Punishing Russia With Sanctions
POSTED BY: THG
UPDATED: Tuesday, August 4, 2026 04:52
VIEWED: 33436
PAGE 26 of 63
Quote:Chip Roy had a good explanation for all that, but I didn't catch all the details correctly. Heard him being interviewed by Glenn Beck.
Originally posted by JEWELSTAITEFAN:
Not much news about the Russia Oil Ban Sanctions bill. Voted 414-17.
Maybe they are still trying to hide it.
Within the bill are new laws giving Lord Darth Obiden great powers to sanction anyplac3e for anything, forcing the world to have abortions.
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Quote:The text is here:
Originally posted by JEWELSTAITEFAN:Quote:Chip Roy had a good explanation for all that, but I didn't catch all the details correctly. Heard him being interviewed by Glenn Beck.
Originally posted by JEWELSTAITEFAN:
Not much news about the Russia Oil Ban Sanctions bill. Voted 414-17.
Maybe they are still trying to hide it.
Within the bill are new laws giving Lord Darth Obiden great powers to sanction anyplac3e for anything, forcing the world to have abortions.
https://www.congress.gov/bill/117th-congress/house-bill/6968/text
One hundredth seventeenth Congress of the United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Monday,
the third day of January, two thousand and twenty-two
An Act To prohibit the importation of energy products of the Russian Federation, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be known as the “Ending Importation of Russian Oil Act”.
SEC. 2. Prohibition on importation of energy products of the Russian Federation.
All products of the Russian Federation classified under chapter 27 of the Harmonized Tariff Schedule of the United States shall be banned from importation into the United States, in a manner consistent with any implementation actions issued under Executive Order 14066 (87 Fed. Reg. 13625; relating to prohibiting certain imports and new investments with respect to continued Russian Federation efforts to undermine the sovereignty and territorial integrity of Ukraine).
https://home.treasury.gov/system/files/126/eo_prohibitions_imports_inv
estments.pdf
SEC. 3. Termination of prohibition on importation of energy products of the Russian Federation.
(a) In general.—The President is authorized to terminate the prohibition on importation of energy products of the Russian Federation under section 2 if the President submits to Congress a certification under subsection (c). Such termination shall take effect beginning on the date that is 90 calendar days after the date of submission of such certification, unless there is enacted into law during such 90-day period a joint resolution of disapproval.
(b) Consultation and report.—The President shall, not later than 45 calendar days before submitting a certification under subsection (a)—
(1) consult with—
(A) the Committee on Ways and Means and the Committee on Foreign Affairs of the House of Representatives; and
(B) the Committee on Finance and the Committee on Foreign Relations of the Senate; and
(2) submit to all such committees a report that explains the basis for the determination of the President contained in such certification.
(c) Certification.—A certification under this subsection is a certification in writing that—
(1) indicates that the President proposes to terminate under subsection (a) the prohibition under section 2; and
(2) contains a determination of the President that the Russian Federation—
(A) has reached an agreement to withdraw Russian forces and for the cessation of military hostilities that is accepted by the free and independent government of Ukraine;
(B) poses no immediate military threat of aggression to any North Atlantic Treaty Organization member; and
(C) recognizes the right of the people of Ukraine to independently and freely choose their own government.
(d) Joint resolution of disapproval.—
(1) DEFINITION.—For purposes of this section, the term “joint resolution of disapproval” means only a joint resolution—
(A) that does not have a preamble;
(B) the title of which is as follows: “Joint resolution disapproving the President’s certification under section 3(c) of the Ending Importation of Russian Oil Act.”; and
(C) the matter after the resolving clause of which is as follows: “That Congress disapproves the certification of the President under section 3(c) of the Ending Importation of Russian Oil Act, submitt
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Nobody cares.
--------------------------------------------------
Me: "Remember Covid?"
Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"
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Bleak Assessments of Russian Economy Contradict Putin’s Rosy Claims
Russia’s central bank chief warned on Monday that the consequences of Western sanctions were only beginning to be felt, and Moscow’s mayor warned that 200,000 jobs were at risk in the Russian capital alone, stark acknowledgments that undermined President Vladimir V. Putin’s contention that sanctions had failed to destabilize the Russian economy.
While experts say Russia faces an economic time bomb as its inventory of imported goods and parts runs low, Mr. Putin is using the fact that the Russian economy has not yet collapsed to bolster his contention that sanctions will not deter him.
https://www.msn.com/en-us/news/world/bleak-assessments-of-russian-econ
omy-contradict-putin-s-rosy-claims/ar-AAWkVqL?ocid=msedgntp&cvid=f8204fb618cf47909e4e10566271c5aa
T
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Sanctions hit Russian economy, although Putin says otherwise
NEW YORK (AP) — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. While Russia can claim some symbolic victories, the full impact of Western sanctions is starting to be felt in very real ways.
As the West moved to cut off Russia’s access to its foreign reserves, limit imports of key technologies and take other restrictive actions, the Kremlin launched some drastic measures to protect the economy. Those included hiking interest rates to as high as 20%, instituting capital controls and forcing Russian business to convert their profits into rubles.
As a result, the value of the ruble has recovered after an initial plunge, and last week the central bank reversed part of its interest rate increase. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions.
“The government wants to paint a picture that things are not as bad as they actually are,” said Michael Alexeev, an economics professor at the University of Indiana, who studied Russia’s economy in its transition after the collapse of the Soviet Union.
A closer look, however, shows that the sanctions are taking a bite out of Russia’s economy:
— The country is enduring its worst bout of inflation in two decades. Rosstat, the state’s economic statistic agency, said inflation last month hit 17.3%, the highest level since 2002. By comparison, the International Monetary Fund expects consumer prices in developing countries to rise 8.7% this year, up from 5.9% last year.
— Some Russian companies have been forced to shut down. Several reports say a tank manufacturer had to stop production due to the lack of parts. U.S. officials point to the closing of Lada auto plants — a brand made by Russian company Avtovaz and majority-owned by French automaker Renault — as a sign of sanctions having an effect.
— Moscow’s mayor says the city is looking at 200,000 job losses from foreign companies shutting down operations. More than 300 companies have pulled out, and international supply chains have largely shut down after container company Maersk, UPS, DHL and other transportation firms exited Russia.
— Russia is facing a historic default on its bonds, which will likely freeze the country out of the debt markets for years.
Meanwhile, Treasury officials and most economists urge patience that sanctions take months to have full effect. If Russia can't get appropriate amounts of capital, parts or supplies over time, that will cause even more factories and businesses to shut down, leading to higher unemployment.
It took nearly an entire year after Russia was sanctioned for seizing Ukraine's Crimea peninsula in 2014 for its economic data to show signs of distress, such as higher inflation, a decline in industrial production and a slowdown in economic growth.
“The things that we should be looking for to see if the sanctions are working are, frankly, not easy to see yet,” said David Feldman, a professor of economics at William & Mary in Virginia. “We’ll be looking for the price of goods, the quantity of goods they are producing and the quality of goods. The last being the hardest to see and probably the last to appear.”
Russia Ukraine War Effectiveness of Sanctions
Transparency into how sanctions are affecting the Russian economy is limited, largely because of the extraordinary lengths the Kremlin has taken to prop it up and its largest sector — oil and gas — is largely unencumbered due to European, Chinese and Indian reliance on Russian energy.
IMF chief expects "deep recession" in Russia due to sanctions
Benjamin Hilgenstock and Elina Ribakova, economists with the Institute of International Finance, estimated in a report released last month that if the European Union, Britain and the U.S. were to ban Russian oil and natural gas, the Russian economy could contract more than 20% this
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Russia doubles fossil fuel revenues since invasion of Ukraine began
Russia has nearly doubled its revenues from selling fossil fuels to the EU during the two months of war in Ukraine, benefiting from soaring prices even as volumes have been reduced.
Russia has received about €62bn from exports of oil, gas and coal in the two months since the invasion began, according to an analysis of shipping movements and cargos by the Centre for Research on Energy and Clean Air.
For the EU, imports were about €44bn for the past two months, compared with about €140bn for the whole of last year, or roughly €12bn a month.
The findings demonstrate how Russia has continued to benefit from its stranglehold over Europe’s energy supply, even while governments have frantically sought to prevent Vladimir Putin using oil and gas as an economic weapon.
Even though exports from Russia have been reduced by the war and sanctions, the country’s dominance as a source of gas has meant cutting off supplies has only increased prices, which were already high because of tight supply as global economies recovered from the Covid-19 pandemic. Crude oil shipments from Russia to foreign ports fell by 30% in the first three weeks of April, compared with rates in January and February, before the invasion, according to the CREA data.
But the higher prices Russia can now command for its oil and gas mean its revenues, which flow almost directly to the Russian government through state-dominated companies, have risen even while sanctions and export restrictions bite. Russia has effectively caught the EU in a trap where further restrictions will raise prices further, cushioning its revenues despite the best efforts of EU governments.
Lauri Myllyvirta, lead analyst for CREA, said the cash propped up Putin’s war effort, and the only way to disable his war machine was to move rapidly away from fossil fuels. “Fossil fuel exports are a key enabler of Putin’s regime, and many other rogue states,” he said. “Continued energy imports are the major gaps in the sanctions imposed on Russia. Everyone who buys these fossil fuels is complicit in the horrendous violations of international law carried out by the Russian military.”
https://www.theguardian.com/world/2022/apr/27/russia-doubles-fossil-fu
el-revenues-since-invasion-of-ukraine-began
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Two months after Putin invaded Ukraine, Germany is still funding the Russian war chest to the tune of €4.5bn a month. Berlin is the largest buyer of Russian fossil fuels. The world is looking to Germany to demonstrate strength and determination towards Russia, but instead they’re bankrolling the war and blocking a European embargo on Russian oil.
Germany was the biggest importer in the last two months, despite repeated avowals by the government that halting dependence on Russian oil was a priority. The country paid about €9bn for imports during the period.
https://www.theguardian.com/world/2022/apr/27/russia-doubles-fossil-fu
el-revenues-since-invasion-of-ukraine-began
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:Because of
Russian Fossil Fuel Revenues DoubleDespite
Quote:
Western Sanctions
https://www.zerohedge.com/geopolitical/russian-fossil-fuel-revenues-do
uble-despite-western-sanctions
Meanwhile, the ruble, which took a steep dive when the Russian Central Bank was attacked by the west, is now the strongest it's been in 20 years.
https://www.tradingview.com/symbols/RUBUSD/
Just imagine buying rubles a month ago. What an opportunity!
--------------------
Pity would be no more,
If we did not MAKE men poor - William Blake
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Germany doesn't want to follow the Biden* administration down the poverty hole.
Good for Germany.
Fuck Ukraine. Fuck Russia. Nobody cares.
--------------------------------------------------
Me: "Remember Covid?"
Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"
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