One of Happy's 'go to' sources just today:
Posted on 10/23/2025 9:12:30 AM PDT by marcusmaximus
DONALD Trump has just blown a hole in Vladimir Putin’s warchest – and the shockwaves are already rippling through Moscow, Beijing and New Dehli.
In a move branded by the Kremlin as “an act of war”, the US President slapped sweeping sanctions on Russia’s oil titans Rosneft and Lukoil – and within hours, the pain began to bite.
Global oil prices surged nearly five per cent overnight, China’s state oil giants froze Russian purchases and India – Moscow’s biggest remaining lifeline — is preparing to slash imports.
For Putin, the timing couldn’t be worse.
His forces are still pounding Ukraine, his economy is sliding, and now two of his biggest customers are quietly turning off the taps.
-snip-
Together, Rosneft and Lukoil pump more than 3 million barrels of oil a day — about five per cent of global supply — and bankroll much of Russia’s war spending.
The sanctions freeze their US assets, bar all business with American firms, and threaten secondary sanctions against foreign banks that help process Russian oil trades.
That risk has spooked China.
PetroChina, Sinopec, CNOOC and Zhenhua Oil – the backbone of Beijing’s state energy empire – have all halted seaborne Russian oil purchases “at least in the short-term,” trade sources told Reuters.
“Any bank that facilitates Russian oil sales and with exposure to the US financial system could be subject,” warned commodity trader Felipe Pohlmann Gonzaga.
“These latest restrictions will make Chinese and Indian players more reluctant to buy Russian oil – many won’t want to lose access to the American financial system.”
India — Moscow’s biggest remaining lifeline — is preparing to slash imports.
Industry giants like Reliance Industries and Bharat Petroleum are quietly rewiring their supply chains to steer clear of the Kremlin’s freshly blacklisted oil majors.
(Excerpt) Read more at thesun.co.uk ...
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bye bye Putty Putt
Xi and Modi, too. All three are scum.
More horse plop from UK. 🤡🤡🥱
Why is WTI up over $3.35 today?
Russia hoe mad.
MarkyMax! How the hell are ya, bud?
We’ve missed you over the past few days! I was beginning to wonder...
While I got ya here, did you hear about those refineries blowing up in Hungary & Romania? You probably did and forgot to mention it. That’s ok. I’m sure someone will try to blame (checks notes) Putin for expanding the insurgency into NATO countries - two countries who are having second thoughts about this whole EU/NATO thingy. After all, we blame Mr. P for everything else. It certainly wasn’t caused by any blue and yellow flag-waving war hawks.
Anyway, that’s for keeping us updated with your fair and balanced reporting.
Yes, there should be a sarcasm tag to this whole post, but I seemed to have misplaced it. If/when I find it, I’ll add it later. Everyone else can probably figure it out.
Toodles,
jimjohn.
I applaud Trump for doing this. Wish he had done it sooner.. but better late than never.
Another Russia hoe mad? Lol!
Even brain dead Biden did not Sanction Russia’s largest oil companies. Why? It would disrupt the world’s oil markets, creating price increases and localized shortages.
We shall see how President Trump’s plan pans out. Let’s hope the U.S. stays “ insulated”.
One of Happy's 'go to' sources just today:
“More horse plop from UK”
Russian oligarchs saddened.
LOL!
You know they posted the truth so you and your buddies just admit it or be quiet.
No confirmation from India yet, but the new sanctions (and China’s announcement) are already causing a rally in oil price. Of course we have seen Trump’s sanctions can be quickly reversed. Or not. Meanwhile, China and India will certainly pursue workarounds to continue getting Russian oil at a nice discount. We’ll see how this works out in the long term. Trump should announce secondary sanctions on Europe for their Russian oil and gas purchases. Say, $10/barrel and $.50/MMBtu, with sanction money paying for US weapons. That should get a reaction...
Ugh what is it with the BS that comes out of the British media when it comes to anything Ukraine or Russia? Every British “news” source is this way
I thought they were going to crash the dollar and start a new reserve currency and all that, que paso? lol
Almost 4 years into this war and this is just happening. At least Trump acted in his first year.
.
What an amusing remark. Since I personally hold more to the individualist view than your collectivist, internationalist view, we would disagree. Cited to another, here is a quote from Hayek:
"There is no other possibility than either the order governed by the impersonal discipline of the market or that directed by the will of a few individuals; and those who are out to destroy the first are wittingly or unwittingly helping to create the second."The marketplace moves slowly, not like a light switch thrown from on to off, or off to on. The remainder of the daily permutations of sanctions and market pricing and all is a matter of shifting tides by "nudging" -- a Sunstein idea -- or "manufacturing consent" -- a Chomsky notion. President Trump is triangulating all the streams of modern American politics, and each step is either 2) not enough for some, or 2) too much for some. Not "truth," so much as today's truth. I'll watch the markets and the long-term interests of all the parties, and we together will see what we will see, across time.
What has been heard in these last months from "truth" enthusiasts is that 1) driving prives down will weaken Russian exports, and 2) driving prices up will weaken Russian exports. I will stick with general skepticism, and watch markets and interests and nations do what they do. Globalists and internationalists think they -- on whatever side of a number of different sides -- will control markets and interests and nations. Somehow, time will tell. Not some headline. So many game changers haven't changed much as yet, in the manner we've been told in rthe headlines over years now.
But what is demonstrably certain is what your Marcus foretold in "truth":
China stronk like Mao!
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