Earlier quoted context omitted.
No it did not. Neither by volume nor revenue.
https://www.cnn.com/2023/04/14/energy/russia-oil-exports-iea...
You weren't talking about crude oil only, were you? So what point are you trying to make with this article?
EU achieved independence from Russian fossil fuels
191–200 of 204 posts
Re: EU achieved independence from Russian fossil fuels
#192Earlier quoted context omitted.
Not being dependent from terrorist state for basic necessities like fuel is worth it.
More precisely : terrorist state not on your side . Many countries are considered terrorist states in all sides of the world, including France, UK, Spain, Israel, Saudi Arabia and of course USA. https://en.m.wikipedia.org/wiki/State_terrorism
Good point. US in particular stirred a lot of shit that's still brewing now...
Re: EU achieved independence from Russian fossil fuels
#193Earlier quoted context omitted.
IMF is literally projecting growth for Russia this year, but whatever you say buddy. Here is another article you might want to read carefully https://www.spectator.co.uk/article/why-the-economic-war-aga...
> IMF is literally projecting growth for Russia this year That doesn't translate to "sanctions are utter failure ". Again, your logic is failing you. > but whatever you say buddy The articles you linked to are saying that, have you read them? Reading comprehension is a valuable skill to have. > Here is another article you might want to read carefully > The country has suffered harm from western sanctions, even if not…
>That doesn't translate to "sanctions are utter failure ". Again, your logic is failing you.
If you don't understand how Europe going into recession while Russia showing growth is a failure of the sanctions, then your logic if failing you I'm afraid.
> The articles you linked to are saying that, have you read them? Reading comprehension is a valuable skill to have.
And once you develop this skill then you'll be able to comprehend what these articles are saying.
> So even this new article that you linked disagrees that the sanctions were an utter failure...
Keep working on that reading comprehension.
Re: EU achieved independence from Russian fossil fuels
#194Earlier quoted context omitted.
> IMF is literally projecting growth for Russia this year That doesn't translate to "sanctions are utter failure ". Again, your logic is failing you. > but whatever you say buddy The articles you linked to are saying that, have you read them? Reading comprehension is a valuable skill to have. > Here is another article you might want to read carefully > The country has suffered harm from western sanctions, even if not…
>That doesn't translate to "sanctions are utter failure ". Again, your logic is failing you. If you don't understand how Europe going into recession while Russia showing growth is a failure of the sanctions, then your logic if failing you I'm afraid. > The articles you linked to are saying that, have you read them? Reading comprehension is a valuable skill to have. And once you develop this skill then you'll be able…
> If you don't understand how Europe going into recession while Russia showing growth is a failure of the sanctions, then your logic if failing you I'm afraid.
EU is predicted to have bigger growth then Russia, so...
> Keep working on that reading comprehension.
Certainly you could find one passage in those links you provided that is talking about the utter failure that the sanctions are and share it with us. I did that to show my point but for some reason you don't want to discuss the contents of the articles you provided.
Or you could at least show how did you logically go from Russia GDP is predicted to grow to sanctions are utter failure. That was your argument, wasn't it?
Re: EU achieved independence from Russian fossil fuels
#195Earlier quoted context omitted.
"That's just factually wrong I'm afraid" This kind of response is incredibly rude. So it looks like their production has since gone up, a lot (after dropping mid last year). Profits are still down because nobody's paying full price. https://www.euronews.com/2023/05/31/russian-oil-exports-are-...
I'm not sure what's rude about stating that the statement you made is factually wrong. Furthermore, the west doesn't really have good data on the volume of sales Russia is doing because these transactions are happening outside of SWIFT.
> https://edition.cnn.com/2023/04/14/energy/russia-oil-exports...
>> The revenue is still down 43% from a year ago, the IEA said, as Russia is forced to sell its barrels to a more limited pool of customers who can negotiate greater discounts.
>> Still, sanctions have made a significant dent in Russia’s coffers. Last week, the government said declining energy revenues had contributed to a budget deficit of 2.4 trillion rubles ($29 billion) in the first three months of this year. Its overall income plunged nearly 21% compared with the same period in 2022, Reuters reported.
So is this article a lie or not? its your own source, you seem to want to very selectively quote it.
Re: EU achieved independence from Russian fossil fuels
#196Earlier quoted context omitted.
Sure, but before that gas was funding a self professed foe. It's much better to not fund your enemies.
Long term investment is after Russia implodes the EU won't have to spend as much on weapons as they do now.
At the rate the things are going, it's looking far more likely that it's the EU that's going to implode.
Re: EU achieved independence from Russian fossil fuels
#197Earlier quoted context omitted.
I'm not sure what's rude about stating that the statement you made is factually wrong. Furthermore, the west doesn't really have good data on the volume of sales Russia is doing because these transactions are happening outside of SWIFT.
> https://edition.cnn.com/2023/04/14/energy/russia-oil-exports... >> The revenue is still down 43% from a year ago, the IEA said, as Russia is forced to sell its barrels to a more limited pool of customers who can negotiate greater discounts. >> Still, sanctions have made a significant dent in Russia’s coffers. Last week, the government said declining energy revenues had contributed to a budget deficit of 2.4 trillio…
Caveat there is that the numbers are based on what US can observe through SWIFT trade, but Russia does most of its trade now in local currencies. So these numbers claiming revenue is down 43% aren't actually showing the whole picture. However, as the article admits, even that is still pretty significant.
Re: EU achieved independence from Russian fossil fuels
#198Earlier quoted context omitted.
> https://edition.cnn.com/2023/04/14/energy/russia-oil-exports... >> The revenue is still down 43% from a year ago, the IEA said, as Russia is forced to sell its barrels to a more limited pool of customers who can negotiate greater discounts. >> Still, sanctions have made a significant dent in Russia’s coffers. Last week, the government said declining energy revenues had contributed to a budget deficit of 2.4 trillio…
Caveat there is that the numbers are based on what US can observe through SWIFT trade, but Russia does most of its trade now in local currencies. So these numbers claiming revenue is down 43% aren't actually showing the whole picture. However, as the article admits, even that is still pretty significant.
> Caveat there is that the numbers are based on what US can observe through SWIFT trade, but Russia does most of its trade now in local currencies. So these numbers claiming revenue is down 43% aren't actually showing the whole picture. However, as the article admits, even that is still pretty significant.
No it's not, the budget deficit information comes from Russia itself.
Re: EU achieved independence from Russian fossil fuels
#199Earlier quoted context omitted.
Caveat there is that the numbers are based on what US can observe through SWIFT trade, but Russia does most of its trade now in local currencies. So these numbers claiming revenue is down 43% aren't actually showing the whole picture. However, as the article admits, even that is still pretty significant.
> Caveat there is that the numbers are based on what US can observe through SWIFT trade, but Russia does most of its trade now in local currencies. So these numbers claiming revenue is down 43% aren't actually showing the whole picture. However, as the article admits, even that is still pretty significant. No it's not, the budget deficit information comes from Russia itself.
You're making a conjecture between two separate things. The statement regarding revenue being down 43% is not related to the deficit statement from Russia.
Re: EU achieved independence from Russian fossil fuels
#200Earlier quoted context omitted.
> Caveat there is that the numbers are based on what US can observe through SWIFT trade, but Russia does most of its trade now in local currencies. So these numbers claiming revenue is down 43% aren't actually showing the whole picture. However, as the article admits, even that is still pretty significant. No it's not, the budget deficit information comes from Russia itself.
You're making a conjecture between two separate things. The statement regarding revenue being down 43% is not related to the deficit statement from Russia.
It's all a part of the same picture. Details and figures may vary a little based on which periods are used for reference, but the overall story remains the same. As of April, according to RU FinMin, income from oil&gas is down -52% YoY, expenditure up +26%, deficit at 30%. In a departure from the usual dry and humorless style of official press releases, they describe outlook as positive.
And even these figures are artificially pumped by factors like the previously mentioned "trade in local currencies". India pays for oil in rupees, which are piling up in Indian banks because there is no use for them. Russia has no comparable demand for Indian goods, can't exhange rupees for other currencies, can't pay to third countries in rupees, and is unwilling to invest that money in India. Oil flows to India, nothing comes back.
If this is how Russia "successfully skirts western sanctions", then may it continue for a long time.