US admits Russian fossil fuel export revenue increased after sanctions

[ESay]

It looks like Russia is doing great economically. It appears the western imperialists have shot themselves in the foot. Dumb warmongering assholes.

Russia is not only winning on the battlefield, but are kicking ass economically too. Great job Joe and the neocons.

Russia's ruble is the strongest currency in the world this year​

The Russian ruble is the best-performing currency in the world this year.
Two months after the ruble's value fell to less than a U.S. pennyamid the swiftest, toughest economic sanctions in modern history, Russia's currency has mounted a stunning turnaround. The ruble has jumped 40% against the dollar since January.

Why the ruble recovered​

The main reason for the ruble's recovery is soaring commodity prices. After Russia invaded Ukraine on February 24, already high oil and natural gas prices rose even further.
"Commodity prices are currently sky-high, and even though there is a drop in the volume of Russian exports due to embargoes and sanctioning, the increase in commodity prices more than compensates for these drops," said Tatiana Orlova, lead emerging markets economist at Oxford Economics.
Russia is pulling in nearly $20 billion a month from energy exports. Since the end of March, many foreign buyers have complied with a demand to pay for energy in rubles, pushing up the currency's value.
Russia's ruble is the strongest currency in the world this year

Russia is winning the economic war - and Putin is no closer to withdrawing troops​

The perverse effects of sanctions means rising fuel and food costs for the rest of the world – and fears are growing of a humanitarian catastrophe. Sooner or later, a deal must be made.
It is now three months since the west launched its economic war against Russia, and it is not going according to plan. On the contrary, things are going very badly indeed.
Russia is winning the economic war - and Putin is no closer to withdrawing troops | Larry Elliott

Is America the Real Victim of Anti-Russia Sanctions?​

By misjudging the size and importance of Russia’s economy, the West might have taken steps toward its own isolation​

Remember the claims that Russia’s economy was more or less irrelevant, merely the equivalent of a small, not very impressive European country? “Putin, who has an economy the size of Italy,” Sen. Lindsey Graham, R-S.C., said in 2014 after the invasion of Crimea, “[is] playing a poker game with a pair of twos and winning.” Of increasing Russian diplomatic and geopolitical influence in Europe, the Middle East, and East Asia, The Economist askedin 2019, “How did a country with an economy the size of Spain … achieve all this?”
Seldom has the West so grossly misjudged an economy’s global significance. French economist Jacques Sapir, a renowned specialist of the Russian economy who teaches at the Moscow and Paris schools of economics, explained recently that the war in Ukraine has “made us realize that the Russian economy is considerably more important than what we thought.”
Anti Russia Sanctions Have Backfired on America

Russia becomes India’s second biggest oil exporter in May, say trade sources​

Anish Mondal - 13m ago
Russia rose to become India’s second biggest supplier of oil in May, pushing Saudi Arabia into third place but still behind Iraq which remains No. 1, data from trade sources showed.


© Provided by The Financial ExpressIn May Indian refiners received about 819,000 barrels per day (bpd) Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed.

It is hardly can be said that it is 'winning', at least at this stage. To make progress in the Donbas, Russia had to withdraw its troops from around Kiev and the North, Kharkiv City, Mykolaiv City. Yes, it got a land corridor to the Crimea and will take the Donbas, it seems. What it will do after that, the time will show.

The sanctions on Russian oil exports will take place in the December. The sanctions on natural gas haven't been agreed on. It will take at least a year to see the first consequences.

 

[AntonToo]

Russia is earning more from fuel exports than prior to the start of what's going on with the Ukraine.

Bullshit, Russia has cut production and are selling all the surplus they can at steep discounts to India and China.

Covid energy hikes floats all supplier boats but they are loosing money compared to where they would be without the war, the rest is number games and bad baseline comparisons.

 

[AntonToo]

It looks like Russia is doing great economically.

Russia's Central Bank projects 17% inflation and ~10% GDP contraction

Bank of Russia increases key rate by 100 bp to 16.00% p.a. | Bank of Russia

www.cbr.ru

Russia's GDP decline could hit 12.4% this year, economy ministry document shows

Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, further evidence that sanctions pressure is taking its toll.

www.reuters.com

THIS is what you call "great economy"? Seriously moron?

 

[gipper]

Russia's Central Bank projects 17% inflation and ~10% GDP contraction

Bank of Russia increases key rate by 100 bp to 16.00% p.a. | Bank of Russia

www.cbr.ru

Russia's GDP decline could hit 12.4% this year, economy ministry document shows

Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, further evidence that sanctions pressure is taking its toll.

www.reuters.com

THIS is what you call "great economy"? Seriously moron?

Does one stat make an economy dick lick?

Learn to read MFer!

 

[AntonToo]

Does one stat make an economy dick lick?

Learn to read MFer!

...I just gave you TWO important stats, are you senile or something?

GDP growth is the very YARDSTICK of economic state and is THE technical basis for recession labeling. Russia IS in a recession as far as Russian Central Bank is concerned.

And then there is you, idiot claiming that their economy is doing great.

 

[gipper]

...I just gave you TWO important stats, are you senile or something?

GDP growth is the very YARDSTICK of economic indicators and is THE technical basis for recession labeling.

I gave you several. Do you deny the ruble is strong? Do you deny the Russian economy is much larger and impactful than western warmongers have claimed? Do you deny Russia is a world leader in energy and food?

 

[AntonToo]

I gave you several. Do you deny the ruble is strong? Do you deny the Russian economy is much larger and impactful than western warmongers have claimed? Do you deny Russia is a world leader in energy and food?

Yep, deflection deflection, deflection, can't refute shit.



Do you get paid for this?

Honest question, because the blatant way you shill and spin for mother Russia is tough to explain another way.

 

[yidnar]

Shocking. With the price of oil, US Oil Companies are making record profits, again.

speculation has a very big impact on fuel prices ... regulations and the gov attitude towards the oil industry has a major impact on speculators ... Biden said he would drive big oil out of business so producers arent investing in production to keep up with demand .

 

[gipper]

Yep, deflection deflection, deflection, can't refute shit.



Do you get paid for this?

Honest question, because the blatant way you shill and spin for mother Russia is tough to explain another way.

So by your analysis the US economy sucks too, because we have high inflation. We also have problems Russia doesn’t. Like $30 trillion in government debt, which limits the Feds ability to control inflation.

 

[AntonToo]

So by your analysis the US economy sucks too, because we have high inflation. We also have problems Russia doesn’t. Like $30 trillion in government debt, which limits the Feds ability to control inflation.

...wait wait wait you think that because we have inflation and increasing interest rates and Russia and inflation and increasing interest inflation then therefore it's somehow the same?

IT IS NOT, because guess what, MAGNITUDES matter.

Russian inflation VS US: 17% vs 8% - one is a whole lot different then the other.
Russian Fed interest rate VS US: 12% vs 4% - not the same is it? not even in the ball park.
Russian GDP growth vs US: -10% vs 2% - one is a HUGE contraction, the other one is ho-hum growth.

Russia doesn't have big debt because their government bonds are WORTH FUCK ALL and their whole GDP is a third smaller than just the state of Texas by itself.

Our economy certainly has problems right now, but nowhere near self-inflicted Russian disaster.

 

[BlindBoo]

It's Joe Biden's fault, because he is suppressing the domestic oil industry for political gain.

The domestic oil industry cut production in 2020 due to market pressure. Joe Biden wasn't even the nominee when they did that. World oil exporting nations also cut production in 2020. Is Joe suppressing them too?

 

[2aguy]

Russia is earning more from fuel exports than prior to the start of what's going on with the Ukraine.

This from US Senior Advisor for Global Energy Security, Amos Hochstein, while speaking to the Senate Subcommittee on Europe and Regional Security Cooperation.

When asked whether Moscow was in fact making more from its fossil fuel exports, compared to several months ago and prior to sanctions, Hochstein replied: “I cannot deny that.”

Russia's energy revenue higher now than just before Ukraine war, U.S. official says

Russia may be getting more revenue from its fossil fuels now than shortly before its invasion of Ukraine, as global price increases offset the impact of Western efforts to restrict its sales, U.S. energy security envoy Amos Hochstein told lawmakers during a hearing on Thursday.

www.reuters.com

Anyway. It's $5.49 per gallon here.

Who are the Biden administration's sanctions really hurting?

Of course they did......now we just have to find the paperwork that shows Hunter biden and his dad getting their cut....