Economic Impact of Ukrainian Invasion

[Toro]

Nordstream 2 files for bankruptcy

 

[JohnDB]

Russia's Sberbank collapses 95% on London stock exchange as it exits Europe

Shares of Russia's Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny after the bank announced that it was pulling out of the European market.

www.cnbc.com

 

[Gabe Lackmann]

Germany: Energy prices drive up inflation in February – DW – 03/01/2022

Consumer prices rose by over 5% in February, according to new data. With Russia's invasion of Ukraine spiking widespread uncertainty — especially over energy prices — high inflation could be here to stay, experts warned.

www.dw.com

Germany, EU remain heavily dependent on imported fossil fuels

This factsheet provides an overview of German and EU oil, gas and coal imports and consumption, as well as main suppliers.

www.cleanenergywire.org

Genius.

 

[ZZ PUPPS]

Long term, it will hurt the West more than the Russians.

 

[JohnDB]

Long term, it will hurt the West more than the Russians.

I seriously doubt it.

Russia has far more to lose...and is currently seeing Bank Collapse, shipping collapse, and all friendly nations turn their back on them.

They will be forced to issue a new Ruble before it's over.

That will mean 3 new currencies in 20 years for them.

 

[Toro]

 

[Toro]

Long term, it will hurt the West more than the Russians.

Russia needs the West a lot more than Russia. Russia’s kleptocratic economy is the size of Italy. The West accounts for half of global GDP. The West could strangle Russia in about a month if we wanted.

 

[ZZ PUPPS]

Russia needs the West a lot more than Russia. Russia’s kleptocratic economy is the size of Italy. The West accounts for half of global GDP. The West could strangle Russia in about a month if we wanted.

It's not Russia that is important. It's the resultant economic fallout. Crush Russia and it's energy output and you send your own economy into a severe recession if not depression. Russians aren't aren't the only ones hit when a Russian enterprise goes belly up - western capital is lost as well (Shell, BP, Exxon). Take Russia's oil and gas output off the market suddenly and ...

 

[Toro]

It's not Russia that is important. It's the resultant economic fallout. Crush Russia and it's energy output and you send your own economy into a severe recession if not depression. Russians aren't aren't the only ones hit when a Russian enterprise goes belly up - western capital is lost as well (Shell, BP, Exxon). Take Russia's oil and gas output off the market suddenly and ...

Payments for energy have not been sanctioned

But even if they were, Russia relies far more on the West than vice-versa.

I think oil is going to $200-$300. That might push us into a mild recession, but not much more. Our economy simply isn’t energy intensive. Cutting off all hard currency payments would collapse their economy.

 

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Ha!

 

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food prices are going up

 

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