Blackswanwood
Still Learning
I suspect that China will see this as an opportunity to increase their influence by bailing them out.
Putin is a loser
- Thread starter Jake
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Maybe. Maybe Xi doesn't care all that much. Reportedly some alarm there about Russia and Norks getting cosy, and a huge part of Russia was previously China (long memories and all that). Interesting to see how they react.
Terry - Somerset
Established Member
The principle concern of Saudi Arabia is Saudi Arabia.
Why would they choose to reduce the price of oil by flooding the market. They have spent decades engineering alliances and structures to optimise the price of oil. They are not threatened in any way by the war in Ukraine - reducing the price of oil could even up the threat from Iran.
Russia still have huge amounts of foreign currency reserves - most informed commentators see little prospect to an end to hostilities in Ukraine because Russia can't afford it. Saudi could depress the price of oil on world markets - but I wouldn't bet on it!!
Not really, half of it is frozen (by sanctions-related measures) and they have dropped a ton of the rest trying to support their currency. They wouldn't be panicking into imposing capital controls if they felt their foreign currency reserves were healthy, they'd just carry on propping up the currency like they have for the last few years.
selectortone
Still waking up not dead in the morning
Followed by an abiding hatred of the Shia renegade Iran. It's a centuries-old sectarian rivalry over the true interpretation of Islam.
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RobinBHM
Established Member
You mean Russia is selling crude oil and LNG at a discount yo India.
India buys crude oil and LNG from Qatar, Saudi, Iraq not just Russia
The fact is EU is weaning itself of Russian energy.
Trainee neophyte
Established Member
And how is that working out for Germany?
From the Financial Times: https://www.ft.com/content/5d98bcab-c8bc-49c8-83a0-88522194f64d
"German industry is unlikely to recover to pre-Ukraine war levels as elevated prices from imported liquefied natural gas have put Europe’s largest economy at a “disadvantage”, the chief of one of Germany’s leading energy companies has warned.“Gas prices in continental Europe, especially in Germany, are structurally higher now, because we, in the end, depend on LNG imports,” said Markus Krebber, chief executive of RWE. “The German industry has a disadvantage.”"
Without Germany’s vast export economy, how does the Euro survive? How does Europe survive without the Euro? Will a European Army (the latest power grab by the EU aparatchiks) get paid for? We live in interesting times.
More up to date story: https://www.politico.eu/article/ger...horsten-groger-ig-metall-labor-union-profits/
It looks like Germany will transition to a post-industrial, service economy, just like all the other main Western economies, built on house prices, debt and financial sleight of hand. Vorsprung durch Technk, as they say in Germany.
(About that list of yours...)
RobinBHM
Established Member
it is going to be painful, Germany shouldnt have been so stupid as to be taken in
but what has that got to do with Russian economy?
yes I provided a list of commonly used Putin propaganda people like you post on SM.
why do you do it?
are you brainwashed or just a trouble making troll?
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