Putin is retreating from the cities. The US dollar remains the most secure investment in the world. The desperate Putin propaganda is free, so it continues to flow.
Is that "all" you picked up from my post? It seems I was spot on about your IQ. It's not just that you're just ignorant, you're also shortsighted and can't see bigger picture. Scratch that, you can't see ANY picture but one served to you by MSM's talking heads.
Maybe he's retreating, maybe he's not, it's not my problem. You may celebrate it as some kind of victory, which for Ukraine, as expected, would be, but what I see is that the US and especially EU already lost.
Let me remind you, under imposed sanctions, the US and EU froze Russian assets in the West. Under impression that "we're doing something to hurt Putin", our left and MSM celebrated peer victory. Putin reacted with freezing western assets in Russia. Can you guess who lost more with that? Correct, we fucked our own asses with that. Those the same sanctions pushed Russians to request payments in rubles. It doesn't effect us, but it effects EU, and they have no choice but to comply. Only thing is, with Russia being kicked out of SWIFT, they can't buy ruble with Euro, they have to pay it with gold, which they don't really have much in reserves. If they don't pay, Putin is closing gas pipes. Where that leads to?
In case of contract terms breach case will go to arbitrage court where Russians will lose hard. Their assets are already frozen in the West so they can execute all penalties from that capital. Spring starts soon and with heating draw for resources gone only industry will use gas. Lower demand can be covered by existing pipelines with 3rd parties and LNG terminals on seas. Europe still has coal power plants that were working below full capacity due to green certificates policies. In worst case scenario Europe will have to shift policies from green energy to more coal based power and pay double or triple price for the energy, at least until next winter hits. Of course, Russia will be hurt, but they have no shortage of energy, and they already getting customers for their oil and gas. Crude today is around $100, and India is negotiating long term contract at discounted price, which will probably be 20% or more lower. So please tell me, how did we hurt him?
You were cheering that ruble dropped, but ruble came back. You stopped cheering for ruble, started cheering on their high interest rates. Guess what, their interest rates are adjusted as needed, just as we adjust ours, and will eventually drop. But, but... Biden said. But, but... expert said... But, but... fact checkers said... You guys are so shallow and funny.
Now look at this, few excerpts.
Christian Kullmann, head of the German Chemical Industry Association VCI and CEO of Evonik, specialty chemical producer warned: "disruption would have a "huge domino effect through almost all industries."
Soaring gas prices are hitting other energy-intensive industries, with paper makers Norske Skog ASA and Pro-Gest SpA halting mills in Austria and Italy this week.
Steelmakers including Acerinox SA suspended operations at several facilities across Spain after energy prices more than doubled in the past two weeks.
Liberty Steel’s mill at Rotherham in the UK has been forced to stop production due to soaring power costs.
Hungarian fertilizer producer Nitrogenmuvex is also temporarily halting production, while Borealis AG is curbing output.