Morning update:
Kharkiv | The Russians Have Approached The First Line Of Defense
So the first line of defense was the border. LOL on the propaganda video.
Morning update:
Kharkiv | The Russians Have Approached The First Line Of Defense
BREAKING NEWS: Although not completely confirmed yet, reports of 125 Ukrainian border guards have surrendered "en masse" on the Kharkov border refusing to fire a single shot at the advancing Russian army.
Gazprom is in a difficult position. It lost revenue from Europe. It will be opening the new Siberian pipeline to China- so - on paper- it will look like Russia is exporting even more gas than before the war- but the Chinese demand deep, deep discounts on the gas price - so Gazprom ends out doing more for less. That is the same situation with oil. On paper, it looks like the Russians are shipping more oil than before the war, but the Chinese and Indians have demanded deep, deep discounts and long-term contracts.
Gazprom is now losing money. The problem-among many others- is that they are still paying a very large dividend to shareholders- even though they should not be paying any dividend- they are broke. But the Russian Federation is the primary shareholder in Gazprom and Vlad needs the dividend payments to fund his war and because other parts of his economy have collapsed. The bottom line: Vlad will bleed them dry by forcing them to keep paying high dividends and high mining taxes even though they do not have the money. And Gazprom desperately needs to be making very substantial investments in infrastructure to replace their old crap. Except they are now forced to cut back on capital improvements instead.
Not good. We can see where this will end. Gazprom will start to collapse and Putin is too broke to help- he is part of the problem not part of the solution. So, surprise, surprise, China will invest in them..........and they will, in return, demand even deeper discounts on gas.
This is what "Russian World" looks like these days.
Russian economy doing great actually. Up 2% and doing better than more countries including, the US and Europe. What the tens of thousands of sanctions accomplished is push Russia and China closer and now, they have good trade volumes with each other. Net result is positive for both Russia and China. You would think with all the sanctions, how many is it now? Like 18,000 sanctions would have brought Russia to its knees? Russia is thriving and Europe still buying Russian oil and natural gas although, they like to pretend they are destroying Russia's economy. The trick is they buy Russian oil and natural gas thru India and China and the middle man that India and China gets to charge them full market prices for that oil and natural gas. It still winds up in Russia's pockets either way. Oil prices are going up and Russia and OPEC has cut its oil production to ensure prices goes up. US and Europe are the only losers as the move to ditch the US dollar hurts the US and Europe. The move to remove US dollar as the reserve currency is becoming a reality.