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richwicks says
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 News
September 13, 2022, 6:16 AM PDT
Russia’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.
🇵🇱🇪🇪🇱🇻🇱🇹🇺🇦
richwicks says
The US NEVER ends sanctions, ever.
Here ya go for yandex challenged:
US ends sanctions program on Burundi, noting reforms
https://apnews.com/article/joe-biden-united-states-antony-blinken-kenya-east-africa-5820adb1254b135f596b2bd84cadac0b
Russia’s energy revenues shrank in August to the lowest
RWSGFY says
Russia’s energy revenues shrank in August to the lowest
China 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?
richwicks says
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
richwicks says
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.
Russia started selling metals to Asia at a 50% loss. Profitability has become "negative," the Russian Steel Association said.
NEGATIVE PROFITABILITY IS STILL PROFITABILITY!!!!!
We should be insisting Europe build LNG ports for US gas right now or be talking about tariffs/reducing NATO commitments.
Because of Demographic and Industrialization collapse.
Russian railways are running low on cassette bearings and have taken 10,000 freight cars out of service, with 200,000 more at risk. This is serious, since Russia is heavily dependent on rail transport.
Russian railways are running low on cassette bearings and have taken 10,000 freight cars out of service, with 200,000 more at risk. This is serious, since Russia is heavily dependent on rail transport.
https://twitter.com/UndercoverDane/status/1582050628989517824
It's not hard to make a metal ball. It does have to be very close to being round.
richwicks says
It's not hard to make a metal ball. It does have to be very close to being round.
ROTFLMAO.
MOSCOW (Reuters) - Inflationary expectations for the year ahead among Russian households rose in October to 12.8% from 12.5% in September, the central bank said in a report on Tuesday, just days before it is due to make a decision on its key interest rate.
Russia’s Flagship Oil Falls Further Below Proposed EU Price Cap
BySherry Su and Jack Wittels
November 28, 2022 at 5:07 AM PST
Russian flagship crude oil dipped again on Friday, serving as a reminder of the challenges facing European Union diplomats haggling over a price level at which to cap Moscow’s exports.
The country’s key Urals grade fell to $51.96 a barrel at the Baltic Sea port of Primorsk, according to data provided by Argus Media Ltd., a publisher of physical commodity prices. It fell by a similar amount, and to a similar level, from Novorossiysk in the Black Sea.
Hugh_Mongous says
richwicks says
It's not hard to make a metal ball. It does have to be very close to being round.
ROTFLMAO.
What I mean is that a ball bearing that isn't very close to being a sphere will quickly wear down to one that is, and leave a bunch of particles of metal that will grind down the rest of the ball bearings.
Bearings aren’t something you can accept low quality on.
Not ever.
The Russian airline Aeroflot is no longer providing streaming services for passengers to watch films or listen to music during flights.
According to the airline’s Telegram channel, the service has become inaccessible due to the “refusal of foreign suppliers” on A320, A321, and Boeing 737 models, which account for almost all of the company’s planes.
Aeroflot assured passengers that the lack of streaming services is temporary. “We’re already working on a new, domestic solution, which we’ll be happy to provide for you in the New Year!” read its statement. In the meantime, the company suggested, passengers can take a “December digital detox during their flight.”
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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