Chinese firms can either stop doing business with Russia... or be forced to stop doing business with western nations which account for over 95% of their revenue. EUs plans to slap sanctions on Chinese firms aiding Russia's war machine - FT https://news.yahoo.com/brussels-plans-slap-sanctions-chinese-220913929.html?fr=sycsrp_catchall -The European Union has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine, the Financial Times reported on Sunday. Seven Chinese businesses have been listed in a new package of sanctions that will be discussed by EU member states this week, the report said, citing a copy of the sanctions list seen by the FT. According to the FT, the sanctions list includes two mainland Chinese companies, 3HC Semiconductors and King-Pai Technology, along with five from Hong Kong including Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments. On Monday, Chinese foreign ministry spokesperson Wang Wenbin said China urges the EU to avoid taking the "wrong path", otherwise it will take firm action to safeguard its rights and interests. "China opposes actions that use China-Russia cooperation as a pretext to impose illegal sanctions or long-arm jurisdiction against China," Wang said at a regular news conference. The European Commission did not immediately respond to a request for comment. Some companies like King-Pai Technology have already been placed under sanctions by the United States, which said it was a China-based supplier for multiple entities in Russia's military-industrial complex. Since Russia launched its invasion of Ukraine 14 months ago, which Russian President Vladimir Putin termed a "special military operation", the EU has adopted 10 sanctions packages against Russian individuals and companies, inflicting economic hardship and making financing the war more difficult.
Desperate to fund Putin's war, Russia is still shipping at a rapid pace world-wide -- no matter how low the price. Despite Russia's threat to cut output two months back -- the reality is very different. This Bloomberg article digs into Russia's oil exports in detail. Russia’s Seaborne Crude Flows Climb With No Sign of Output Cut https://uk.finance.yahoo.com/news/russia-seaborne-crude-flows-climb-113728255.html
Those billions in frozen Russian funds in Swiss Banks --- yeah, they will be seized and used to rebuild Ukraine. Over 7 billion francs of Russian central bank assets held in Switzerland https://www.thelocal.ch/20230510/ov...ssian-central-bank-assets-held-in-switzerland
Russia Spent Year's Worth of Savings in Just Four Months https://www.newsweek.com/russia-budget-deficit-2023-ukraine-war-1799754
Yup. I went over this months ago. When people were claiming the Russian economy was resilient against sanctions I was sharing information about Russian drawdowns of reserves in central bank. There is only so long you can run a massive war war on a cash in cash out basis from here.
What I said as a short-hand statement is that the west should not expect to bring the Russian economy to its knees but that it could bring it down to the Soviet level. They have arrived. A lot of the GDP that they bogusly report is their defense industry output which actually is a drain on their economy. That might have been discussed in some posts that I cannot see.
What a fine commercial airline safety record Russia will have. If the planes are broken just don't report it. We can't afford the downtime and we have no spare parts anyway. Russian Airlines Ask Employees to Report Fewer Aircraft Malfunctions – Proekt https://www.themoscowtimes.com/2023...ort-fewer-aircraft-malfunctions-proekt-a81140 Russia's flagship airline Aeroflot has asked its employees to refrain from recording equipment defects on aircraft, leading to planes regularly flying with malfunctions, according to the investigative news outlet Proekt, citing current and former employees at the airline. A former employee at Aeroflot explained that the policy, in force since last spring, was introduced "to prevent aircraft from being grounded due to a defect, which, according to regulations, prohibits the aircraft from flying until it is fixed.” A technical specialist at Aeroflot corroborated this information while adding that the same unofficial practice is now followed by other airlines in order to keep aircraft in the sky. A former pilot at Nordwind Airlines told Proekt about a January incident at the Kazan international airport when fuel started leaking during the start-up of a Boeing 737's engines. The pilot recalled that technicians were unsurprised by the leak. "It had happened several times before, but there were no records of it in the technical log book — the airline’s management asked us not to write anything," the pilot said. "The Russian attitude of betting on good luck also exists in aviation. Obviously, it’s frightening to fly on hope alone, but unfortunately, that’s what’s happening in many airlines in the country today," he added. Russia’s airline sector was one of the first to be affected by the Western sanctions and economic fallout from Moscow’s invasion of Ukraine. Air carriers have faced mounting problems with aircraft maintenance after being cut off from supplies of spare parts and software updates. Sanctions are forcing Russian airlines to operate fewer flights, use fewer aircraft and cannibalize planes for spare parts, according to the American consulting company Oliver Wyman. While Russian airlines maintained some 736 aircraft at the beginning of this year, analysts at Oliver Wyman estimate this number will halve by 2026, with airlines losing around 20% of their fleet each year.
The U.S. and other countries are cracking down on the networks which are smuggling sanctioned airline parts into Russia via other nations. It is getting more difficult for Russia to keep commercial planes in service. NYT: two Russian nationals arrested in US, suspected of supplying sanctioned aircraft parts to Russia https://novayagazeta.eu/articles/20...g-sanctioned-aircraft-parts-to-russia-en-news Oleg Patsulya, a Russian national, and his business partner were arrested in the US for violating sanction regulations, The New York Times reports. The investigation reveals that Patsulya and his partner whose name remains undisclosed would send sanctioned aircraft parts to Russia in 2022 through a network of companies based in Florida, Turkey and Russia, including expensive brake systems for a Boeing 737, for at least three Russian airlines. NYT believes there are many other such networks that help Russia circumvent the sanctions. The data, which was compiled and analysed by Import Genius, a US-based trade data aggregator, shows that aircraft parts worth tens of millions of dollars were sent to Russian airlines explicitly facing sanctions, including to Rossiya Airlines, Aeroflot, Ural Airlines, S7 Airlines, Utair Aviation and Pobeda Airlines, NYT says. In all, it shows that $14.4 million of US-made aircraft parts were sent into Russia within eight months in 2022, including $8.9 million worth of parts that are described as being manufactured or trademarked by the US plane maker Boeing and sold into Russia via third parties, according to NYT. Most of the products were routed through countries like the United Arab Emirates, Turkey, China and the Maldives, according to the data. But a handful of shipments — including to Rossiya Airlines — were sent directly from the United States or Europe. A similar way of supplying Russia with aircraft and aircraft parts was earlier described by Lithuania’s LRT whose reporters revealed a network of companies in Italy, Turkey, and Russia that helped transport sanctioned parts by reporting false destinations while cutting deals.
The EU is cracking down on refined Russian oil being processed & transhipped via India. EU to curb Indian fuel imports made with Russian oil: Report The EU’s foreign policy chief has called for a crackdown of Russian oil into Europe as refined fuel, including diesel. https://www.aljazeera.com/news/2023/5/16/eu-to-curb-indian-fuel-imports-made-with-russian-oil-report
We are more concerned with what is happening in the Russian economy when, the US is $31 trillion in the hole? Joe Biden, Democrats and RINOs acting like there is no problem with that. RINOs complicit spending $100 billion on Ukraine alone with no end in sight to that blank check policy of Joe Biden. Ukraine has already lost this war, US can spend a $1 trillion on Ukraine and they will still lose this war. Russia, in the interest of world peace should just bomb and attack all those weapons and ammo depots in Ukraine and burn them all down. That is how to end this war.