https://x.com/igorsushko/status/1823997156606570984
OilPrice.com reports:
“On Wednesday (14 Aug) the Russian government said that Moscow is extending its ban on gasoline exports from October to the end of December 2024”
Also, they noted that what fuel Russia is exporting (naphtha, diesel), is increasingly having to take the long route around Africa to Asia,rather than through Suez. Before Putin screwed everything up, most of it just sailed a few days to Rotterdam, or even less.
https://x.com/igorsushko/status/1823997156606570984
JoeBlogs posted a new Video on YouTube.
The gist is that although China has been trading with Russia (getting very favorable terms from Russia), Chinese investment into Russia through their Belt and Road Initiative (BRI), has largely stopped.
Russia received more BRI investment over the life of the program than any other country - over $300 Billion. Instead of 50 or more new projects a year, only a single new project was approved in 2022 and 2023 combined.
After Russia’s wholesale confiscation of foreign investors assets, not even China is willing to risk their capital there anymore - not even for BRI’s largely self serving investments to lay in infrastructure for China’s energy, mineral and transportation/logistics needs. Kiss the Power of Siberia 2 pipeline goodbye.
It is going to be a long time before any significant foreign direct investment flows into Russia, after how badly the previous investors were burned by Putin.
