what in the Donbas? If they are, speed it up. If they aren't, what's their problem?
don't believe the Ukies themselves are fighting very hard.
There's a lot of strange stories and shit isn't adding up on both sides.Are they trying to create a cauldron or what in the Donbas? If they are, speed it up. If they aren't, what's their problem?
Depends on unit but on average they are fighting hard. Proof - Russians have been ejected from swaths of territories and have scaled back their appetites considerably.
A more interesting question is why Putin attacked at exactly right moment when it was starting to be clear that covid!!! panic was manufactured and shutdowns/vaccines had killed more than covid itself. War drowned out covid in media
This is just an opinion, but I think it's pure coincidence.
richwicks saysFortWayneAsNancyPelosiHaircut saysWell, they swapped Ukraine in, overnight got rid of masks... and now we talking about Russia/Ukraine all day long.It's called the Overton Window. I actually regard the Ukraine war as basically yet another distraction. I wonder what fuckery our government is up to during times like these?Obviously, our government has hired Pooty-poot to distract us from FortWhine's problems, duh.
FortWayneAsNancyPelosiHaircut saysWell, they swapped Ukraine in, overnight got rid of masks... and now we talking about Russia/Ukraine all day long.It's called the Overton Window. I actually regard the Ukraine war as basically yet another distraction. I wonder what fuckery our government is up to during times like these?
Well, they swapped Ukraine in, overnight got rid of masks... and now we talking about Russia/Ukraine all day long.
Son of Medvedev - the clown who was warming pedo Vlad's seat for 4 years in order to circumvent the constitutional limit on the number of terms in the office - has been kicked out of the US:https://mobile.twitter.com/expatua/status/1533115068526825473?ref_src=twsrc%5Etfw
White House officials are leaking about America’s mounting economic crises, admitting privately that Democrat President Joe Biden’s sanctions against Russia are “exacerbating inflation and worsening food insecurity.”Biden admin insiders are reportedly raising concerns the sanctions on Russia are causing massive “collateral damage” to the American and the world economy.Worryingly, the White House officials say Biden’s miscalculation and bungled rollout of the sanctions may lead to a worldwide famine that will destabilize the entire world.Saagar Enjeti, co-Host of “Breaking Points with Krystal and Saagar,” revealed the growing panic from within Biden’s team.“White House officials privately admit ‘the collateral damage’ from Russia sanctions ‘has been wider than expected’,” Enjeti said.
@gabbarHow would you feel about this plan: The US could utilize their best special forces to deploy a covert team into Moscow. Similar to what we did with other terrorist in previous years.That special force team would take out Putin, some of the generals and maybe some oligarchs.We would then plant US trained leaders in Moscow so that Moscow becomes controllable for the US. The way i think about this is Russia could become a special exporter of goods to the US at special conditions (reduced pricing) as a pay-back for the US efforts.
@gabbarHow would you feel about this plan: The US could utilize their best special forces to deploy a covert team into Moscow. Similar to what we did with other terrorist in previous years.That special force team would take out Putin, some of the generals and maybe some oligarchs.We would then plant US trained leaders in Moscow so that Moscow becomes controllable for the US. The way i think about this is Russia could become a special exporter of goods to the US at special conditions (reduced pricing) as a pay-back for the US efforts.I hear you. Its wishful thinking. We gotta get over 2022 without widespread chaos first.
Germany to fire up coal plants as Russia turns down the gasAs Russia reduces its supply of natural gas, Economy Minister Robert Habeck has said Germany must curb its usage. Otherwise, things "could get tight in winter," he said.
Germany to fire up coal plants
Russia has become China's biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.Imports of Russian oil rose by 55% from a year earlier to a record level in May, displacing Saudi Arabia as China's biggest provider.