Biden threatens Putin " If . . . . no longer a Nord Stream 2 . . bring end to it"

[notsonice + 1,062]

Just now, bobo88 said:

Good time to buy.

Buy low.

Sell high. 

Shaking out the weak sisters.?

great for you, Buy the stock like the other dimwitted poster here telling us all he would buy shares at $8. It really is cheap toilet paper at $4 or maybe you should wait until it is delisted off the international exchanges. PS When you get a dividend in Rubles where can you spend them in the US???? ha ha ha ha. Worthless shares and worthless Rubles brought to you by a dimwitted Russian.

[notsonice + 1,062]

How much it will cost to yank Nordstream 2 out of the water???? does Gazprom have enough cash (real dollars not worthless rubles) to pay for the removal. The dimwitted Russian brought you all of this

[notsonice + 1,062]

24.02.2022 08:05

Moscow Exchange has suspended trading on all of its markets until further notice

Moscow Exchange has suspended trading on all of its markets until further notice.

 

when this  happens will you invest in Russia????? I hope the US bans all trading in any Russian company by any US Citizen. A real Patriot does not invest in Russia.

[bobo88 + 58]

3 minutes ago, notsonice said:

24.02.2022 08:05

Moscow Exchange has suspended trading on all of its markets until further notice

Moscow Exchange has suspended trading on all of its markets until further notice.

 

when this  happens will you invest in Russia????? I hope the US bans all trading in any Russian company by any US Citizen. A real Patriot does not invest in Russia.

That's OK , I got my buy order in before it closed.

Edited February 24, 2022 by bobo88

[notsonice + 1,062]

3 minutes ago, bobo88 said:

That's OK , I got my buy order in before it closed.

Nordstream 2 is dead. HA HA HA,  do you buy stocks in companies with pipelines to nowhere??? You should invest in Keystone

Edited February 24, 2022 by notsonice

[bobo88 + 58]

9 minutes ago, notsonice said:

How much it will cost to yank Nordstream 2 out of the water???? does Gazprom have enough cash (real dollars not worthless rubles) to pay for the removal. The dimwitted Russian brought you all of this

 

9 minutes ago, notsonice said:

How much it will cost to yank Nordstream 2 out of the water???? does Gazprom have enough cash (real dollars not worthless rubles) to pay for the removal. The dimwitted Russian brought you all of this

You are too funny.

Nordstream 2 will be up and running when they need it.  Biden's bravado all puff , no substance.  

They call Putin crazy . . . .  Crazy as a fox. 

See ya. I have things to get done. I can't spend all day on this chat board like you.  

[surrept33 + 609]

https://www.ft.com/content/c43bd064-6250-4b99-aae9-5792217b2491

Biggest Russian banks could be targeted as west prepares severe sanctions over Ukraine invasion

World leaders gather to step up measures at the G7 after first round fails to deter Putin

As Vladimir Putin began a full-scale invasion of Ukraine on Thursday, western powers were gathering to put together a round of sanctions aimed at inflicting real pain on the Russian economy.

The sanctions already put in place over the past week took aim at smaller banks, a handful of oligarchs, the Nord Stream 2 gas pipeline and the trading of Russia’s sovereign debt.

 

But experts say that to really squeeze Putin, the west needs to take aim at the country’s biggest banks.

 

“To name just a few oligarchs and a handful of tier two and three banks — if you are Russia, you will really feel like you have gotten away with something,” said Jason Hungerford, a partner specialising in sanctions at international law firm Mayer Brown.

 

Now world leaders are preparing to go further. US president Joe Biden said he would meet his G7 counterparts on Thursday to coordinate “severe” sanctions.

 

Elina Ribakova, deputy chief economist at the Institute of International Finance, said the banks already on the US and European sanctions lists were too isolated from the global economy to have any meaningful impact. If the US were to target Russia’s largest state banks such as Sberbank, VTB and Gazprombank, however, “you could have very important systemic effects on Russia”, she said.

The lenders already targeted account for about 5 per cent of Russia’s total bank assets, compared with 32.6 per cent for Sberbank, 16.4 per cent for VTB and 7 per cent for Gazprombank, according to data provided to Russia’s central bank.

 

“You have risk of bank runs, you have the risk of tightening financial conditions, and you could have low, if not negative, growth this quarter,” Ribakova said. “These banks facilitate the transactions with Russia for global trade, so foreign partners will have to find new banks that they can work with.”

Expanded banking sanctions would also likely have a chilling effect, whereby most foreign institutions would over-comply and not transact with Russia at all without explicit permission from western authorities, Ribakova added.

 

Sanctions against Sberbank, which controls a third of Russia’s retail deposits and where one in two Russians have an account, would be particularly painful because of its role in paying salaries and pensions, according to Maria Shagina, a visiting senior research fellow at the Finnish Institute of International Affairs. State-controlled Gazprombank is the main conduit for foreign payments for oil and gas, and imposing sanctions on it would be potentially risky for Russia, she said. “The collateral damage is something everyone is afraid of,” she added.

Shares in Sberbank, which is majority-owned by the government, fell 46 per cent over the past six months as tensions in Ukraine ramped up, though investors were relieved after the bank was not included on the initial US or UK sanctions lists.  However, following Thursday morning’s invasion, its shares plummeted more than 50 per cent.

 

European banks with a large exposure to Russia were also hit hard. Shares in Raiffeisen, the Austrian lender that generates more than a third of its profits from Russia, fell 16.8 per cent in early trading, while Italy’s UniCredit and France’s Société Générale, which have large operations in the country were also hit harder than the border banking sector. All three banks have announced plans to reduce their presence in Russia, which will likely cause additional capital flows away from the country.

The western allies had kept their most potent financial sanctions in reserve in expectation of brinkmanship with Putin. Alongside hitting Russia’s biggest banks, other tools they could use include cutting the country off from the global Swift payments system and blocking access to US dollar clearing.

Removing Russia from Swift, the international payments network that allows banks to exchange information about transactions, would be a heavy blow to its biggest banks and the country’s ability to trade outside its borders. It would also stymie Russia’s ability to recoup international profits from its oil and gas exports, which account for more than 40 per cent of its revenue. Being cut off from Swift would not prevent Russian banks from carrying out cross-border transactions, but doing so would become more costly, arduous, and risky.

“There will be a huge fallout for European banks,” said a senior executive at a foreign lender with a large Russian presence. “We are not talking about Iran or North Korea; Russia is much more integrated into the flow of goods globally. It will take time to deleverage, but given time, we will have to adjust to replace Russia's role in the financial sector and broader economy.”

Russia has attempted to limit the threat of losing access to Swift by developing its own system, though it has attracted few banks outside its borders and is used for just 20 per cent of domestic payments.

 

Bill Browder, the high-profile Kremlin critic and sanctions campaigner who advises governments on their negotiations with Putin, said removing Russia from Swift should be a last resort. “They should sanction 50 Putin oligarchs in short order,” he said.

However, taking such action would also require support from the EU, which has so far been squeamish about pulling the trigger on such an explosive weapon.

 

The US would be able to act unilaterally by blocking Russian companies from converting roubles to hard currency through its control of the dollar clearing system, overseen by the Federal Reserve. Doing so would be a kill switch of sorts, and would cut off Russian companies from the US banking system and hamper even the most straightforward transactions internationally.

More than half of Russian exports are denominated in US dollars — down from 80 per cent at the end of 2013 — which is equivalent to $300bn or 19 per cent of GDP, according to Fitch. An additional 29 per cent of exports are denominated in euros.

The US has used this tool effectively when implementing sanctions against Iran and Sudan, though Russia’s wider reach in the global financial markets would mean that employing it this time would have larger consequences for foreign counterparties and banks and would take time to phase in.

 

“The ability for Russians to trade, pay for goods with roubles with the west or to raise funds on the capital markets could be severely impacted if any of these measures were taken,” said Paul Feldberg, a partner specialising in sanctions at law firm Jenner & Block. “There would be a profound contracting effect on the Russian economy — but whether or not Putin cares is another question.”

[notsonice + 1,062]

2 hours ago, bobo88 said:

 

You are too funny.

Nordstream 2 will be up and running when they need it.  Biden's bravado all puff , no substance.  

They call Putin crazy . . . .  Crazy as a fox. 

See ya. I have things to get done. I can't spend all day on this chat board like you.  

Nordstream 2 Up and running??? please post the press release telling us this is happening........wait.... you do not have one???? 

 

Investing in Gazprom today, Bankruptcy tomorrow. Enjoy 

Edited February 24, 2022 by notsonice

[notsonice + 1,062]

8 minutes ago, surrept33 said:

https://www.ft.com/content/c43bd064-6250-4b99-aae9-5792217b2491

Biggest Russian banks could be targeted as west prepares severe sanctions over Ukraine invasion

World leaders gather to step up measures at the G7 after first round fails to deter Putin

As Vladimir Putin began a full-scale invasion of Ukraine on Thursday, western powers were gathering to put together a round of sanctions aimed at inflicting real pain on the Russian economy.

The sanctions already put in place over the past week took aim at smaller banks, a handful of oligarchs, the Nord Stream 2 gas pipeline and the trading of Russia’s sovereign debt.

 

But experts say that to really squeeze Putin, the west needs to take aim at the country’s biggest banks.

 

“To name just a few oligarchs and a handful of tier two and three banks — if you are Russia, you will really feel like you have gotten away with something,” said Jason Hungerford, a partner specialising in sanctions at international law firm Mayer Brown.

 

Now world leaders are preparing to go further. US president Joe Biden said he would meet his G7 counterparts on Thursday to coordinate “severe” sanctions.

 

Elina Ribakova, deputy chief economist at the Institute of International Finance, said the banks already on the US and European sanctions lists were too isolated from the global economy to have any meaningful impact. If the US were to target Russia’s largest state banks such as Sberbank, VTB and Gazprombank, however, “you could have very important systemic effects on Russia”, she said.

The lenders already targeted account for about 5 per cent of Russia’s total bank assets, compared with 32.6 per cent for Sberbank, 16.4 per cent for VTB and 7 per cent for Gazprombank, according to data provided to Russia’s central bank.

 

“You have risk of bank runs, you have the risk of tightening financial conditions, and you could have low, if not negative, growth this quarter,” Ribakova said. “These banks facilitate the transactions with Russia for global trade, so foreign partners will have to find new banks that they can work with.”

Expanded banking sanctions would also likely have a chilling effect, whereby most foreign institutions would over-comply and not transact with Russia at all without explicit permission from western authorities, Ribakova added.

 

Sanctions against Sberbank, which controls a third of Russia’s retail deposits and where one in two Russians have an account, would be particularly painful because of its role in paying salaries and pensions, according to Maria Shagina, a visiting senior research fellow at the Finnish Institute of International Affairs. State-controlled Gazprombank is the main conduit for foreign payments for oil and gas, and imposing sanctions on it would be potentially risky for Russia, she said. “The collateral damage is something everyone is afraid of,” she added.

Shares in Sberbank, which is majority-owned by the government, fell 46 per cent over the past six months as tensions in Ukraine ramped up, though investors were relieved after the bank was not included on the initial US or UK sanctions lists.  However, following Thursday morning’s invasion, its shares plummeted more than 50 per cent.

 

European banks with a large exposure to Russia were also hit hard. Shares in Raiffeisen, the Austrian lender that generates more than a third of its profits from Russia, fell 16.8 per cent in early trading, while Italy’s UniCredit and France’s Société Générale, which have large operations in the country were also hit harder than the border banking sector. All three banks have announced plans to reduce their presence in Russia, which will likely cause additional capital flows away from the country.

The western allies had kept their most potent financial sanctions in reserve in expectation of brinkmanship with Putin. Alongside hitting Russia’s biggest banks, other tools they could use include cutting the country off from the global Swift payments system and blocking access to US dollar clearing.

Removing Russia from Swift, the international payments network that allows banks to exchange information about transactions, would be a heavy blow to its biggest banks and the country’s ability to trade outside its borders. It would also stymie Russia’s ability to recoup international profits from its oil and gas exports, which account for more than 40 per cent of its revenue. Being cut off from Swift would not prevent Russian banks from carrying out cross-border transactions, but doing so would become more costly, arduous, and risky.

“There will be a huge fallout for European banks,” said a senior executive at a foreign lender with a large Russian presence. “We are not talking about Iran or North Korea; Russia is much more integrated into the flow of goods globally. It will take time to deleverage, but given time, we will have to adjust to replace Russia's role in the financial sector and broader economy.”

Russia has attempted to limit the threat of losing access to Swift by developing its own system, though it has attracted few banks outside its borders and is used for just 20 per cent of domestic payments.

 

Bill Browder, the high-profile Kremlin critic and sanctions campaigner who advises governments on their negotiations with Putin, said removing Russia from Swift should be a last resort. “They should sanction 50 Putin oligarchs in short order,” he said.

However, taking such action would also require support from the EU, which has so far been squeamish about pulling the trigger on such an explosive weapon.

 

The US would be able to act unilaterally by blocking Russian companies from converting roubles to hard currency through its control of the dollar clearing system, overseen by the Federal Reserve. Doing so would be a kill switch of sorts, and would cut off Russian companies from the US banking system and hamper even the most straightforward transactions internationally.

More than half of Russian exports are denominated in US dollars — down from 80 per cent at the end of 2013 — which is equivalent to $300bn or 19 per cent of GDP, according to Fitch. An additional 29 per cent of exports are denominated in euros.

The US has used this tool effectively when implementing sanctions against Iran and Sudan, though Russia’s wider reach in the global financial markets would mean that employing it this time would have larger consequences for foreign counterparties and banks and would take time to phase in.

 

“The ability for Russians to trade, pay for goods with roubles with the west or to raise funds on the capital markets could be severely impacted if any of these measures were taken,” said Paul Feldberg, a partner specialising in sanctions at law firm Jenner & Block. “There would be a profound contracting effect on the Russian economy — but whether or not Putin cares is another question.”

State-controlled Gazprombank is the main conduit for foreign payments for oil and gas, and imposing sanctions on it would be potentially risky for Russia, she said. “The collateral damage is something everyone is afraid of,” she added....... oh that has to hurt

[RichieRich216 + 454]

14 hours ago, frankfurter said:

Sure. Let's see the great amurcun armed forces against a capable opponent. I wonder what amurcuns wll say and do when a few of their cities are vapourised. Fight to the destroy the entire planet, or try to save what is left?

oh wait. Psaki just now stated publicly in a presser the US will not be fighting Russia over Ukraine.  So the cowards have finally revealed their hand.

Isn't it odd how silent the US and EU were when the US invaded and bombed Yugoslavia and shred it to what amurcuns wanted, not what the residents wanted. ?

 

I agree with you; when you have weak leaders this is the result. Someone tell Taiwan check there six.

[notsonice + 1,062]

News out of Russia

 

Dollars have run out at Russian ATMS. Rubles??? no one wants them in Russia

[kshithij Sharma + 78]

42 minutes ago, notsonice said:

How much it will cost to yank Nordstream 2 out of the water???? does Gazprom have enough cash (real dollars not worthless rubles) to pay for the removal. The dimwitted Russian brought you all of this

Do you understand that the pipeline is complete and only awaits a "political approval"? This has little relevance in the long term as the pipeline can be activated anytime EU faces the need for more gas.

Dollars is not cash as it is just a paper currency reliant of GCC largesse of petrodollar. Russian real currency is its natural resource exports like oil, gas, fertilisers, minerals etc. Russia runs a net surplus in exports which means that Russia can pay for any and all imports by routing the money for its exports. No one will dare stop buying 7.5Mbpd oil and other critical minerals from Russia. Russia won't sell anything if it is not paid. So, Russia can never run out of money as it will receive payments one way or another for its resource exports. 

[bobo88 + 58]

On 2/24/2022 at 10:50 AM, notsonice said:

Nordstream Up and running??? please post the press release telling us this is happening........wait.... you do not have one???? 

 

Investing in Gazprom today, Bankruptcy tomorrow. Enjoy 

Re: Nordstream2 

IT'S NOT OPERATIONAL YET.

Do you understand the difference between " .  .  .  will be running " 

and 

" is running " as you misquoted me. 

You have the mental capacity of a five year old .  .  .  .  or Joe Biden. 

Please get some sleep.  I'm guessing you have been up all night watching Putin's attack of Ukraine on CNN. 

 

Edited February 26, 2022 by bobo88

[Eric Gagen + 713]

1 hour ago, kshithij Sharma said:

Do you understand that the pipeline is complete and only awaits a "political approval"? This has little relevance in the long term as the pipeline can be activated anytime EU faces the need for more gas.

Dollars is not cash as it is just a paper currency reliant of GCC largesse of petrodollar. Russian real currency is its natural resource exports like oil, gas, fertilisers, minerals etc. Russia runs a net surplus in exports which means that Russia can pay for any and all imports by routing the money for its exports. No one will dare stop buying 7.5Mbpd oil and other critical minerals from Russia. Russia won't sell anything if it is not paid. So, Russia can never run out of money as it will receive payments one way or another for its resource exports. 

Just because the pipeline has been constructed doesn't mean it will eventually get used.  The Tapline pipeline from Saudi Arabia to the Syrian coast was considered a vital world transportation asset, until one day for political reasons they stopped using it.  https://en.wikipedia.org/wiki/Trans-Arabian_Pipeline  There's no reason that Putin's pipeline won't meet the same fate, but perhaps without ever being placed into service.  

[notsonice + 1,062]

1 hour ago, bobo88 said:

Re: Nordstream2 

Do you understand the difference between " .  .  .  will be running " 

and 

" is running " as you misquoted me. 

You have the mental capacity of a five year old .  .  .  .  or Joe Biden. 

Please get some sleep.  I'm guessing you have been up all night watching Putin's attack of Ukraine on CNN. 

 

Nordstream 2 is dead, got it? . Russian Economy is now dead, got it? Ruble...worthless  got it??? Gazprom shares crashing ...Got it ? all brought to you by a dimwitted Russian. Are all Russians as dimwitted as Putin??? I have to think so.

[bobo88 + 58]

10 minutes ago, notsonice said:

Nordstream 2 is dead, got it? . Russian Economy is now dead, got it? Ruble...worthless  got it??? Gazprom shares crashing ...Got it ? all brought to you by a dimwitted Russian. Are all Russians as dimwitted as Putin??? I have to think so.

LOL

[surrept33 + 609]

The US hinted that they could do this after Colonial Pipeline:

https://www.nbcnews.com/politics/national-security/biden-presented-options-massive-cyberattacks-russia-rcna17558

Two U.S. intelligence officials, one Western intelligence official and another person briefed on the matter say no final decisions have been made, but they say U.S. intelligence and military cyber warriors are proposing the use of American cyberweapons on a scale never before contemplated. Among the options: disrupting internet connectivity across Russia, shutting off electric power, and tampering with railroad switches to hamper Russia’s ability to resupply its forces, three of the sources said.

[notsonice + 1,062]

8 minutes ago, surrept33 said:

The US hinted that they could do this after Colonial Pipeline:

https://www.nbcnews.com/politics/national-security/biden-presented-options-massive-cyberattacks-russia-rcna17558

Two U.S. intelligence officials, one Western intelligence official and another person briefed on the matter say no final decisions have been made, but they say U.S. intelligence and military cyber warriors are proposing the use of American cyberweapons on a scale never before contemplated. Among the options: disrupting internet connectivity across Russia, shutting off electric power, and tampering with railroad switches to hamper Russia’s ability to resupply its forces, three of the sources said.

Game on

[bobo88 + 58]

On 2/24/2022 at 12:24 PM, Eric Gagen said:

Just because the pipeline has been constructed doesn't mean it will eventually get used.  The Tapline pipeline from Saudi Arabia to the Syrian coast was considered a vital world transportation asset, until one day for political reasons they stopped using it.  https://en.wikipedia.org/wiki/Trans-Arabian_Pipeline  There's no reason that Putin's pipeline won't meet the same fate, but perhaps without ever being placed into service.  

The reason is Germany wants it and needs it.  German corporations paid for a majority of the $12 costs.  

Putin wants it but doesn't need it like Germany.  

Germany has already closed down many of their coal and nuke power plants.

Their LNG storage has been filled to the brim in anticipation of Putin's attack.

Thanks Joe.  As Former Sec State Gates said , " Joe Biden has been on the wrong side of every international policy decision for the last 40 years. " 

and counting.

Be honest, if Putin goes into Poland will Germany honor Article 5 of NATO and fight to defend Poland.  Of course not. 

Will Germany ever pay their obligation of 2% of GDP for NATO dues. Of course not.

 

Edited February 26, 2022 by bobo88

[surrept33 + 609]

Anti-war protests all over Russia, despite repression:

https://theweek.com/russo-ukrainian-war/1010574/anti-war-protests-break-out-across-russia-despite-attempts-to-stifle

I admire the cojones on these Russians. 

Edited February 24, 2022 by surrept33

[bobo88 + 58]

11 minutes ago, surrept33 said:

The US hinted that they could do this after Colonial Pipeline:

https://www.nbcnews.com/politics/national-security/biden-presented-options-massive-cyberattacks-russia-rcna17558

Two U.S. intelligence officials, one Western intelligence official and another person briefed on the matter say no final decisions have been made, but they say U.S. intelligence and military cyber warriors are proposing the use of American cyberweapons on a scale never before contemplated. Among the options: disrupting internet connectivity across Russia, shutting off electric power, and tampering with railroad switches to hamper Russia’s ability to resupply its forces, three of the sources said.

Go for it Joe.  Start World War lll.

[surrept33 + 609]

9 minutes ago, bobo88 said:

Go for it Joe.  Start World War lll.

Ok, so "proxies" for the US would perform the aforementioned cyberattacks. 

As Russia understands, that's the beautiful thing about cyberattacks - plausible deniability. 

Nobody seems to consider it an act of war when Russia cyberattacks them, so...

Edited February 24, 2022 by surrept33

[surrept33 + 609]

Biden talking now:

https://www.youtube.com/watch?v=lyrvIYWsK_E

 

[kshithij Sharma + 78]

1 hour ago, Eric Gagen said:

Just because the pipeline has been constructed doesn't mean it will eventually get used.  The Tapline pipeline from Saudi Arabia to the Syrian coast was considered a vital world transportation asset, until one day for political reasons they stopped using it.  https://en.wikipedia.org/wiki/Trans-Arabian_Pipeline  There's no reason that Putin's pipeline won't meet the same fate, but perhaps without ever being placed into service.  

True. A pipeline can be shut for political reasons. The reason why the pipeline was shut was Israel occupation of Golan heights. Saudis did not want any transaction with Israel as it did not recognise Israel and hence stopped the pipeline after Israel - Jordan border. Later even that was stopped may be because the capacity was severely underutilised thereby increasing costs. Nevertheless, Saudi oil supply did not stop. Here, Saudi had little to lose as shipping cost is added to oil and it is the buyer who loses additional shipping money, not supplier.

In today's case, Nordstream 2 is not the key but Russian gas is. Unless someone substitutes Russian gas, it will be impossible to stop it. Nord Stream is simply the cheapest route for the gas. EU can choose a more expensive route but it will still be Russian gas and EU will simply be paying more to Russia for no reason. From buyer and political point of view, EU is going to lose if it stops Nordstream and Russia will remain unaffected as it will get its gas revenues regardless

[Boat + 1,315]

This next round of sanctions should have happened when Putin messed with the US elections and used Cyber attacks. Same medicine for China and Iran. There would be less disruption this drop in trade happened over time but in the case of Putin, more bad behavior kinda speeds up the process. I hope the world has had enough to do their part ending this trade.