Moscow retaliates against Western sanctions with export bans
1–10 of 143 posts
Re: Moscow retaliates against Western sanctions with export bans
#2Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
Re: Moscow retaliates against Western sanctions with export bans
#3Western sanctions = Russia cannot spend money on western products
Russian sanctions = Russia does not get any money from other countries
That is good, right?
Re: Moscow retaliates against Western sanctions with export bans
#4Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
If they extend them to gas, we Euros are fucked hard.
Re: Moscow retaliates against Western sanctions with export bans
#5Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
You need a large alignment to have any real effect. Even the things we may need from them we can buy from another country that bought from them. Russia doesn't have the political network to prevent this from happening.
Re: Moscow retaliates against Western sanctions with export bans
#6I can't find data to support my speculation but I'll share it anyway:
1. The things the west has banned importation from Russia, and the things that Russia is banning exportation of, may not be the same. Therefore, Russia may cause pain by blocking the export of some things that were previously available.
2. The West previously controlled when the end of this trade blockage happens. Now Russia also controls this and the timing - what was previously a boolean is now an AND.
Re: Moscow retaliates against Western sanctions with export bans
#7Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
If they extend them to gas, we Euros are fucked hard.
They can't redirect a gas pipeline. If they sell it to Asia instead they will have a much higher overhead in transportation. Then they'd have to deal with the leverage that Asia has over little competition.
Re: Moscow retaliates against Western sanctions with export bans
#8Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
If they extend them to gas, we Euros are fucked hard.
If they extend it to fertilizers a lot of people will feel the effect.
> Russia produces 50 million tons of fertilizers every year, 13 percent of the world's total. The country is a major exporter of potash, phosphate, and nitrogen-containing fertilizers, all of which are major crop and soil nutrients.
Source: https://southeastagnet.com/2022/03/07/russian-ministry-recom...
Re: Moscow retaliates against Western sanctions with export bans
#9Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
Russia and Ukraine generate a quarter of the world's grain, and nearly as much so of corn.
Ukraine was pretty much written off for this season, but Russia shutting off grain exports is going to make things worse. However, it's yet another loss of income for them when they've already lost most of their oil/gas export income. My guess is that the grain and corn will go to China.
The US pays a lot of farmers to sit on their asses, so there's plenty of capacity; if the federal government acts fast and farmers are smart...
Re: Moscow retaliates against Western sanctions with export bans
#10Maybe someone can enlighten me, but is this not the equivalent of saying "You can't fire me - I quit"? Are there any practical consequences from this besides symbolism?
Some few Russian products are in high demand. Natural gas, as others have said.
Russia is the third biggest supplier of nickel, and iirc the biggest supplier of high grade nickel- a key component in many applications, not the least of which is in lithium batteries.
London recently had to suspend nickel trading because the price was astronomically high. There will be no getting off of fossil fuels without nickel, and not anytime remotely soon without Russian nickel.