This policy embodies the US-led West’s concept of the so-called “rules-based order” wherein double standards are arbitrarily applied in order to advance the West’s interests. On the one hand, these countries claim to support free trade, while on the other, they’re threatening to sanction those who continue to purchase Russian oil at the market price.
Good summary. How clever of the UK to damage one of its most valuable business sectors - insurance. This should encourage the competition no end. Insurance after all is not complicated and has been around since at least the 17th century. The price cap should do pretty alarming things to the derivatives market as well. More problems for London and New York.
HOWEVER anybody who has been paying attention should realise that there is no military stalemate in Ukraine as will be pretty obvious quite soon. Apart from anything else it is a great deal easier for Russia to fight the West in East Ukraine and anyway their first priority is to free Donbass from the Kievan hordes and their murderous attacks on civilians now using Western artillery and munitions. Rather like NATO Serbia and Kosovo.
President #Putin on the EU's introduction of a ceiling on oil prices for Russian energy carriers: "We will not supply anything outside the framework of the contract. We will not do anything imposed by others."
Good summary. How clever of the UK to damage one of its most valuable business sectors - insurance. This should encourage the competition no end. Insurance after all is not complicated and has been around since at least the 17th century. The price cap should do pretty alarming things to the derivatives market as well. More problems for London and New York.
HOWEVER anybody who has been paying attention should realise that there is no military stalemate in Ukraine as will be pretty obvious quite soon. Apart from anything else it is a great deal easier for Russia to fight the West in East Ukraine and anyway their first priority is to free Donbass from the Kievan hordes and their murderous attacks on civilians now using Western artillery and munitions. Rather like NATO Serbia and Kosovo.
It's so funny that despite allocating $858 billion to military, the US still has trouble manufacturing arms fast enough.
President #Putin on the EU's introduction of a ceiling on oil prices for Russian energy carriers: "We will not supply anything outside the framework of the contract. We will not do anything imposed by others."
Would it destroy Russia's economy if it decided to stop all exports to the EU on December 6? That seems like an opportune time to respond.