Halls of Shrewd'm / US Policy
No. of Recommendations: 4
I’ve been saying, go pound their oil industry for some time:
https://www.wsj.com/world/russia/trumps-oil-sancti...Analysts say the impact of blacklisting Rosneft and Lukoil—Russia’s biggest oil producers—will hinge on three things: how well they are enforced, the reaction of major markets in India and China, and whether Moscow can circumvent the measures.
The new U.S. sanctions “mark the most material move to date by the U.S. to shutter the Russian war ATM,” Helima Croft, head of global commodity strategy for RBC Capital Markets, wrote in a note to clients. “If the Trump administration does indeed back today’s words by action, we anticipate that refiners seeking to retain access to U.S. capital markets will forgo Russian barrels.”
The European Union on Thursday approved new sanctions phasing out purchases of Russian liquefied natural gas and targeting more than 20 Chinese and other foreign firms involved in the Russian oil trade. Trump’s decision to impose the U.S. sanctions came after the Kremlin rejected Washington’s call for a cease-fire along the current front lines, followed by peace talks. The president has previously called for Europe to hit Beijing economically for continuing to support Russia’s economy.About time.
Cut off the dollars and Putin’s ability to buy guns and dudes dries up.
No. of Recommendations: 4
Bessent said:
"President Putin has not come to the table in an honest and forthright manner, as we'd hoped," Bessent told Fox Business, noting that when the two leaders met in Alaska in August, "President Trump walked away when he realized that things were not moving forward." He added: "There have been behind-the-scenes talks, but I believe that the president is disappointed at where we are in these talks."
The Anchorage summit and the offer for one in Budapest were the carrots. Putin declined them…
…so now let’s use the stick.
No. of Recommendations: 4
More from WSJ:
Most previous sanctions were targeted at the long-term viability of Russia’s oil industry and only had limited effects on the country’s immediate cash flow. The Biden administration sanctioned Gazprom Neft and Surgutneftegas, the third- and fourth-biggest oil companies, but left Rosneft and Lukoil untouched. The two companies together produce roughly half of Russia’s oil.
Real sanctions mean taking aim at Putin’s customers as well.
No. of Recommendations: 2
About time.
Cut off the dollars and Putin’s ability to buy guns and dudes dries up.
As offered before. I suspect this has nothing to do with Ukraine, as Trump made it clear he cares no one whit about Ukraine.
This is about taking Russian oil off the market. Push India (China isn't pushable), and others to not buy Russian oil, while encouraging and enabling Ukrainian attacks on Russian oil infrastructure. Kissinger would be proud.
Steve...HBTT
No. of Recommendations: 3
As offered before. I suspect this has nothing to do with Ukraine, as Trump made it clear he cares no one whit about Ukraine.
It has everything to do with the war. Why wouldn’t it?
No. of Recommendations: 1
It has everything to do with the war. Why wouldn’t it?
Taking Russian oil production off the global market would be very profitable to his paymasters at the US oil companies.
Steve
No. of Recommendations: 1
I swear they read your posts
No. of Recommendations: 1
I swear they read your posts
Who "your", me?
Who "they", the FSB, or the SA?
Steve
No. of Recommendations: 3
Most previous sanctions were targeted at the long-term viability of Russia’s oil industry and only had limited effects on the country’s immediate cash flow. The Biden administration sanctioned Gazprom Neft and Surgutneftegas, the third- and fourth-biggest oil companies, but left Rosneft and Lukoil untouched. The two companies together produce roughly half of Russia’s oil.
There are other considerations, FYI...
Sanctions previously left Russia's largest oil companies like Rosneft and Lukoil mostly untouched to avoid destabilizing the global energy market. Policymakers feared that sanctioning major suppliers could cause a supply shock, leading to soaring oil prices that would inflict significant economic damage on the US and its allies.
