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To: fireman15

Note: Rubles.
The convertibility of rubles is not, er, established. What effect this has on the affordability of yachts in the Med remains to be seen.

And what goes up, based on petroleum prices, can spike down.
Thats what really got Russia (and Venezuela) into trouble starting in 2014. A global recession, which is coming fast, will very likely create a different revenue picture.


25 posted on 05/19/2022 9:47:13 AM PDT by buwaya (Strategic imperatives )
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To: All

https://www.youtube.com/watch?v=tY-1C3fGOQM

EU shock & awe sanctions strategy fails, as oil embargo plan crumbles


27 posted on 05/19/2022 10:02:24 AM PDT by Cathi
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To: buwaya
The Russians opened the spigots even before the current dog and pony show began and are currently raking in more treasure than at any time in the past.

Russia Crude Oil Production

https://tradingeconomics.com/russia/crude-oil-production

28 posted on 05/19/2022 10:05:54 AM PDT by fireman15 (Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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