Free Republic

President Joe Biden’s administration is supporting Canadian Prime Minister Justin Trudeau’s decision to ship natural gas pipeline equipment to Germany, which will lead to the European economic hub importing more Russian natural gas. State Department spokesman Ned Price expressed Washington’s support for the move in a statement Monday. Trudeau’s government plans to ship the equipment for the Nord Stream 1 pipeline back to Germany after it had been kept in Montreal due to sanctions on Russian gas, according to Bloomberg. The decision is aimed at preventing serious economic turmoil in Germany due to high energy prices.

he price of oil may rise to a “stratospheric” $380 per barrel if US and European sanctions lead Russia to reduce its crude supply in retaliation. This was disclosed by JPMorgan analysts endorsed by Natasha Kaneva in a note to clients seen by Bloomberg. Back story The Group of Seven (G7) leaders recently discussed a plan to cap the price of Russian oil in order to put pressure on Moscow, which is benefiting from rising energy prices, and cut off its sources of funding for the invasion of Ukraine, which prompted the note. A price exception could work through a...

Since the start of the year, the ruble has soared 40% against the dollar — outperforming every other currency in the world.Russian President Vladimir Putin has touted the ruble’s robust recovery as proof that his economy has successfully withstood the onslaught of Western sanctions. “The idea was clear: crush the Russian economy violently,” Putin told an economic forum in St. Petersburg last week. “They did not succeed. Obviously, that didn’t happen.”

Joe Biden on Wednesday delivered remarks on soaring gas prices from his fake White House set in the South Court Auditorium. Biden repeated the same lies in his speech and blamed Vladimir Putin for high gas prices. "Let’s remember how we got here: Putin invaded Ukraine,” said Biden. Gas prices spiked before Putin invaded Ukraine. Joe Biden scolded Republicans and said there is no way they can simultaneously blame him for high gas prices AND oppose Putin’s invasion of Ukraine. "So, for all those Republicans criticizing me for high gas prices in America, are you now saying we were wrong...

If approved by the White House, the move would double the number of High Mobility Artillery Rocket Systems sent to the country, as Ukrainian and Russian forces continue their long-range artillery battle in Ukraine’s east. Mykhailo Podolyak, an adviser to President Volodymyr Zelenskyy, is calling on the West to supply 300 rocket launchers, 500 tanks and 1,000 howitzers. Ustinova said 500 soldiers are dying or wounded on the battlefield each day. “One of the strategies the foreign partners are looking at is exhausting Putin. I’m sorry, we are exhausting our own people. We are literally losing our people,” she said.

Between a tanking stock market, soaring inflation, and mounting recession fears, Americans are turning on the economy. And somewhere, Vladimir Putin is probably smiling about it.Amid all the chaos, inflation has become the biggest financial concern of nearly every American as prices rise for everything from gas to groceries.There are several reasons that inflation reached a 40-year-high of 8.6% last month, including rising rents and labor costs. But economists say a major driver is Russia’s invasion of Ukraine, and the subsequent disruption to commodities that it has caused.“The Russian invasion and spike in oil and other commodity prices is the...

President Biden said the United States "has never seen anything like Putin’s tax on both food and gas," after the Labor Department announced Friday that inflation hit a new four-decade high in May. The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rent, rose 8.6% in May from a year ago. Prices jumped 1% in the one-month period from April. Those figures were both higher than the 8.3% headline figure and 0.7% monthly gain forecast by Refinitiv economists. The president, from the Port of Los Angeles...

Ukraine said Wednesday it would not demine waters around the Black Sea port of Odessa to allow for grain to be exported, citing the threat of Russian attacks on the city. “The moment we clear access to the port of Odessa, the Russian fleet will be there,” spokesman for the regional administration Sergiy Bratchuk said in a video statement on social media. He said that Russia “dreams of parachuting troops” into the city and that Moscow’s army “wants to attack” Odessa. The Turkish and Russian foreign ministers were meeting in Ankara Wednesday to discuss the creation of security corridor to...