Russia is Winning
- Thread starter Legion
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Matt Dillon
Retardium User
How about no.
Ruble’s Rebounded
While Russia’s currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize.
It is now trading at around 99 rubles to the dollar, about 17% weaker than it was before Russian troops invaded Ukraine on Feb. 24.
Russian banks offered slightly fewer rubles for customers’ dollars than the Moscow Exchange on Monday. Many Western banks are no longer providing electronic quotes to buy and sell the ruble. Clients instead must call the bank and ask if it is willing to process a trade. Banks, worried about the optics of running afoul of weak, woke Western sanctions, are clearing every ruble transaction with their legal and compliance departments.
Weak, woke Western sanctions against Russia left carve-outs for exporters of energy upon which Europe is particularly dependent, which kept dollars and euros flowing into the country.
Russia ordered those exporters to sell 80% of their foreign-currency revenues and buy rubles, helping the currency appreciate.
President Vladimir Putin recently said he wants European nations to begin buying Russian gas with rubles rather than dollars and euros. That reverses the current flow of money, making sanctimonious sanctioning nations support Russia’s currency and ensuring that all funds from energy sales support its value, said Christian Kopf at asset manager Union Investment.
Oil prices above $100 a barrel are also adding a boost to revenue, even if Moscow’s inventories trade at a discount.
Russia is continuing to sell its oil, meaning exports and money gained from those will more than make up for the insignificant impact of bungling Biden's sanctimonious sanctions.
https://www.wsj.com/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200
While Russia’s currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize.
It is now trading at around 99 rubles to the dollar, about 17% weaker than it was before Russian troops invaded Ukraine on Feb. 24.
Russian banks offered slightly fewer rubles for customers’ dollars than the Moscow Exchange on Monday. Many Western banks are no longer providing electronic quotes to buy and sell the ruble. Clients instead must call the bank and ask if it is willing to process a trade. Banks, worried about the optics of running afoul of weak, woke Western sanctions, are clearing every ruble transaction with their legal and compliance departments.
Weak, woke Western sanctions against Russia left carve-outs for exporters of energy upon which Europe is particularly dependent, which kept dollars and euros flowing into the country.
Russia ordered those exporters to sell 80% of their foreign-currency revenues and buy rubles, helping the currency appreciate.
President Vladimir Putin recently said he wants European nations to begin buying Russian gas with rubles rather than dollars and euros. That reverses the current flow of money, making sanctimonious sanctioning nations support Russia’s currency and ensuring that all funds from energy sales support its value, said Christian Kopf at asset manager Union Investment.
Oil prices above $100 a barrel are also adding a boost to revenue, even if Moscow’s inventories trade at a discount.
Russia is continuing to sell its oil, meaning exports and money gained from those will more than make up for the insignificant impact of bungling Biden's sanctimonious sanctions.
https://www.wsj.com/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200
Germany Braces for Less Gas as Russia Demands Ruble Payments
Germany began bracing for a sudden drop in Russian natural gas supplies amid Russian threats to slash energy exports, the German government said Wednesday.
Germany’s economy minister Robert Habeck said Berlin has triggered the early-warning stage of a contingency plan that aims to insulate the country against any possible reduction in Russian gas deliveries, adding that Russian supplies continue uninterrupted.
The triggering of the early warning stage is a formality in Germany’s elaborate contingency plan for possible energy shortages. It means that a special government task force will be formed to monitor developments in global gas markets and intervene if needed.
“There is currently no shortage of supply but we must increase preparedness and brace for the case of escalation by Russia,” Mr. Habeck said.
The announcement comes after Russia’s government said last week that it would only receive rubles as payment for gas exports. Gas contracts between German and Russian companies are denominated in euros. Western sanctions imposed on Moscow for its invasion of Ukraine prevent companies from purchasing rubles.
A European natural-gas price benchmark rose nearly 12% on Wednesday.
https://www.wsj.com/articles/germany-braces-for-less-gas-as-russia-demands-ruble-payments-11648633016
Germany began bracing for a sudden drop in Russian natural gas supplies amid Russian threats to slash energy exports, the German government said Wednesday.
Germany’s economy minister Robert Habeck said Berlin has triggered the early-warning stage of a contingency plan that aims to insulate the country against any possible reduction in Russian gas deliveries, adding that Russian supplies continue uninterrupted.
The triggering of the early warning stage is a formality in Germany’s elaborate contingency plan for possible energy shortages. It means that a special government task force will be formed to monitor developments in global gas markets and intervene if needed.
“There is currently no shortage of supply but we must increase preparedness and brace for the case of escalation by Russia,” Mr. Habeck said.
The announcement comes after Russia’s government said last week that it would only receive rubles as payment for gas exports. Gas contracts between German and Russian companies are denominated in euros. Western sanctions imposed on Moscow for its invasion of Ukraine prevent companies from purchasing rubles.
A European natural-gas price benchmark rose nearly 12% on Wednesday.
https://www.wsj.com/articles/germany-braces-for-less-gas-as-russia-demands-ruble-payments-11648633016
Joe Capitalist
Racism is a disease
Lesion is nothing but a Putin stooge. A paid Russian troll.
Last edited:
Who is "Lesson"? Friend of yours?
Joe Capitalist
Racism is a disease
Today, 07:17 AM
Lesion
Es scortum obscenus vilis
This message is hidden because Lesion is on your ignore list.
Lesion
Es scortum obscenus vilis
This message is hidden because Lesion is on your ignore list.
UN Food Chief Warns of Global Crisis Not Seen Since World War II
The U.N. food chief has warned that the conflict in Ukraine will have a global impact “beyond anything we’ve seen since World War II” and that the war has created “a catastrophe on top of a catastrophe.”
“We would have never dreamed anything like this would be possible,” David Beasley, executive director of the U.N. World Food Program told the U.N. Security Council.
Already-high food prices are now skyrocketing, said Beasley, because many of the Ukrainian farmers who produce a significant amount of the world’s wheat are unable to produce crops, and U.S. sanctions have cut off supplies of Russian grain.
The U.N. Food and Agriculture Organization warned earlier this month of a looming global food crisis, with supplies of crucial staple crops threatened amid the ongoing conflict. Russia and Ukraine are key exporters of grain, supplying nearly 30 percent of wheat and nearly 20 percent of corn in the global market.
Prior to Russia’s invasion of Ukraine on Feb. 24, Beasley said his agency was feeding 125 million people globally.
The agency has now been forced to cut rations due to skyrocketing food, fuel, and shipping costs, he explained. The rising costs have caused a $71 million per month increase in the agency’s operational costs, according to Beasley.
The Ukraine conflict is turning “the breadbasket of the world to breadlines” for millions of its people, while devastating countries like Egypt which normally gets 85 percent of its grain from Ukraine, and Lebanon which got 81 percent in 2020, Beasley said.
Beasley said the World Food Program buys 50 percent of its grain from Ukraine.
Wendy Sherman, the U.S. Deputy Secretary of State, told the Council that things will continue to deteriorate globally unless Ukraine reaches an accord with Russia soon.
https://www.theepochtimes.com/un-food-chief-warns-of-global-crisis-not-seen-since-world-war-ii_4371362.html
The U.N. food chief has warned that the conflict in Ukraine will have a global impact “beyond anything we’ve seen since World War II” and that the war has created “a catastrophe on top of a catastrophe.”
“We would have never dreamed anything like this would be possible,” David Beasley, executive director of the U.N. World Food Program told the U.N. Security Council.
Already-high food prices are now skyrocketing, said Beasley, because many of the Ukrainian farmers who produce a significant amount of the world’s wheat are unable to produce crops, and U.S. sanctions have cut off supplies of Russian grain.
The U.N. Food and Agriculture Organization warned earlier this month of a looming global food crisis, with supplies of crucial staple crops threatened amid the ongoing conflict. Russia and Ukraine are key exporters of grain, supplying nearly 30 percent of wheat and nearly 20 percent of corn in the global market.
Prior to Russia’s invasion of Ukraine on Feb. 24, Beasley said his agency was feeding 125 million people globally.
The agency has now been forced to cut rations due to skyrocketing food, fuel, and shipping costs, he explained. The rising costs have caused a $71 million per month increase in the agency’s operational costs, according to Beasley.
The Ukraine conflict is turning “the breadbasket of the world to breadlines” for millions of its people, while devastating countries like Egypt which normally gets 85 percent of its grain from Ukraine, and Lebanon which got 81 percent in 2020, Beasley said.
Beasley said the World Food Program buys 50 percent of its grain from Ukraine.
Wendy Sherman, the U.S. Deputy Secretary of State, told the Council that things will continue to deteriorate globally unless Ukraine reaches an accord with Russia soon.
https://www.theepochtimes.com/un-food-chief-warns-of-global-crisis-not-seen-since-world-war-ii_4371362.html
Today, 07:17 AM Lesion This message is hidden because Lesion is on your ignore list.
Noking
Fight authoritarianism support Noking
You just change the word Lesion to Lesson, isn't this a violation of rule 16????
Noking
Fight authoritarianism support Noking
Yes, we are at war with Russia, and you are promoting the enemy; you being the treasonous POS that you are.
Is that so, cum gargler?
Link to the declaration of war, will you?
Of course, I'll understand if you can't.