Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US urges global traders to trade Russian oil without fear
newsunrolled.com ^ | March 9, 2023

Posted on 03/09/2023 7:42:59 PM PST by elpadre

MOSCOW, March 9 – RIA Novosti. The newspaper specifically asked the US administration’s largest commodity traders not to be afraid of deals on the supply of Russian oil, which is bought and sold at a ceiling price. Finance Times With reference to informed sources.

According to the publication, representatives of the US Treasury Department met with executives of trading companies Trafigura and Gunvor. While Washington has never objected to the trade of Russian oil within the ceilings agreed by the G7, major oil traders have been wary of the market.

(Excerpt) Read more at newsunrolled.com ...


TOPICS: Foreign Affairs; News/Current Events
KEYWORDS: 10percentbigguy; thechummybot

1 posted on 03/09/2023 7:42:59 PM PST by elpadre
[ Post Reply | Private Reply | View Replies]

To: elpadre

excerpted:

“...Western oil sanctions against Russia came into effect on December 5, 2022: the European Union stopped accepting the transportation of Russian oil by sea, and the G7 countries, Australia and the EU imposed a price cap on oil during sea transportation at $ 60 per barrel. – Transport and insurance of more expensive oil is prohibited. In response, Russia banned it from supplying oil to foreigners from 1 February if the contracts directly or indirectly provide for the use of the marginal price fixing mechanism....”


2 posted on 03/09/2023 7:46:45 PM PST by elpadre (nd )
[ Post Reply | Private Reply | To 1 | View Replies]

To: elpadre

“US urges global traders to trade Russian oil without fear”

Sounds as though the sanctions are starting to CRASH. Oh well, it was fun for the Neocons to at least ‘dream’ that they could destroy the Russian economy.


3 posted on 03/09/2023 7:47:15 PM PST by BobL
[ Post Reply | Private Reply | To 1 | View Replies]

To: elpadre

Is the US trying to play nice now that most everyone knows the US sabotaged the Nord Stream pipeline????


4 posted on 03/09/2023 7:49:24 PM PST by elpadre (nd )
[ Post Reply | Private Reply | To 2 | View Replies]

To: elpadre

Russia won’t sell at Vicky Nudelman’s price cap; rather, at market prices.


5 posted on 03/09/2023 7:50:28 PM PST by Trumpisourlastchance
[ Post Reply | Private Reply | To 1 | View Replies]

To: BobL

the only thing crashing is the Russian economy

well, along with Putin’s dream of ever conquering Ukraine, of course ...


6 posted on 03/09/2023 7:50:45 PM PST by canuck_conservative (if Russia could just stop attacking its neighbors, we wouldn't need NATO anymore)
[ Post Reply | Private Reply | To 3 | View Replies]

To: canuck_conservative

7 posted on 03/09/2023 7:53:40 PM PST by ClearCase_guy (“You want it one way, but it's the other way”)
[ Post Reply | Private Reply | To 6 | View Replies]

To: canuck_conservative

“the only thing crashing is the Russian economy”

LOL!


8 posted on 03/09/2023 7:54:00 PM PST by BobL
[ Post Reply | Private Reply | To 6 | View Replies]

To: ClearCase_guy

I bless the rains down there.


9 posted on 03/09/2023 7:56:38 PM PST by TigersEye (Woke is a cancer of the mind and humanity)
[ Post Reply | Private Reply | To 7 | View Replies]

To: elpadre
US urges global traders to trade Russian oil without fear

Translation: US-EU Globalist Price Fixing Scheme sows International Distrust of West.

10 posted on 03/09/2023 7:58:23 PM PST by Navy Patriot (Celebrate Decivilization)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BobL

How cab you crash an economy that has a per capita GDP that is less than Bulgaria?

As for the Russian economy, it crashed in 1917 and has yet to recover.


11 posted on 03/09/2023 8:00:22 PM PST by Round Earther
[ Post Reply | Private Reply | To 3 | View Replies]

To: BobL

Chrystia’s yapping little porch pooch...


12 posted on 03/09/2023 8:02:07 PM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Round Earther

“How cab you crash an economy that has a per capita GDP that is less than Bulgaria?”

As a FIRST STEP, you get China and India on board, but yes, you’re right, not possible to crash their economy when the countries containing the vast majority of the world’s manufacturing and resources are NOT participating. And let that be a lesson to the Neocons, sanctions ONLY work when you get some participation outside of your little club of sycophants.


13 posted on 03/09/2023 8:21:39 PM PST by BobL
[ Post Reply | Private Reply | To 11 | View Replies]

To: elpadre
US urges global traders to trade Russian oil without fear

The Greeks and Indians have already been doing this, without fear. Following the sanctions, these middlemen have made fortunes selling Russian oil to Europe.

14 posted on 03/09/2023 8:24:20 PM PST by Right_Wing_Madman
[ Post Reply | Private Reply | To 1 | View Replies]

To: Right_Wing_Madman

How can they be doing that unless russia is selling at a steep discount?


15 posted on 03/10/2023 5:11:51 AM PST by Farmerbob
[ Post Reply | Private Reply | To 14 | View Replies]

To: Farmerbob
How can they be doing that unless russia is selling at a steep discount?

Russia doesn't sell at a steep discount and the middlemen don't work for free. Europe is paying 50% more for their energy compared to last year.

16 posted on 03/10/2023 5:48:13 PM PST by Right_Wing_Madman
[ Post Reply | Private Reply | To 15 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson