https://oilprice.com/Energy/Crude-Oil/Sanctions-Strand-Over-50-Russian-Oil-Tankers.html Sanctions Strand Over 50 Russian Oil Tankers
https://www.bbc.com/news/articles/c90398g7y8go Russia passenger jet crashes near Moscow during test flight
Soon Russian airlines will have no planes to fly -- between having no parts for the western one and the old Russian ones continually crashing. Seeing that Russia has not been paying their leasing fees for western aircraft; these clowns shouldn't be flying them anyway (Noting that they will be seized if they show up in most western countries for non-payment.) Russia's S7 To Decommission Airbus A320/A321neos Due To Sanctions According to Dmitry Yadrov, the head of the Russian Federal Air Transport Agency, S7 Airlines will be forced to ground its Airbus A320neo family aircraft due to mandatory engine repairs of the PW1100G, which has become increasingly difficult due to the sanctions imposed on Russia for its invasion of Ukraine. https://simpleflying.com/video/russias-s7-to-decommission-airbus-a320a321neos-due-to-sanctions/ (Article has video)
but on the other hand - their planes are already failing right after they leave the "factory" ... brand new ... "russia" ... lol
The problem with the US and NATO is they are doing much, much worst financially than the BRICS nations including, China and Russia. All their sanctions is actually, destroying the US and Europe's economy. In addition, the US and Europe are heavily dependent on Russian and OPEC oil. Trump made the US, the number 1 oil producer but, thanks to Joe Biden, now the US is importing Russian and OPEC oil indirectly, thru China and India. The oil price cap was ineffective as Russia and OPEC simply, cut oil supplies. The idiots of NATO failed economics 101. Now, NATO's threat to confiscate Russia's foreign currency reserves have Saudi Arabia saying, they will dump Europe's bonds which would again hurt Europe. Economic sanctions can be imposed by both sides, lost in the minds of the NATO geniuses. So, 20,000 sanctions later, Russia is still doing way better economically than the US and Europe. Also, Russia continuing to ramp up its arms production. They are ready for war with NATO for two years atleast. The UK military said, they can fight the Russians for 2 whole months. What happens after the 2 months, they are out of weapons or ammo? The same goes for most NATO countries. They would not have enough ammo and weapons is a long war with Russia. Russia will turn Europe into a wasteland like Ukraine, on top of it.
Yep.... the "Russian economy" is a laughable joke -- as it slides back into the Soviet era. Putin ‘peddling lies’ about ailing Russian economy, say EU ministers Group of finance ministers call for sanctions to be ratcheted up amid signs Moscow’s war machine is weakening https://www.theguardian.com/world/article/2024/jul/24/putin-lies-russian-economy-eu-ministers Vladimir Putin is “peddling lies” about the strength of the Russian economy that must be refuted, finance ministers from eight EU member states have said, with growing signs of deterioration in the face of biting sanctions. They say there are signs that the economy is being “sovietised” with many hallmarks of the former USSR including expropriation of private assets to fund public spending, a “total disregard to the social and economic wellbeing of the population” and reorientation of the economy towards its war in Ukraine. “If Putin stays on this path, the long-term damage to the Russian economy will be significant,” they wrote in a joint article in the Guardian. It was imperative, they said, that western democracies turned the screw amid fears that if there were a ceasefire in Ukraine tomorrow, Russia would spend the next few years regrouping its weakening economy for a second attack on Europe. “By re-Sovietising the Russian economy, Putin has put it on a path towards its own decline. Now it is time for the west to up the pressure even more. Supporting Ukraine and undermining Russia’s capacity to wage war at every turn should be the top priority of every democratic country,” they said. “President Vladimir Putin and his authoritarian regime are peddling the false narrative that the Russian economy is strong, and that its war machine is unharmed by western sanctions. This is a lie that must be refuted. “In fact, there are many signs that the Russian war economy is deteriorating. The sanctions and other measures to weaken the Russian economy are effective, but even more can be done. We must continue to increase pressure against Putin’s regime and support Ukraine.” The article was written by the finance ministers of Sweden, Denmark, Estonia, Finland, Lithuania, Latvia, Netherlands and Poland, whose prime minister, Donald Tusk, has previously said Europe is in a “pre-war era” similar to 1938. The ministers urged counterparts across Europe and the US to ensure greater vigilance on circumvention of sanctions. But they are also calling on them to get behind a “swift … operationalisation” of a G7 June agreement to raise up to €50bn (£42bn) in loans to Ukraine using windfall profits from Russia’s immobilised assets. On Tuesday, the Kremlin said it would take legal action over what it called the “theft” of its cash reserves, which were frozen after the invasion of Ukraine in February 2022. The ministers also want sanctions on energy, finance and technology products getting into Russia to be strengthened to close down circumvention routes. Both “border and source countries” of technology including many in the EU and the US needed to “continue working on closing the loopholes”. This week, the UK pledged to help crack down on “phantom fleets” of tankers that are sneaking oil out of Russia and selling it for more than the $60 energy sanctions price cap and further fuelling Russia’s war machine.
Yeah... when you send many of your men into the meatgrinder then there tends to be a labor shortage back home with inflation spinning out of control. The actual economic growth is expected to decline despite the Kremlin's earlier forecast of 2.9% GDP growth in 2024 (which is fiction). Quite an economic mess you have there, Vlad. Russian central bank raises rates to curb wartime inflation https://english.nv.ua/nation/russia...tion-surges-and-labor-shortages-50438189.html Record military spending on the war against Ukraine is “overheating” the Russian economy, leading to labor shortages, macroeconomic imbalances, and rising inflation, Newsweek reported on July 27. Despite the Kremlin's optimistic forecast of 2.9% GDP growth in 2024, Russia's economic growth is expected to decline. Massive losses in the army and Russian draft dodgers have caused labor shortages in key sectors of the economy. "Inflationary risks associated with sanctions have materialized," said Russia's Central Bank Governor Elvira Nabiullina at a July 26 press conference. She announced an increase in the interest rate from 16% to 18%. According to Nabiullina, a "greater tightening of monetary policy" is needed to curb inflation, which is currently running at 8.6% year-on-year. She did not rule out further increases. "Initial plans to start cutting rates in the second half of the year had to be abandoned as inflation showed signs of spinning out of control," Bartosz Sawicki, market analyst at Conotoxia fintech, told Newsweek. "Instead, additional tightening of monetary policy had to be enacted in an effort to cool down the overheating wartime economy. Military spending, running at around 7% of GDP, has led to serious macroeconomic imbalances, which are beginning to take their toll." Consumer price inflation has been rising for six consecutive months, putting the Central Bank's plan to reduce it to 4% at risk due to "international sanctions leading to higher cross-border payment costs and rising fuel prices." "This can be partially attributed to refinery capacity outages caused by Ukrainian drone strikes," Sawicki said. This follows an earlier decision by the Council of the European Union, announced on July 22, to extend sanctions against Russia for another six months.