Punishing Russia With Sanctions
POSTED BY: THG
UPDATED: Tuesday, August 4, 2026 04:52
VIEWED: 33436
PAGE 53 of 63
How could this be. Comrade signym says Russia is the 4th largest in the world. Too funny...
tick tock
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Russian Economy COLLAPSING After Banks Start Closing; MAJOR Crisis
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Russia's Central Bank suspends trading in dollars and euros after US issues new bank sanctions
Long lines formed outside exchange kiosks in Moscow as the Central Bank of Russia (CBR) suspended trading in dollars and euros as a result of new US sanctions targeting banks facilitating sanctions-busting trade with Russia on June 12.
The CBR unexpectedly changed the start time for the start of trading on the foreign exchange market on June 13, pushing back trading to 9.50 am, instead of the usual 6.50am.
https://www.msn.com/en-us/money/other/russia-s-central-bank-suspends-t
rading-in-dollars-and-euros-after-us-issues-new-bank-sanctions/ar-BB1o8piR
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Comrade signym hides, too funny.
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Russian Bombers DESTROYED, Moscow Stock Exchange SHUTS DOWN
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G7 Agrees to $50 Billion Ukraine Loan Backed by Russian Assets. How Will It Work?
https://www.nytimes.com/2024/06/14/world/europe/ukraine-g7-ukraine-aid
-russia.html
Good...
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Quote:
Originally posted by SIGNYM:
Update
Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
https://www.msn.com/en-us/money/companies/russia-overtakes-japan-to-be
come-the-fourth-largest-economy-in-the-world-in-ppp-terms/ar-BB1nCnto
Apparently the Russian's are lying about their finances. Or they wouldn't be experiencing a run on their banks, and having other banks wanting to drop them as customers.
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As Ukraine War Persists, Many Russians See Their Hopes Of Gas Heating Going Up In Smoke
June 16, 2024 11:45 GMT
https://www.rferl.org/a/russia-gazprom-gasification-ukraine-war/329895
73.html
Connecting consumers in Siberia and the Far East to natural-gas lines has been a dream since Soviet times. Putin made it an issue in his 2004 election campaign, and he has been regularly queried about it during his nationally televised Direct Line question-and-answer sessions.
Yet the connection rates remain minuscule: 1 percent in the Irkutsk region and even less in Khakassia, Tyva, and most of Krasnodar Krai. Across the region each winter, officials regularly issued air-quality warnings because of the smog from burning coal. In 2021, children from Minusinsk donned gas masks and recorded video appeals in which they begged Putin to do something about their community's "black skies."
Responsibility for the gasification program has primarily fallen to the state-controlled natural-gas monopoly Gazprom, which has reported some progress in the effort in recent years. In January, the government said access to natural gas -- which officials refer to as gasification -- had increased from 73 percent to 73.8 percent in 2023, with 485,000 homes reportedly being connected to the network.
At a meeting in the Kremlin in December 2023, Gazprom CEO Aleksei Miller told President Vladimir Putin that the gasification of Russia would "absolutely" be 100 percent completed by 2030.
Such optimistic forecasts notwithstanding, Gazprom is facing hard times. Last month, the behemoth reported an annual loss for 2023 of 629 billion rubles ($7.1 billion), its first annual loss in a quarter-century. The revenues lost from sharply declining sales to Europe in the wake of Moscow's February 2022 invasion of Ukraine have not nearly been compensated by increased sales to China, with Beijing -- from a position of strength -- negotiating terms far less lucrative than what Europe has been paying. In 2023, Russia was selling gas to China for $257 per 1,000 cubic meters, while Europe and Turkey were paying $320.
A Gazprom-commissioned analysis written in late 2023 said it was unlikely the company would be able to achieve 2020 export levels any earlier than 2035, the Financial Times reported on June 5. Analysts told the paper Gazprom is pressing the government to raise domestic gas prices or provide the company tax breaks or other subsidies.
"Gasification is not coming," said a resident of the town of Chernogorsk, 5 kilometers north of Abakan. "At least not in our lifetimes. They talk about such projects every year, since some election or another is always happening…. I know the process is complicated, but if it isn't going to happen, they shouldn't promise it."
A resident of the city of Krasnoyarsk agreed, noting the authorities have also been building a subway system in the city since 1995.
"You can see how they are 'building' us a metro and 'bringing' us gas," he said. "We are a city of 1 million people, a region that sends more money to Moscow than it takes. We are pumping gas to China, while we ourselves breathe coal smoke."
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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The West Bans Russian Gas
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