Bank of Russia freezes assets of unfriendly countries for $300 billion

a reply to: RussianTroll

Not a single microchip in the world can be produced without the Russian inert gas neon and without Russian artificial sapphires for the substrate.

Well, well, well... you certainly lived up to your name.

Neon is not the only inert gas used for chip production. Argon and Krypton work just as well (and if memory serves, argon is the preferred inert gas of choice since it is closer to air in density and easier to contain). In addition, neon is not a "Russian gas"... it is produced by fractional distillation of air, hence its rarity, and since air exists in other countries besides Russia, your statement is pure, unadulterated BS.

Neon is used in vacuum tubes, some fluorescent signage, and He-Ne lasers. We don't use that many vacuum tubes any more. we have transistors.

As for your "artificial sapphires," they are not used for substrate. Sapphires are composed of impure aluminum oxide (along with rubies, emeralds, and several other gems); while aluminum oxide can be used as a substrate theoretically, it is far inferior and much more expensive than the silica crystals actually used. Again, pure, unadulterated BS.

Don't bother replying... you just outed yourself. I'm done here.

TheRedneck

a reply to: RussianTroll

You and the government keep talking about Russia like they're the only country producing oil/gas. It's like everyone forgot the middle east exists. These gas prices are only like this because the major producers are falling in line. Just like when they tanked the market, and killed domestic production.

a reply to: RussianTroll

All the US would need to do is turn our oil production back on and say the hell with Russia and the ME. We literally have more oil and gas at this point then ALL OF the middle east and Europe COMBINED......we would be JUST fine

Dont let the propaganda lull you into a false sense of power......

Then if we decided to SELL that oil and gas to the UK, Russian economy tanks, miserably......

Thems be the facts

originally posted by: ManBehindTheMask
All the US would need to do is turn our oil production back on and say the hell with Russia and the ME.

EIA projections for 2022 and 2023 are for record high production.

a reply to: ManBehindTheMask

Then if we decided to SELL that oil and gas to the UK, Russian economy tanks, miserably..

The UK only imports 8% of it's oil from Russia.

By the end of 2022 there will be no more oil imported from Russia.

The UK will phase out imports of Russian oil in response to Vladimir Putin’s illegal invasion of Ukraine by the end of the year.

www.gov.uk...

a reply to: RussianTroll

Putin, is it you?

a reply to: RussianTroll


russia is FAR too small and insignificant to cause any issues with these Venezuelan measures.

Western companies already abandoned russia under the assumption that they wouldn't be able to recover their assets left inside russia, this is just russia trying to make it should like it was russia's decision, or that russia has any influence on the issue at all.

The communist in venezuela tried the same thing and it made the situation even worse for venezuela, same thing will happen to russia.

A question for RussianTroll

Putin has been praised by Klaus Schwab as being a part of the 'Young Global Leader' program, which trains promising people under the age of 40 to be future leaders for the WEF. Schwab advocates for a global reset by the year 2030, which requires a world-wide economic collapse to accomplish.

Many in the US- and other countries- see our leaders seeming to deliberately destroy our entire economic systems- while placing the blame on everything from covid, to supply chain to Russia. It doesn't take much to see Biden certainly fits this bill, if that indeed is the agenda.

Klaus Schwab is the new face of one of the worlds most evil man - Henry Kissinger- IMO. I think HK is still very active behind the scenes, pulling the strings on his many puppets, with Schwab being top of the chain of command.

My question is: could Putin be working with/for Klaus Schwab's 'great reset' agenda? Is it possible the major countries of the world or onboard with and working toward such a plan?

Thanks for your time.

So hey, how's the ruble doing here lately? Worth less than a penny US. Too bad. IMO you guys were doing so well, then Putin gifts us with Russian stupidity. Congrats.

originally posted by: RussianTroll

As for the measures taken by the Central Bank to refuse to redeem foreign bonds in foreign currency, in fact, the Russian Central Bank deliberately goes for a technical default of Russian companies, since the USA, Great Britain and the European Union have already defaulted on their currencies. Canada and Australia have long been considered by no one as any significant real player.

You should have done some research before dissing Canada and Australia. Canada's GDP is larger than Russia's and Australia's is only slightly smaller. South Korea and Italy also have larger economies. Russia's GDP is one-thirteenth the size of the EU's, and one-fifteenth the size of America's.

originally posted by: AugustusMasonicus

originally posted by: ManBehindTheMask
All the US would need to do is turn our oil production back on and say the hell with Russia and the ME.

EIA projections for 2022 and 2023 are for record high production.

That would be great! I hope its true my man i hope its true

originally posted by: ManBehindTheMask
That would be great! I hope its true my man i hope its true

EIA data is usually pretty accurate, they analyze well-starts/restarts, leases, resource ramp up, etc.

They introduced the measures to force other countries to pay for gas in rubles to force transactions via the Central Bank. The contracts they signed stipulate payments in dollars and euros to the gas companies. They cannot unilaterally change the payment structures. If countries refuse to pay in rubles (they already have, and those who haven't soon will) they have the excuse they need to cut off gas supplies.

This is the reality. It does virtually nothing for the currency itself for them to demand payment in rubles. That will force other countries to buy rubles and then pay the companies. There is a high demand for foreign currency right now...this just forces that currency through the central bank where it can be plundered.

You underestimate the power of a default, even a technical one. Putin's social contract to the average russian was as follows: "leave me in power and i'll improve the state of the economy" that was until the mid 2010s. Then it becamse "leave me in power and ill restore russias national prestige". This has wrecked both of the social contracts he pitched to the average russian.

The sanctions are absolutely devastating. They'll chop the russian economy in half. They'll make every day tasks difficult on the average russian. Companies that were responsible for employing them will no longer be able to trade with countries where there is actual demand. They wont be able to get loans they need to expand (even if a particular economic act wasn't sanctioned, try getting a foreign supplier of something to accept payment in rubles). There was nothing calculated about the war, the sanctions, and how this will make things worse for russia and it's (and it's people's) future. It's retaliatory and passionate...

But mainly it's delusional and terrible for the future of russia. If you want your country to be well off, don't piss off the entire world and your trading partners. If you don't like nato--a organization that was no longer relavent and just had a couple tens of thousands of non-threatening troops and weapons systems in neighboring states--don't invade a country on it's periphery. NATO was virtually dead. If you don't want your neighboring state to be better friends with the west than they are with you, how about being better to them? If you invade them they'll hate you for a century.

This is likely the biggest strategic failure of any country in a hundred years. The biggest strategic failure of any leader. Other than destroying russia entirely, you literally could not do worse to your own country than putin just did to russia. This was the biggest miscalculation in 100 years.

It showed putin to be a deadly delusional brute. It showed putin as being stuck in the cold war. It showed that putin has no reverence for the future of it's people. It showed that putin doesnt have a single strategic thought in his head. It shows that the russian armed forces are a joke. Even if he won the war (he was never going to) what was he going to do? Occupy ukraine for forever? It was never going to accept a pro-russian leader. The longer the occupation the more they'll hate russia.

This was always going to be the outcome.

originally posted by: RussianTroll
Hello ATS!

I continue to acquaint you with Russia's retaliatory economic actions against countries that have imposed sanctions against Russia. These measures are not introduced immediately, but gradually and thoughtfully, there are no emotions, only pure calculation.

Yesterday, the Central Bank of Russia announced that it had taken mirror measures against unfriendly countries to freeze their financial assets in Russia totaling $300 billion.
It was for this amount that a restriction on the movement of capital was introduced, by introducing a complete ban on the possibility of foreign companies selling shares of Russian companies on the stock market, as well as by completely refusing to pay external debts.

The Bank of Russia has suspended payments on corporate debt of Russian companies to creditors from unfriendly countries. Now all payments to such creditors are possible only with the written consent of a specially created commission under the Government of the Russian Federation. Simply put, the Central Bank has frozen any external payments from Russia to unfriendly countries, with the exception of foreign trade operations for the purchase of Russian goods. At the same time, Vladimir Putin has already announced that soon unfriendly countries will be able to buy Russian goods only for the Russian currency, the ruble.

“Restrictions on the movement of capital were introduced, a ban on the sale of securities by foreign investors and a ban on their withdrawal of funds from the Russian financial system,” the Russian regulator noted.

By the middle of next week, the Central Bank will develop a procedure for transferring European consumers to payments in rubles for gas. It is likely that this document will become the basis for the subsequent transfer of Western "partners" to rubles and other goods. As for the measures taken by the Central Bank to refuse to redeem foreign bonds in foreign currency, in fact, the Russian Central Bank deliberately goes for a technical default of Russian companies, since the USA, Great Britain and the European Union have already defaulted on their currencies. Canada and Australia have long been considered by no one as any significant real player.

The total corporate debt of Russian companies is estimated at $478 billion. In the next 3 years, Russian companies must pay more than 200 billion dollars to unfriendly countries. However, now Western commercial banks will have to forget about this money for a long time. This will lead to the default of Russian companies and to the reduction of their corporate ratings, which will prevent them from obtaining loans from Western banks in the future. But Russia will not need these loans from Western banks in the future. The actions of the Russian Central Bank obviously demonstrate that it, and the state as a whole, simply became indifferent to the fact that technical defaults were announced.

At the moment, the Central Bank, together with the Russian government, will decide who will pay the debts and who will not. It is possible that in case of unfreezing of the assets of the Central Bank, the corporate debt will be repaid by a proportionate amount.

Thanks.

a reply to: BingaTheGreat

They introduced the measures to force other countries to pay for gas in rubles to force transactions via the Central Bank. The contracts they signed stipulate payments in dollars and euros to the gas companies. They cannot unilaterally change the payment structures. If countries refuse to pay in rubles (they already have, and those who haven't soon will) they have the excuse they need to cut off gas supplies.

I think you are missing something here. If Russia sells oil for dollars, those dollars are immediately frozen and Russia receives nothing for their energy. Same with Euros. It would be like working for someone where the government grabs 100% of your paycheck before you even see it. I wouldn't continue working under those conditions, and I'm pretty sure neither would you.

Those contracts were already nullified by negating the value of the compensation.

It does virtually nothing for the currency itself for them to demand payment in rubles.

But it worked pretty well for the US dollar. How is that?

The sanctions are absolutely devastating.

Hurtful, I'm sure, but hardly devastating for Russia. Russia has a few options; another country friendly to Russia (Iran?) could broker the oil and act as an intermediary. China is also sitting right there, with some pipelines already in place, ready to suck up as much oil and gas as Russia can manage to pump. They'll pay in yuan probably, but since yuan still has value to Russia, that likely won't be an issue.

Devastating sounds more applicable to the EU. There are only so many energy producers in the world, and Russia was one of the biggies. Now they can't get that Russian energy because they have set it up so they wouldn't pay for it. That means a global oil/LNG shortage and rapidly rising prices worldwide.

I have to laugh a little here... a couple years ago, I kept hearing how building a border wall to stop illegal immigration from Mexico was going to endanger our entire existence because we would have a shortage of avocados. But shutting off energy isn't a big deal now? What, is everyone OK with sitting in the freezing dark as long as they have a frozen avocado to much on? Seems a lot of people have their priorities in life sorta bass-ackwards.

If you want your country to be well off, don't piss off the entire world and your trading partners. If you don't like nato--a organization that was no longer relavent and just had a couple tens of thousands of non-threatening troops and weapons systems in neighboring states--don't invade a country on it's periphery. NATO was virtually dead. If you don't want your neighboring state to be better friends with the west than they are with you, how about being better to them? If you invade them they'll hate you for a century.

I wish someone had said that back during the Cuban Missile Crisis. Oh, wait, that was when the USA invaded Cuba (our neighbor) because of military buildups by Russia. My bad.

Other than destroying russia entirely, you literally could not do worse to your own country than putin just did to russia.

I think I just heard Biden say "someone hold my beer."

The Redneck

originally posted by: stonerwilliam
a reply to: RussianTroll

People have very short memories Mr RT one hundred years ago Ukraine was going through the Holmador the pictures from that time of people selling human body parts from their front porches and the dead look in their eyes stays with you for a while .

I never heard of the Holmador. That was a new word to me.

Did a search on it. Brought tears to my eyes. It fills me with rage and disgust people look up to a man like Stalin that would do this to the people.

Image Search of Halmador

Wikipedia on Halmador

The Holodomor (Ukrainian: Голодомо́р, romanized: Holodomor, IPA: [ɦolodoˈmɔr];[2] derived from морити голодом, moryty holodom, 'to kill by starvation'),[a][3][4][5] also known as the Terror-Famine[6][7][8] or the Great Famine,[9] was a famine in Soviet Ukraine from 1932 to 1933 that killed millions of Ukrainians. The term "Holodomor" emphasises the famine's man-made nature and alleged intentional aspects such as rejection of outside aid, confiscation of all household foodstuffs and restriction of population movement. The Holodomor famine was part part of the wider Soviet famine of 1932–1933 which affected the major grain-producing areas of the country. Ukraine was home to one of the largest grain producing states in the USSR and as a result was hit particularly hard by the famine.[10] Millions of inhabitants of Ukraine, the majority of whom were ethnic Ukrainians, died of starvation in a peacetime catastrophe unprecedented in Ukrainian history.[11] Since 2006, the Holodomor has been recognized by Ukraine[12] alongside 15 other countries as a genocide against the Ukrainian people carried out by the Soviet government.[13]

Early estimates of the death toll by scholars and government officials vary greatly.[14] A joint statement by the United Nations signed by 25 countries in 2003 declared that 7–10 million died.[15][16] However, current scholarship and historical estimates a range much lower, with 4 to 6 million victims,[17] and more accurate estimates ranging from 3.3 to 5 million.[18][19]

If RussianTroll is aware of this history, it makes me nauseous to the stomach, how he lauds such leaders that cause such untold wanton mass slaughter on innocent victims. 🤢



Vile beyond words. 🤮

As above, it is truly saddening that any ‘virtue’ of Koba Stalin would be extolled by any human being.

While it’s refreshing to hear an alternative perspective (let’s face it the MSM is absolute dog) praising that POS simply doesn’t compute.

Stalin didn’t win or particularly contribute to winning ww2, he happened to be on the autocratic throne with a few million soviet lives to throw at the problem. This of course was accompanied by the liquidation (genocide) during collectivisation and class war…

Hell if Stalin had lived a little longer there’s every chance ww3 would have been long over and done.

For anyone who hasn’t read Stalin by E Radzinsky I’d make it a priority.

a reply to: randomuser

I watched the video compared to the pictures I saw it was tame ! There was only one picture in that video that hinted of the cannabalisim that went on ,they were truly gruesome .

When I was a kid in school the death figures were a lot more for some reason now those figures get played down and altered but I had a family member who saw all that first hand he was considered a white Russian and was terrified witless in the early 1970s when he saw a Russian fishing factory ship here in Scotland now I know why !

The British government of the time sent 50k white Russians home to their deaths at the end of WW2 they were all executed on arrival at the dockside .

Us Brits are none better with what was called the Irish potato famine the food was taken by force and the population halved very quickly ditto with the Highland clearance where the people were forced to build dyke walls a mile long for a few pennies starve or move or get burned to death in your home if you refused.

People are terrified of a mithical creature called the devil , something tells me he hides away scared of humans and what we are capable of

a reply to: randomuser

How history repeats itself the news item getting rolled out about the massacre in Borodianka is exactly where the Holomodor started in 1932 and where Germany and Russia first went at it inWW2

The more things change the more they stay the same

originally posted by: stonerwilliam
a reply to: randomuser

How history repeats itself the news item getting rolled out about the massacre in Borodianka is exactly where the Holomodor started in 1932 and where Germany and Russia first went at it inWW2

The more things change the more they stay the same

Wow. What a horrible place to have been born the past hundred years or so, at least. Indeed, there is nothing new under the sun. Thankfully, all this mess is soon going to come to an abrupt end.

a reply to: RussianTroll

Back to 4 Color options for sweaters, two boot options and food essentials.