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A small cold shower for lovers of cheap Russian oil hit one of the fairly large Indian refineries yesterday. Leading traders and banks have cut ties with India's Nayara Energy (49% owned by Rosneft) over ties to Russia.The logic of the decision is simple: either you buy Russian oil, or you work with the rest of the world. The collective farm is a voluntary business, and this is your decision, we respect it. But in this case, live with your decision on your own, without us.In fact, these are secondary sanctions - that is, restrictions that are imposed on those who ignore the primary sanctions.The meaning of the sanctions against Nayara Energy is not even to force it to reconsider its decision, but to warn everyone else - and the rest, willy-nilly, will be forced to think about the topic: do we need it?By the way, fears of secondary sanctions in many ways hinder the ardent desire of Chinese and Indian companies to take advantage of Russia's plight and grab a lot and on the cheap.While they grab, but they do it without fanaticism and looking over the shoulder. After such a clear warning, they will start to look over their shoulder more often. If one or two more such warnings follow, then most likely the majority will understand that the benefit in this case is greatly exaggerated.
Russia is burning off large amounts of natural gasExperts say that the gas would previously have been exported to Germany. They say the plant, which is near the border with Finland, is burning an estimated $10m (£8.4m) worth of gas every day.The analysis by Rystad Energy indicates that around 4.34 million cubic metres of gas are being burned by the flare every day.It's coming from a new liquified natural gas (LNG) plant at Portovaya, north-west of St Petersburg. The first signs that something was awry came from Finnish citizens over the nearby border who spotted a large flame on the horizon earlier this summer. Portovaya is located close to a compressor station at the start of the Nordstream 1 pipeline which carries gas under the sea to Germany. Supplies through the pipeline has been curtailed since mid-July, with the Russians blaming technical issues for the restriction. Germany says it was purely a political move following Russia's invasion of Ukraine.But since June, researchers have noted a significant increase in heat emanating from the facility thought to be from burning gas. Russian energy company Gazprom may have intended to use that gas to make LNG at the new plant, but may have had problems handling it and the safest option is to flare it off.
MOSCOW, Aug 8 (Reuters) - Russian airlines, including state-controlled Aeroflot (AFLT.MM), are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters.The steps are in line with advice Russia's government provided in June for airlines to use some aircraft for parts to ensure the remainder of foreign-built planes can continue flying at least through 2025.
MOSCOW, Sept 1 (Reuters) - Ravil Maganov, the chairman of Russia's second-largest oil producer Lukoil (LKOH.MM), died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, becoming the latest in a series of businessmen to meet with sudden unexplained deaths.The sources confirmed reports by several Russian media that the 67-year-old had plunged to his death, but the circumstances surrounding his fall were unclear.
I seriously wonder if it's the Russian government burning and blowing up their super yachts.
I seriously wonder if it's the Russian government burning and blowing up their super yachts.insurance fraud
They let him have an executioner's last cigarette before launch.I do wonder how these oligarch deaths tie in with the anti-Globalist agendas or if they do at all.
@RWSGFY,this oligarch participated in real-life meme:
@RWSGFY,this oligarch participated in real-life meme:He spoke against the war last March, iirc.
Sanctions will never be dropped.
Sanctions will never be dropped.Link?
The US NEVER ends sanctions, ever.
Quote:According to preliminary figures released by Russia’s finance ministry on Monday, the country’s budget surplus narrowed to around $2.3 billion in August, less than half of the roughly $8 billion reported from January to July.Oil and gas revenues, which made up roughly half of Moscow’s total budget revenues so far in 2022, were also down 18% compared to the same period last year, according to the data.
Bloomberg NewsSeptember 13, 2022, 6:16 AM PDTRussia’s energy revenues shrank in August to the lowest in more than a year as Western sanctions over Ukraine prompted the Kremlin to sell discounted oil and squeeze gas flows to Europe.The refusal to buy Russian oil by some traditional customers in Europe means Moscow has been forced to sell oil at a steep discount in Asian markets, depriving it of the full benefit of higher prices. While August saw record-high spot gas prices in Europe, gas levies, which take up a smaller share in the budget, couldn’t fully offset lower oil revenues. State-run Gazprom PJSC has significantly cut gas exports to Europe this summer, blaming sanctions for capped flows.Russia’s oil and gas revenues, which account for more than a third of nation’s budget, fell to 671.9 billion rubles ($11.1 billion) last month, the lowest since June 2021, according to Finance Ministry’s data published Monday. That’s a drop of almost 13% from July. It’s also a 3.4% decline from a year ago, even though Urals crude prices rose almost 10%.
Poland, Estonia, Latvia and Lithuania have banned the entry of Russians into their countries.The Russians won’t be let in, even if they have a tourist visa issued by another Schengen state.🇵🇱🇪🇪🇱🇻🇱🇹🇺🇦
The US NEVER ends sanctions, ever.Here ya go for yandex challenged:US ends sanctions program on Burundi, noting reformshttps://apnews.com/article/joe-biden-united-states-antony-blinken-kenya-east-africa-5820adb1254b135f596b2bd84cadac0b
Russia’s energy revenues shrank in August to the lowest
Russia’s energy revenues shrank in August to the lowestChina and India will exploit this to buy cheaper oil from Russia.
https://twitter.com/i/web/status/1572334387219533827 The Russian stock market plummeted by nearly 9% today.Something is brewing in Moscow and the oligarchs are aware of it.
The Russian rail system is being starved of rolling stock because of a shortage of roller bearings for their axles. Some 10,000 railway cars were pulled offline because of a bearing shortage in August with another 20,000 expected to be sidelined in the next two months. Repair facilities are unable to repair them because of the shortage. This represents about 20-30% of Russian rail cars of all types Russian imports about half of the bearings it uses in heavy industry. In May, Russian truck manufacturers like the GAZ group, KAMAZ and UAZ had to stop their production because of these shortages. Premium bearing makers like SKF(Sweden), Schaeffler(Germany), NSK(US) and Timken(US) have either closed facilities in Russia and moved them elsewhere to countries like Poland or sold off their assets to private individuals inside Russia.Russia moves much of its freight by rail, especially heavy equipment like tanks, APCs, and artillery. It also moves coal by rail and this shortage will affect the ability of Russia to make promised deliveries of coal to China. One of the bearing types in short supply is Cassette-type bearings fitted to rail cars with large axial loads. These are mostly used for coal transportation in Russia.This problem with rolling stock being out of service for a lack of roller bearings will have a ripple effect on Russian industries like transportation, military hardware, trucks and cars, communications, and the production of consumer goods. Almost all heavy machinery used in manufacturing uses bearings of some kind.Russia is looking to resource these bearings from Asian countries but will face significant quality problems in doing so. The manufacture of roller bearings requires specially treated steel and a very precise process of milling and finishing. It is doubtful China or India would be able to make roller bearings to these specifications or the Russians would already be buying them.The Russian railway system is 98% state-owned and employs some 750,000 people.
Already do. The discount is said to be ~30% (that's on top of the common Urals discount).
From that article:"Sanctions and visa restrictions on 11 people designated under the program have been lifted,"This is why I ignore "mainstream 'news'"I bet you really struggled to find that as well. Good effort. 11 people. Wow.
You said: US has never lifted sanctions.
I provided a link that shows US has lifted sanctions.You were wrong.
It's wasn't even sanctions.
The US purposely killed 1/2 million children in Iraq - for what?
It's wasn't even sanctions.Sanctions is whatever Richwicks defines as sanctions? Sounds similar to new woke definitions...or new definitions of pandemic.https://www.merriam-webster.com/dictionary/sanctions
The US purposely killed 1/2 million children in Iraq - for what?Irrelevant to present discussion about lifting of sanctions. WHAT ABOUT OPPRESSING NEGROES? WHAT ABOUT BIDET BEING SENILE?
Russia started selling metals to Asia at a 50% loss. Profitability has become "negative," the Russian Steel Association said.
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