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Germany boycotting Russian Oil and Gas is a necessary step toward an EU-wide boycott of Russian oil, gas, coal, and electricity. German minister Annalena Baerbock announced “Germany is also phasing out ALL imports of Russian energy” as part of expanded Russian sanctions. Germany Boycotting Russian Oil and Gas is a Big Step for Germany which…
Russian oligarch assets exposed online in an online database compiled by the ICIJ: The International Consortium of Investigative Journalists (ICIJ) released the company names and other data revealing how over 800 Russian nationals created offshore havens for their assets in offshore companies, trusts, and foundations in over 200 different countries. Russian Oligarch Assets Exposed This…
What the Ukraine War Cost Russia is everything that Putin has been building up over the past 22 years, apparently with the primary goal of getting control over the Eastern Ukraine. Russian Economy Will Go Into Recession The cost of the war and the impact of the resulting boycott and economic sanctions against Russia will…
Russian stores empty shelves have the Russian people starting to feel the pain of sanctions, and those goods that are available are now much more expensive. There are many causes of this, but all are related to the Russian war against Ukraine and the resulting sanctions against Russia: Russia has been shut out of the…
Germany Cutting Russian Energy Imports of Oil, Natural Gas, and Coal – As part of sanctions against Russia, German Vice Chancellor Robert Habeck revealed that imports of fuel from Russia are being cut at an accelerated rate: Germany Cutting Russian Energy Imports will be a major financial and political setback for Russia Coal imports from…
Companies withdraw from Russia in reaction to Russia’s war with Ukraine Many companies have stopped doing business with Russia, inside Russia, or both: Some companies have actually closed down their stores or other operations within Russia Some companies have stopped exporting goods to or purchasing products from Russia Other companies that process financial transactions or…
Oil sanctions against Russia will be difficult to attain since Russia is among the leading 3 oil producers, in addition to USA and Saudi Arabia, and replacing the oil currently provided by Russia will be impossible in the short term and will require challenging choices in the long term. An immediate world boycott of Russian…
Key Russian banks were kicked out of the SWIFT international payments network today as part of an escalation of sanctions against Russia, in retaliation for the Russian invasion of Ukraine. This is not a total lockout of every Russian bank from SWIFT, which is the next logical step in this series of sanctions against Russia….