Posted on 08/17/2022 11:57:50 AM PDT by JonPreston
Higher oil export volumes, coupled with rising petrol prices, will boost Russia’s earnings from energy exports to $337.5bn this year, a 38 percent rise from 2021, according to an economy ministry document seen by Reuters news agency.
(Excerpt) Read more at aljazeera.com ...
How ‘bout dem sanctions?
Would have been a lot less has President Dufus not issued that stupid Executive Order two hours after he took office. Thanks, Stupid, for the inflation.
Impose sanctions, simultaneously - and grossly - restrict our own supply to increase the price and help the recipient of the sanctions rake in more cash...brilliant strategy.
Freezing in the dark...
To stick it to Putin!
I’m sure flipping the SWIFT switch inspires confidence in the US around the world.
Putin’s laughing all the way to the bank.
Reuters via Al Jazeera…
Smile…
Brilliant move Brandon.
Sanctions seemed to be hurting the Russians. Not!!!
None of that matters because President Biden just rode a bicycle on the beach without tipping over (at least when the cameras were rolling)! You dumb Republicans & conservatives just don't get it!#%!&#%^@!!
80-year-old President Biden IS JUST AS HEALTHY AS A 25-YEAR-OLD!!!!!
How many times do we have to SCREAM this at you: "THE 2020 ELECTION WAS NOT STOLEN!!! AAAAAARGH!!! ......."
/s
Good for Russia.
“But sanctions?”
The article goes on to say:
“energy earnings only partly compensates for the damage from sanctions to the economy overall, analysts said.”
“The impact of sanctions on Russia’s economy is very uneven. In some sectors, it has been catastrophic, such as the car industry.”
“Besides autos, he cited IT and finance as two of the sectors worst hit.”
Oil revenues seem to have peaked in May or early June. Prices are down 25% since then. When they get down to the pre-COVID norm around $60, Russia will be totally hosed.
Natural gas exports are already in the disaster zone for them. Because of sanctions.
Russia sees 38% rise in energy export earnings this year
Russia is winning the war on ground and the sanction war. It’s sickening to see the neocons defend the disastrous Biden regime decisions made regarding Russian and this war.
“Russia sees 38% rise in energy export earnings this year”
Firstly, that is likely BS. It is published by the Russian Government, during war.
Secondly, it is a projection through the end of the year, not an actual. The peak of Russian energy revenues is past, and even that was not enough to save them from running increasing Government budget deficits, burning through their remaining foreign reserves, defaulting on their Government debt for the first time since 1917, and having to resort to a somewhat extreme money printing spree (total ruble supply up over 50%, in less than six months).
Hard times are ahead for the Russian economy and finances - and they are approaching fast.
You have RDS -- Russian Derangement Syndrome. You hate Russia so much you don't care what a disaster the sanction war has been for this country and Europe or that tens of thousands of Ukrainians are dying fighting a proxy war, which it can't possibly win, in defense 'the liberal world order".
You and your ilk a menace to the country and the conservative movement. You and yours need to go the war of Liz Cheney.
Post your numbers.
GDP of Texas - a single state - is $2 trillion per year (that’s $2,000 billion)
and Russia gets a measly $337 billion from oil? And that’s already its main export?
Wow, Russia really is small and poor
Canadian opinions are insignificant.
We love it when you’re pissed off, comrade
Bazinga!!
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