Punishing Russia With Sanctions
POSTED BY: THG
UPDATED: Tuesday, August 4, 2026 04:52
VIEWED: 33436
PAGE 46 of 63
Putin Slams Dollar Dominance At BRICS Summit, Calls For Local Currency Trade
Russian President Vladimir Putin railed against dollar dominance and Western sanctions in a prerecorded speech at the BRICS summit. Putin, unable to attend in person due to potential arrest, called for increased use of local currencies for trade.
Putin criticized the trade restrictions placed on Russia over the Ukraine war as illegitimate. He stated these actions trample upon basic norms and rules of free trade, Business Insider reported.
Putin also emphasized the “objective, irreversible process of de-dollarization” of economic ties, adding that summit participants would discuss issues and mechanisms related to local currency trade.
https://www.msn.com/en-us/money/markets/putin-slams-dollar-dominance-a
t-brics-summit-calls-for-local-currency-trade/ar-AA1fEnx4?ocid=msedgdhp&pc=U531&cvid=f5a709bba3244a32bee7f28ba6d5e5c8&ei=69
Poor Putin
T
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by THG:
Multinationals flee Russia, punishing Moscow
Biden to champion US diplomacy in State of the Union as West stands up to Putin
GOP senators push back hard on Trump's praise of Putin
SENATE
Large multinational companies are fleeing Russia, joining a large swath of the international community in moving to isolate the nation in response to its brutal invasion of Ukraine.
Oil and gas giants BP and Shell announced they are leaving Russia after spending decades making investments worth billions of dollars in the country, while several U.S. companies are halting all shipments to Russia.
The exodus is expected to continue as more businesses weigh the reputational and financial risks of doing business with Russian President Vladimir Putin. Experts say that if energy firms are willing to forfeit huge sums by pulling out of Russia, industries with much less to lose will soon follow suit.
“I think corporate executives, in addition to considering political risk, are genuinely outraged by what Russia has done,” said Bill Reinsch, the Scholl chair in international business at the Center for Strategic and International Studies, adding that he is surprised by just how quickly companies have made the call to leave Russia.
These decisions are driven in part by enormous public pressure to disown the Russian government and also by the sweeping sanctions imposed by the U.S. and its allies that severely complicate companies’ ability to do business with Russian entities.
Shell on Monday said that it will abandon stakes in Russian state-owned energy projects that are worth roughly $3 billion. The Dutch company noted that the move will hurt the value of its assets and “lead to impairments.”
"We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security," Shell CEO Ben van Beurden said in a statement.
That announcement came after BP, a longtime defender of Putin, said it would desert its 20 percent stake in Russian state-owned energy firm Rosneft. The move could cost BP as much as $25 billion if the oil giant is forced to write off the investment, as selling it could prove difficult under strict sanctions.
“Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region,” BP Chairman Helge Lund said in a statement. “BP has operated in Russia for over 30 years, working with brilliant Russian colleagues. However, this military action represents a fundamental change.”
As Russia escalates its attacks on Ukraine, it’s becoming increasingly isolated from the rest of the world. American shipping companies FedEx and UPS said they would temporarily suspend all shipments to both countries, while Germany’s DHL said it would pause some services to Russia and Ukraine, citing security concerns.
Ocean carrier Maersk said Monday that it might suspend shipments to and from Russia, a move that would further cut the nation off from international trade. The Danish shipping giant said that it was monitoring the security situation in Ukraine and “preparing to comply with the ever-evolving sanctions and restrictions imposed against Russia.”
Companies that haven’t fled are likely evaluating how to navigate complex sanctions and exploring whether continuing business with Russia is worth the regulatory challenges.
In response to the Kremlin’s invasion of Ukraine, the U.S. and its allies froze roughly $630 billion in Russian central bank assets being held abroad, blocked fundraising for Russian state-owned entities and cut some Russian banks out of the SWIFT international payments system. The U.S. blocked Russian state-owned banks from accessing the U.S. dollar and imposed export controls that prevent Russia from obtaining computer chips and other technologies.
In just a matter of days, the sanctions have brought the Russian economy to the brink of collapse. The Russian ruble was worth less than 1 cent as of Monday afternoon, givingNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by THG:
Why the enormous scale of financial pain being inflicted on Russia worries some in the West
https://www.msn.com/en-us/money/markets/why-the-enormous-scale-of-fina
ncial-pain-being-inflicted-on-russia-worries-some-in-the-west/ar-AAUxvE4?ocid=msedgdhp&pc=U531
These sanctions are going to last long after they are lifted. Russia will never be the same. Most who will suffer have nothing to do with Putins' decisions yet without sanctions of this magnitude war is the only option left. It may come to that yet. Putin cannot be allowed to march through Europe. There are no winners here. Only those who will suffer because a mad man is running Russia.
T
Told you so comrade signym, told you so.
T
RUSSIAN Ruble Collapse Panic Continues as Russia DOUBLES Interest Rates to 15%
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Well, you're wrong. 
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
tick tock comrade signym, tick tock...
T
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by THG:
CHINA ANNEXES RUSSIAN LAND
tick tock comrade signym, tick tock...
I imagine you would do a simple Google search BEFORE you post nonsense, THUGR! That might save you embarrassment.
No such thing happened!
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by SIGNYM:Quote:
Originally posted by THG:
CHINA ANNEXES RUSSIAN LAND
tick tock comrade signym, tick tock...
T
I imagine you would do a simple Google search BEFORE you post nonsense, THUGR! That might save you embarrassment.
No such thing happened!
SIGNYM
Bolshoy Ussuriysky Island comrade.
T
China’s New Official Map Has Nearly All of Its Neighbors in an Uproar
A new map published by the Chinese government this week appeared to reverse a 15-year agreement with Beijing's ally Russia over an island on their shared border.
The 2023 map released by China's Ministry of Natural Resources shows Bolshoy Ussuriysky Island on the Amur River as fully part of China, despite an agreement in the 2000s with Russia that the two countries would split control.
https://www.msn.com/en-us/news/world/china-s-new-official-map-show-par
ts-of-russia-india-as-chinese-territory/ar-AA1g33cn
You really are brain dead comrade signym.
T
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Russian Economy About to 'Hit the Ice,' Putin Ally Warns
Russia's economy is about to "hit the ice", billionaire businessman Oleg Deripaska, described as President Vladimir Putin's "favorite oligarch", has warned.
The businessman, whose fortune Forbes estimates at $2.4 billion, issued the warning in a post on his Telegram channel, saying that there is a general drop in commodity prices, including those that Russia exports, and that this could negatively impact the country's economy.
https://www.msn.com/en-us/money/markets/russian-economy-about-to-hit-t
he-ice-putin-ally-warns/ar-AA1kqucq?ocid=msedgdhp&pc=HCTS&cvid=e9d7e039d21a434d898ababd778af330&ei=103
T
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Oh, I'm sure it is, Ted. I'm sure it is.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by THG:
Russian Economy About to 'Hit the Ice,' Putin Ally Warns
Russia's economy is about to "hit the ice", billionaire businessman Oleg Deripaska, described as President Vladimir Putin's "favorite oligarch", has warned.
The businessman, whose fortune Forbes estimates at $2.4 billion, issued the warning in a post on his Telegram channel, saying that there is a general drop in commodity prices, including those that Russia exports, and that this could negatively impact the country's economy.
https://www.msn.com/en-us/money/markets/russian-economy-about-to-hit-t
he-ice-putin-ally-warns/ar-AA1kqucq?ocid=msedgdhp&pc=HCTS&cvid=e9d7e039d21a434d898ababd778af330&ei=103
So, why would commodities prices collapse?
Well, possibly bc a large market, the collective west, would collapse first
Too bad for the west that while Russia clearly can function without the west, the west can't function without Russia.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME