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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (53675)	3/6/2022 10:20:29 AM
From: kidl	Read Replies (1) \| Respond to of 97412

Blinken says US is working with European allies to look at “prospect” of banning Russian oil imports From CNN's Devan Cole Secretary of State Antony Blinken said Sunday that the US is working with its allies in Europe to look into the possibility of banning Russian oil imports in an effort to further punish the country for its unprovoked invasion of Ukraine. “When it comes to oil, Russian oil, I was on the phone yesterday with the President and other members of the Cabinet on exactly the subject, and we are now talking to our European partners and allies to look in a coordinated way at the prospect of banning the import of Russian oil while making sure that there is still an appropriate supply of oil in world markets,” he told CNN’s Jake Tapper on “State of the Union.” “That's a very active discussion as we speak,” Blinken added. The US has already announced a slew of sanctions against Russia and President Vladimir Putin since the country's unprovoked invasion of Ukraine last month. But the unprecedented step of sanctioning its oil exports would likely send prices skyrocketing, dealing a painful blow to consumers around the world as Russia is the world's No. 2 oil producer. Though the US consumes very little Russian oil -- oil imports from Russia stood at just 90,000 barrels per day in December -- the interconnected global market means supply shocks in one part of the world can impact prices everywhere.

To: Alex MG who wrote (53675)	3/6/2022 2:19:29 PM
From: John Koligman	4 Recommendations Recommended By ajtj99 kidl Lou Weed towerdog Read Replies (1) \| Respond to of 97412

As others here have posted, hopefully that will come to pass as Blinken said today. On a related note I found these paragraphs germain as to how exposed Russia is to sanctions. Turns out they don't even own most of their passenger fleet, and won't be getting spare parts.... This is from a piece by Tom Friedman in the NY TImes today. Roughly two-thirds of Russia’s commercial airliners were made by Boeing (334 jets) or Airbus (304), Reuters reported. A significant portion of those are owned by Irish leasing companies. The Dublin-based AerCap, the world’s biggest airplane-leasing company, owns “152 aircraft across Russia and Ukraine valued at almost $2.4 billion,” The Irish Times reported. In addition, the Dublin-based companies SMBC Aviation Capital and Avolon own 48 aircraft between them that are leased to Russian airlines. E.U. sanctions require those companies to repossess all those planes on lease to Russian airlines by the end of March. And Boeing and Airbus announced that they will no longer service or provide spare parts for any of these planes. On Saturday, Russia’s state airline, Aeroflot, said that it would suspend all international flights because of “additional circumstances that prevent the performance of flights.” Domestic flights are sure to follow. Russia spans 11 time zones. If this persists, the grip of the Russian central government over the Russian landmass could begin to loosen. In the Russian Far East there are a lot of cities closer to Beijing than Moscow. Just saying …