The impact of Russian and Ukrain war on world economy

[slapper]

Russian terrorism, as expected, has done what is known as "shooting itself in the foot" ....

Russia's grain export problems began after the Ukrainian attack on Novorossiysk.
Russian grain exporters are facing increasing difficulties in exporting their products to world markets amid an escalating situation in the Black Sea, where the Russian military attacked Ukrainian ports on the Danube and the AFU responded with an attack on Novorossiysk.
Grain traders, ocean carriers and insurers are increasingly wary of dealing with Russian counterparties and have sharply increased freight rates for them, as well as insurance fees, Reuters reported, citing sources in shipping and trading companies.

Insurance for grain carriers bound for Novorossiysk and Taman, which account for 70% of Russia's grain exports, costs tens of thousands of dollars more per day than for similar ships bound for Romania or Bulgaria, the agency's sources said.
And before the Kremlin pulled out of the grain deal, such insurance required paying a "risk premium" of about $10,000 a day. But after the Ukrainian strikes, the stakes have risen even higher, Reuters sources said.
The escalation in the Black Sea will hit Russian exports as shipping companies are already wary of sending their ships to Russian ports, especially newer, larger vessels, according to two of the agency's interlocutors.

After pulling out of the grain deal, Russia said it would consider any merchant ships entering Ukraine a legitimate military target. Kiev responded with a similar warning and launched maritime drone strikes against ships near Novorossiysk.
On the night of August 4, the large military landing ship Olenegorsk Miner was damaged, the fourth BDC to come under Ukrainian attack since the start of the war. On the night of August 5, a kamikaze drone attacked the tanker Sig near Kerch.

This further increases the risks for shipowners, at least three of whom have already stopped carrying Russian grain, while others must constantly calculate the risks of sanctions. This is not easy, given that the ownership structure of ports in Russia is opaque and many fear that their ultimate owners could be sub-sanctioned individuals, said Mike Salthouse, head of external affairs at insurer North Standard.

Even refueling at a Russian port could turn out to be a sanctions violation, another senior industry executive said. "What kind of normal trade are we talking about?" - He lamented.
Last year, Russia exported a record 60 million tons of grain with the help of major Western traders Cargill, Louis Dreyfus and Viterra. But all of them announced their withdrawal from the Russian market on July 1.
https://www.moscowtimes.ru/2023/08/08/u-rossii-nachalis-problemi-s-eksportom-zerna-posle-udarov-ukraini-po-novorossiisku-a51405

The increases in insurance costs and freight rates seem, to a degree, a natural response, or maybe an unnatural one, to the ongoing tension, though how exactly the tension translates to these costs is something a bit elusive. And yes, three shipowners have stopped carrying Russian grain, but are there more? Could be, or maybe not...

There seems to be a broader picture here that is not fully captured or maybe partially captured. The opaque ownership structure, sanctions, and global politics all seem to intertwine, or not intertwine, or only slightly intertwine, in ways that are not completely clear. But the situation is indeed something to keep an eye on, or perhaps two eyes, or maybe just glance occasionally...

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[DrBeer]

The increases in insurance costs and freight rates seem, to a degree, a natural response, or maybe an unnatural one, to the ongoing tension, though how exactly the tension translates to these costs is something a bit elusive. And yes, three shipowners have stopped carrying Russian grain, but are there more? Could be, or maybe not...

There seems to be a broader picture here that is not fully captured or maybe partially captured. The opaque ownership structure, sanctions, and global politics all seem to intertwine, or not intertwine, or only slightly intertwine, in ways that are not completely clear. But the situation is indeed something to keep an eye on, or perhaps two eyes, or maybe just glance occasionally...

But the reasons for this are banal and transparent - after the terrorist country withdrew from the grain deal (about the reasons below separately), they decided to "raise the degree" again, and came up with a new topic - now all ships going to Ukrainian ports, ANY SHIPS, in the water area Black Sea, Russia considers "transporting weapons, which means legitimate purposes." That is another classic terror.
It seems that everything should work out, and the world would again start looking for a solution, something like accepting the conditions of a terrorist country. The decision came unexpectedly. A day later, Ukraine officially announced that they were making a symmetrical decision - and all Russian ships in the Black and Azov Seas are now absolutely legitimate targets, and will be destroyed. And a day later they showed exactly how
And now, Russia is in a situation where she got what she decided to threaten. But Ukraine's actions have proved even more difficult for Russia - in addition to the fact that Russia is now unable to export grain, which is one of the key mechanisms for obtaining currency, most of the tankers unofficially transporting oil have stopped and become targets.
The goal of Russia, in withdrawing from the grain deal, is to increase dependence on Russian grain and thereby greatly increase its price, having previously destroyed the structure for grain trading in Ukraine. You remember that the next day, Russia launched another terrorist attack on the southern regions of Ukraine, trying (partially succeeded) to completely destroy granaries, port infrastructure for loading grain, logistics routes for delivering grain to loading ports


Those. there are no problems with freight and insurance, everything is simpler here - Russia is simply afraid to do this, because. the risk of destruction of the Russian Black Sea Fleet is very high!

[coupable]

I mean, if the BRICS countries find a formula to completely get rid of the dollar (not currently possible), this will have a direct impact on the United States, whether in its financial or economic policies.

Definitely but the point is that BRICS is going to create an alternative to dollar that doesn't have the same problems so it doesn't have to get rid of the dollar. But since BRICS currency won't be used as a weapon like the dollar, next time US wants to steal some countries' billions of dollars, they will immediately switch to the alternative or the countries think ahead and diversify first so that US doesn't have as much money to steal.
It is also the next step in solidifying the New World Order, a multipolar world.

The only difference is that rather than allowing the American treasury department to print unlimited amount of banknotes, the BRICS nations would be doing that by themselves. The member nations of BRICS (India, Brazil, Russia, China and South Africa) do have their own currencies and in case of some of these nations, the currencies are looking very weak. We don't know exactly what will be the weightage assigned to each of these national currencies. Also, dozens of nations have applied to join the BRICS bloc. Will their national currencies be added to the mix?

It is not yet clear who will be responsible for issuing that unified BRICS currency and what will be the fate of their local currencies. At the same time, some notes can be taken into account:
- There will necessarily be a disagreement about who will mint the new currency and what its characteristics will be. There is a possibility that the "New Development Bank" run by the Brix countries will be the one that will undertake the process of issuing the currency.
- If there is insistence on issuing a unified currency, this means that no agreement has been signed to adopt any of the local currencies of the member countries. Knowing that some currencies have a good global standing, I expect that such a choice has been avoided to avoid the rise of a country's currency at the expense of other currencies of member countries.
- The local currencies of the member countries will be affected by the adoption of a new currency for foreign trade exchanges. Therefore, it is not excluded that the new currency will be adopted as an official currency within the BRICS countries.

[serveria.com]

Russian terrorism, as expected, has done what is known as "shooting itself in the foot" ....

Russia's grain export problems began after the Ukrainian attack on Novorossiysk.
Russian grain exporters are facing increasing difficulties in exporting their products to world markets amid an escalating situation in the Black Sea, where the Russian military attacked Ukrainian ports on the Danube and the AFU responded with an attack on Novorossiysk.
Grain traders, ocean carriers and insurers are increasingly wary of dealing with Russian counterparties and have sharply increased freight rates for them, as well as insurance fees, Reuters reported, citing sources in shipping and trading companies.

Insurance for grain carriers bound for Novorossiysk and Taman, which account for 70% of Russia's grain exports, costs tens of thousands of dollars more per day than for similar ships bound for Romania or Bulgaria, the agency's sources said.
And before the Kremlin pulled out of the grain deal, such insurance required paying a "risk premium" of about $10,000 a day. But after the Ukrainian strikes, the stakes have risen even higher, Reuters sources said.
The escalation in the Black Sea will hit Russian exports as shipping companies are already wary of sending their ships to Russian ports, especially newer, larger vessels, according to two of the agency's interlocutors.

After pulling out of the grain deal, Russia said it would consider any merchant ships entering Ukraine a legitimate military target. Kiev responded with a similar warning and launched maritime drone strikes against ships near Novorossiysk.
On the night of August 4, the large military landing ship Olenegorsk Miner was damaged, the fourth BDC to come under Ukrainian attack since the start of the war. On the night of August 5, a kamikaze drone attacked the tanker Sig near Kerch.

This further increases the risks for shipowners, at least three of whom have already stopped carrying Russian grain, while others must constantly calculate the risks of sanctions. This is not easy, given that the ownership structure of ports in Russia is opaque and many fear that their ultimate owners could be sub-sanctioned individuals, said Mike Salthouse, head of external affairs at insurer North Standard.

Even refueling at a Russian port could turn out to be a sanctions violation, another senior industry executive said. "What kind of normal trade are we talking about?" - He lamented.
Last year, Russia exported a record 60 million tons of grain with the help of major Western traders Cargill, Louis Dreyfus and Viterra. But all of them announced their withdrawal from the Russian market on July 1.
https://www.moscowtimes.ru/2023/08/08/u-rossii-nachalis-problemi-s-eksportom-zerna-posle-udarov-ukraini-po-novorossiisku-a51405

Russia has no issues with exporting grain. Can you point me to the statistics saying otherwise? Insurance going up doesn't mean exports shrink. It merely means the price of grain is going up. Which in turn means Russia earning more.

Will the grain siege and price increase mean millions in poor countries dying of hunger? Hardly, take a look at top countries buying Ukrainian grain: https://www.statista.com/statistics/1333847/ukrainian-agricultural-exports-via-the-black-sea-by-country/

As you can see top buyers are extremely poor countries with severely malnutritioned population facing inevitable famine. Global hunger is no joke. 

Btw, you should study your own source propaganda article closer:

International companies now have almost no cooperation with Russia, and "transportation is mainly carried out by Russian traders using ships that international companies will not even touch," a source told Reuters.

We are talking about old, scrapped bulk carriers, which are often more than 30 years old - they make up the "shadow fleet" for the export of Russian grain, similar to what Moscow has collected for oil trade in circumvention of sanctions.

In recent months, Russia has had to search for more ships on its own and rely more and more on the "shadow fleet" of grain carriers, which are operated by Turkish and Chinese companies, sources tell Reuters.

So in fact grain export is not going to stop, it's just the Western forwarders are taking the hit. It's not even a "double-sided sword" as you prefer saying it's a freaking suicide. 

[DrBeer]

Russia has no issues with exporting grain. Can you point me to the statistics saying otherwise? Insurance going up doesn't mean exports shrink. It merely means the price of grain is going up. Which in turn means Russia earning more.
Will the grain siege and price increase mean millions in poor countries dying of hunger? Hardly, take a look at top countries buying Ukrainian grain: https://www.statista.com/statistics/1333847/ukrainian-agricultural-exports-via-the-black-sea-by-country/
As you can see top buyers are extremely poor countries with severely malnutritioned population facing inevitable famine. Global hunger is no joke. 
Btw, you should study your own source propaganda article closer:

International companies now have almost no cooperation with Russia, and "transportation is mainly carried out by Russian traders using ships that international companies will not even touch," a source told Reuters.

We are talking about old, scrapped bulk carriers, which are often more than 30 years old - they make up the "shadow fleet" for the export of Russian grain, similar to what Moscow has collected for oil trade in circumvention of sanctions.

In recent months, Russia has had to search for more ships on its own and rely more and more on the "shadow fleet" of grain carriers, which are operated by Turkish and Chinese companies, sources tell Reuters.

So in fact grain export is not going to stop, it's just the Western forwarders are taking the hit. It's not even a "double-sided sword" as you prefer saying it's a freaking suicide. 

I agree - there were NO problems. Until Ukraine showed who really controls the situation in the Black Sea But now the terrorist country has problems with grain and oil delivery from its southern ports (Krasnodar region). Since Ukraine, officially, having responded symmetrically to the aggressor, considers ALL ships flying the Russian flag or going to Russian ports as weapons carriers. That means they can be destroyed within the framework of official and according to conventions.

Russia tried to spin a new scheme, similar to what it did with oil and gas - to monopolize grain supplies (we will destroy the Ukrainian channel of supplies to the world market), but.... expectedly shot itself in the knee. Ukraine supplies grain, and Russia, which recently squealed and sputtered how it will now destroy all ships going to Ukrainian ports - but, expectedly, except for hysterics - can do nothing.... A pacifier, a fake - what else is there to say about Russia?

PS There is no propaganda in Ukraine, you are confusing it with your usual environment, it happens, don't worry .

[serveria.com]

Until Ukraine showed who really controls the situation in the Black Sea But now the terrorist country has problems with grain and oil delivery from its southern ports (Krasnodar region). Since Ukraine, officially, having responded symmetrically to the aggressor, considers ALL ships flying the Russian flag or going to Russian ports as weapons carriers. That means they can be destroyed within the framework of official and according to conventions.

Russia tried to spin a new scheme, similar to what it did with oil and gas - to monopolize grain supplies (we will destroy the Ukrainian channel of supplies to the world market), but.... expectedly shot itself in the knee. Ukraine supplies grain, and Russia, which recently squealed and sputtered how it will now destroy all ships going to Ukrainian ports - but, expectedly, except for hysterics - can do nothing.... A pacifier, a fake - what else is there to say about Russia?

PS There is no propaganda in Ukraine, you are confusing it with your usual environment, it happens, don't worry .

OMG LMAO that was hilarious! I suggest you to start your own comedy show ASAP! You should be damn good as a stand-up comedian! 

Let's see what we have here:

Until Ukraine showed who really controls the situation in the Black Sea

Great joke, first time in history a country with NO NAVY is ruling the seas! 

having responded symmetrically to the aggressor

Symmetrically? Remind me which civilian vessel got hit last by the Russian navy? 

they can be destroyed within the framework of official and according to conventions

Framework of official? Whaaat? Conventions? What kind of conventions allow you to sink civilian vessels?

Russia, which recently squealed and sputtered how it will now destroy all ships going to Ukrainian ports - but, expectedly, except for hysterics - can do nothing

Well, I'm not aware of any vessel breaking out of the siege so far. Have you got such info? Please share then.

There is no propaganda in Ukraine

Haha nice way to expose your negative IQ to the public! Please do it more frequently! 

[Bako97]

economy/2022/6/8/russia-ukraine-war-threatens-long-lasting-impact-on-global-eco]World economy


I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.

This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.

The war has negative impact on Nigeria's wheat supply value chain because Russia is one of the country's primary source of wheat.
Since the start of the war, price of flour has gone high because they is cut in supply of durum wheat.
Though, the government are set to increase their local domestic wheat production, but even so; the action will take some time before it began to yield positive outcome.
My take in this is that, countries should focus on boosting their local domestic production, unless if such resource
/materials isn't present in the locale.

[DrBeer]

....

Oh, the "how wonderful it is to live without a brain" show continues 

To answer all your fantasies, let's start and end with a simple fact FACT!
With the squeals of a pathetic terrorist country : "we will destroy ALL ships GOING TO UKRAINIAN PORTS".

And the reality:
" Forbes: three foreign ships entered Ukrainian port after Russia's withdrawal from grain deal
10:52, August 1, 2023 Source: Forbes
Three cargo ships belonging to Greek, Israeli and Turkish-Georgian companies arrived at one of Ukraine's grain terminals at the Izmail port in the Danube Delta on July 30, Forbes reports. "Radio Liberty and Ukrainian publication Strana note that these are the first foreign vessels to arrive at Ukrainian ports after Russia's withdrawal from the grain deal.""

So? Who fulfilled their terms? And who "laid down" for the blockade and threats of the pathetic rabid underfuhrer ?


Sorry, but I won't waste much more time talking to an opponent with the intelligence of a stool, and a vital, acute desire to just throw shit on the fan to realize his complexes

[paxmao]

I mean, if the BRICS countries find a formula to completely get rid of the dollar (not currently possible), this will have a direct impact on the United States, whether in its financial or economic policies.

Definitely but the point is that BRICS is going to create an alternative to dollar that doesn't have the same problems so it doesn't have to get rid of the dollar. But since BRICS currency won't be used as a weapon like the dollar, next time US wants to steal some countries' billions of dollars, they will immediately switch to the alternative or the countries think ahead and diversify first so that US doesn't have as much money to steal.
It is also the next step in solidifying the New World Order, a multipolar world.

The only difference is that rather than allowing the American treasury department to print unlimited amount of banknotes, the BRICS nations would be doing that by themselves. The member nations of BRICS (India, Brazil, Russia, China and South Africa) do have their own currencies and in case of some of these nations, the currencies are looking very weak. We don't know exactly what will be the weightage assigned to each of these national currencies. Also, dozens of nations have applied to join the BRICS bloc. Will their national currencies be added to the mix?

Ok, and who would you trust more? Brazil practising some self-containment in money printing? India maybe?

In this forum of anywhere else, most people understand that money is about trusting. The US dollar despite all the failures and arrogance of the government, has been there for a couple of centuries doing wonderfully and it quite difficult to match that with any other fiat in the world. Perhaps the Swiss Franc, but it just does not have the markets built for it. Same for BRICS... you need very ample an liquid markets to make a fiat the dominant one.

[coupable]

I mean, if the BRICS countries find a formula to completely get rid of the dollar (not currently possible), this will have a direct impact on the United States, whether in its financial or economic policies.

Definitely but the point is that BRICS is going to create an alternative to dollar that doesn't have the same problems so it doesn't have to get rid of the dollar. But since BRICS currency won't be used as a weapon like the dollar, next time US wants to steal some countries' billions of dollars, they will immediately switch to the alternative or the countries think ahead and diversify first so that US doesn't have as much money to steal.
It is also the next step in solidifying the New World Order, a multipolar world.

The only difference is that rather than allowing the American treasury department to print unlimited amount of banknotes, the BRICS nations would be doing that by themselves. The member nations of BRICS (India, Brazil, Russia, China and South Africa) do have their own currencies and in case of some of these nations, the currencies are looking very weak. We don't know exactly what will be the weightage assigned to each of these national currencies. Also, dozens of nations have applied to join the BRICS bloc. Will their national currencies be added to the mix?

Ok, and who would you trust more? Brazil practising some self-containment in money printing? India maybe?

In this forum of anywhere else, most people understand that money is about trusting. The US dollar despite all the failures and arrogance of the government, has been there for a couple of centuries doing wonderfully and it quite difficult to match that with any other fiat in the world. Perhaps the Swiss Franc, but it just does not have the markets built for it. Same for BRICS... you need very ample an liquid markets to make a fiat the dominant one.

This will certainly not be an easy task, as evidenced by the fact that the most powerful global currencies have failed to be an alternative to the dollar, despite all the crises it has gone through. The goal of getting rid of the dollar's power was the reason for the European countries' agreement to issue a unified currency that all members of the union would adopt. More than half a century has passed since the issuance of the relatively new currency, and it is still unable to win the confidence of countries to use it as a stable alternative to the dollar.
The other point is that the United States will not stand idly by if it finds that the position of the dollar in the global economy can be shaken because of the new BRICS currency (if it is launched) and it has various means of pressure on the global economy to continue imposing the dominance of the dollar on it.

[Sithara007]

Ok, and who would you trust more? Brazil practising some self-containment in money printing? India maybe?

In this forum of anywhere else, most people understand that money is about trusting. The US dollar despite all the failures and arrogance of the government, has been there for a couple of centuries doing wonderfully and it quite difficult to match that with any other fiat in the world. Perhaps the Swiss Franc, but it just does not have the markets built for it. Same for BRICS... you need very ample an liquid markets to make a fiat the dominant one.

Well.. at this point there is no doubt that US Dollar is more trustworthy than any of the other fiat currencies (including the JPY, GBP, CNY and EUR). CHF is a great option, but it doesn't have that much acceptability and the Swiss government is against the idea of using the currency for global trade. Almost all of the BRICS currencies have gone down heavily against the USD during the last few years, and there is not a single one among them that I would consider as a "strong" currency. Even in my country, the INR has lost around 20% of its value against USD during the last 5 years.

[serveria.com]

....

Oh, the "how wonderful it is to live without a brain" show continues 

To answer all your fantasies, let's start and end with a simple fact FACT!
With the squeals of a pathetic terrorist country : "we will destroy ALL ships GOING TO UKRAINIAN PORTS".

And the reality:
" Forbes: three foreign ships entered Ukrainian port after Russia's withdrawal from grain deal
10:52, August 1, 2023 Source: Forbes
Three cargo ships belonging to Greek, Israeli and Turkish-Georgian companies arrived at one of Ukraine's grain terminals at the Izmail port in the Danube Delta on July 30, Forbes reports. "Radio Liberty and Ukrainian publication Strana note that these are the first foreign vessels to arrive at Ukrainian ports after Russia's withdrawal from the grain deal.""

So? Who fulfilled their terms? And who "laid down" for the blockade and threats of the pathetic rabid underfuhrer ?


Sorry, but I won't waste much more time talking to an opponent with the intelligence of a stool, and a vital, acute desire to just throw shit on the fan to realize his complexes

Russia never threatened to destroy any vessels going TO Ukraine. What they said is that they will prevent the vessels from leaving the area trying to transport grain. But what can we expect from a retarded Ukrainian propagandist liar? 

[coupable]

Ok, and who would you trust more? Brazil practising some self-containment in money printing? India maybe?

In this forum of anywhere else, most people understand that money is about trusting. The US dollar despite all the failures and arrogance of the government, has been there for a couple of centuries doing wonderfully and it quite difficult to match that with any other fiat in the world. Perhaps the Swiss Franc, but it just does not have the markets built for it. Same for BRICS... you need very ample an liquid markets to make a fiat the dominant one.

Well.. at this point there is no doubt that US Dollar is more trustworthy than any of the other fiat currencies (including the JPY, GBP, CNY and EUR). CHF is a great option, but it doesn't have that much acceptability and the Swiss government is against the idea of using the currency for global trade. Almost all of the BRICS currencies have gone down heavily against the USD during the last few years, and there is not a single one among them that I would consider as a "strong" currency. Even in my country, the INR has lost around 20% of its value against USD during the last 5 years.

One of the most important strengths of the dollar is the amount of liquidity available to cover the entire needs of the planet to complete commercial and financial transactions. This element makes it almost impossible for any currency today to be able to replace it.
Logically, the only solution to get rid of the dollar (if all the countries of the world agree on that) is to diversify the currencies used, whether in international trade or for the monetary reserves of countries. And this is actually what some entities began to do despite the deteriorating state of their currencies due to inflation resulting from the economic recession.
If the BRICS countries succeed in issuing a unified currency for all trade exchanges among themselves, this will be a giant leap in the way of getting rid of the influence of the dollar on world trade, since trade exchanges between the BRICS countries represent more than 40 percent of global exchanges. But this is difficult to happen soon because of the impact of this on the local currencies of those countries and the economic change that it will cause that can never be expected, in addition to the huge volume of dollar reserves that those countries have, including China, which represents the largest owner of US bonds, which are of course in dollars.

[Sithara007]

^^^ China is increasingly getting uneasy about having US treasury bonds in its forex reserves. They have seen what happened to Russia. Americans can just freeze these bonds and make them worthless as per their whims and fancies. Anyway this is expected, since US Dollar is their national currency. But the problem for China is that at this point they don't have a suitable alternative, given that a majority of their trade is with the United States. In case of a potential Sino-Taiwan war, trillions of USD worth of bonds currently held by China will be made worthless by the Americans.

[DrBeer]

^^^ China is increasingly getting uneasy about having US treasury bonds in its forex reserves. They have seen what happened to Russia. Americans can just freeze these bonds and make them worthless as per their whims and fancies. Anyway this is expected, since US Dollar is their national currency. But the problem for China is that at this point they don't have a suitable alternative, given that a majority of their trade is with the United States. In case of a potential Sino-Taiwan war, trillions of USD worth of bonds currently held by China will be made worthless by the Americans.

As always I have to pull you back a bit and show that once again you manipulate information and even lie, and deliberately Well, or you just don't have any information at all and are trying to fantasize

1. Does "great Russia with a stable economy" invest in the "decaying west" and its stronghold "USA, which has only debts and the dollar is worthless" ? Let's open this mystery, thank you. Yes, Russia is very happy to invest in US treasury bonds, because for them they get "no one needs the dollar". without which the Russian economy would collapse like a house of cards... Yes, that's the reality.
2. Russian assets have been sanctioned and blocked. It's true. But there is a nuance. You don't know the reality or just primitively, lying again ?

"The U.S., along with allies, has blocked or seized more than $58 billion in assets owned or controlled by Russian citizens. This applies to Russians who have fallen under sanctions. This is reported on the website of the U.S. Treasury Department" - and where is it about U.S. government obligations ? Only sanctioned legal entities and individuals ... Could you try to explain your lies/ignorance ?

https://home.treasury.gov/news/press-releases/jy0839

Yes, Central Bank assets have also been blocked. But they are not stolen, as for example Russia steals - territories, people, grain, toilets.  They are blocked to compensate losses to Ukraine. I.e. for crimes ! What should China be afraid of?  

I will clarify - US treasury bonds are not currency (and other liquid assets) assets that have been frozen. By the way, one more question - did the USA just like that, at one moment, take something for no reason and freeze Russian assets ?

[Hispo]

^^^ China is increasingly getting uneasy about having US treasury bonds in its forex reserves. They have seen what happened to Russia. Americans can just freeze these bonds and make them worthless as per their whims and fancies. Anyway this is expected, since US Dollar is their national currency. But the problem for China is that at this point they don't have a suitable alternative, given that a majority of their trade is with the United States. In case of a potential Sino-Taiwan war, trillions of USD worth of bonds currently held by China will be made worthless by the Americans.

Last time I checked they had been slowly reducing their holdings, they are well aware of the situation which could happen to their money.  Though, they also find those interest rates to be appealing.

Even if China tried to take over Taiwan, it is unlikely the US government will go and freeze those bonds as a first measure. Even if they did not have to pay China their money, it would look the USD as a currency and bonds which cannot be held in the long term if ones country or organization is against the internet of Washington. They may scare their lenders away.

In the end, both China and USA benefit from their commercial volume, China lives off the manufacture and industrialization to supply the west with products and USA gets affordable prices of goods.

[serveria.com]

^^^ China is increasingly getting uneasy about having US treasury bonds in its forex reserves. They have seen what happened to Russia. Americans can just freeze these bonds and make them worthless as per their whims and fancies. Anyway this is expected, since US Dollar is their national currency. But the problem for China is that at this point they don't have a suitable alternative, given that a majority of their trade is with the United States. In case of a potential Sino-Taiwan war, trillions of USD worth of bonds currently held by China will be made worthless by the Americans.

As always I have to pull you back a bit and show that once again you manipulate information and even lie, and deliberately Well, or you just don't have any information at all and are trying to fantasize

1. Does "great Russia with a stable economy" invest in the "decaying west" and its stronghold "USA, which has only debts and the dollar is worthless" ? Let's open this mystery, thank you. Yes, Russia is very happy to invest in US treasury bonds, because for them they get "no one needs the dollar". without which the Russian economy would collapse like a house of cards... Yes, that's the reality.
2. Russian assets have been sanctioned and blocked. It's true. But there is a nuance. You don't know the reality or just primitively, lying again ?

"The U.S., along with allies, has blocked or seized more than $58 billion in assets owned or controlled by Russian citizens. This applies to Russians who have fallen under sanctions. This is reported on the website of the U.S. Treasury Department" - and where is it about U.S. government obligations ? Only sanctioned legal entities and individuals ... Could you try to explain your lies/ignorance ?

https://home.treasury.gov/news/press-releases/jy0839

Yes, Central Bank assets have also been blocked. But they are not stolen, as for example Russia steals - territories, people, grain, toilets.  They are blocked to compensate losses to Ukraine. I.e. for crimes ! What should China be afraid of?  

I will clarify - US treasury bonds are not currency (and other liquid assets) assets that have been frozen. By the way, one more question - did the USA just like that, at one moment, take something for no reason and freeze Russian assets ?

Well, you should pull that Uncle Sam's d*ck out of your mouth, it's getting too obvious...  

Very common for such liars and trolls like yourself to call others liars. That's a very well-known technique.

What he said is 100% true. The US can freeze any assets they like without really explaining why. That's the most alarming fact. The very definition of crime can be adjusted up to their needs. Refusing to cooperate? Terrorist! Against the sanctions? Criminal! They are illegally using their currency for punitive purpose. Many countries like Turkey, Serbia and not saying openly but definitely giving some hints that there's huge pressure atm from US in order to escalate the pressure on Russia.

The US in turn, can wage war on any country without worrying about consequences. Serbia, Lybia, Syria, Iraq etc etc.. Btw, please remind me, did they find any nukes in Iraq after completely destroying the country?    

[DrBeer]

^^^ China is increasingly getting uneasy about having US treasury bonds in its forex reserves. They have seen what happened to Russia. Americans can just freeze these bonds and make them worthless as per their whims and fancies. Anyway this is expected, since US Dollar is their national currency. But the problem for China is that at this point they don't have a suitable alternative, given that a majority of their trade is with the United States. In case of a potential Sino-Taiwan war, trillions of USD worth of bonds currently held by China will be made worthless by the Americans.

As always I have to pull you back a bit and show that once again you manipulate information and even lie, and deliberately Well, or you just don't have any information at all and are trying to fantasize

1. Does "great Russia with a stable economy" invest in the "decaying west" and its stronghold "USA, which has only debts and the dollar is worthless" ? Let's open this mystery, thank you. Yes, Russia is very happy to invest in US treasury bonds, because for them they get "no one needs the dollar". without which the Russian economy would collapse like a house of cards... Yes, that's the reality.
2. Russian assets have been sanctioned and blocked. It's true. But there is a nuance. You don't know the reality or just primitively, lying again ?

"The U.S., along with allies, has blocked or seized more than $58 billion in assets owned or controlled by Russian citizens. This applies to Russians who have fallen under sanctions. This is reported on the website of the U.S. Treasury Department" - and where is it about U.S. government obligations ? Only sanctioned legal entities and individuals ... Could you try to explain your lies/ignorance ?

https://home.treasury.gov/news/press-releases/jy0839

Yes, Central Bank assets have also been blocked. But they are not stolen, as for example Russia steals - territories, people, grain, toilets.  They are blocked to compensate losses to Ukraine. I.e. for crimes ! What should China be afraid of?  

I will clarify - US treasury bonds are not currency (and other liquid assets) assets that have been frozen. By the way, one more question - did the USA just like that, at one moment, take something for no reason and freeze Russian assets ?

Well, you should pull that Uncle Sam's d*ck out of your mouth, it's getting too obvious...  

Very common for such liars and trolls like yourself to call others liars. That's a very well-known technique.

What he said is 100% true. The US can freeze any assets they like without really explaining why. That's the most alarming fact. The very definition of crime can be adjusted up to their needs. Refusing to cooperate? Terrorist! Against the sanctions? Criminal! They are illegally using their currency for punitive purpose. Many countries like Turkey, Serbia and not saying openly but definitely giving some hints that there's huge pressure atm from US in order to escalate the pressure on Russia.

The US in turn, can wage war on any country without worrying about consequences. Serbia, Lybia, Syria, Iraq etc etc.. Btw, please remind me, did they find any nukes in Iraq after completely destroying the country?    

An excellent example of a classic Russian is an aggressive, stupid, infantile, latent, homosexually oriented fake and / or insult. But, this is not a forum topic, this is a problem of psychiatry and sexual priorities of supporters of one criminal regime ....

Digression: For information - any supporter of the Kremlin authorities, when he has no arguments, and he understands that he looks like an idiot, he begins to throw out his deep fantasies based on homosexual themes, "applying" them to his opponent. This is a classic manifestation of latent homosexuality, you can check with practicing psychiatrists This is not a joke, it's a fact!  

And now let's get back to your painful fantasy, which is trying to explain the reasons for the appearance of wind, through the color of the marker in the store

"They saw what happened to Russia. The Americans can just freeze these bonds and devalue them according to their whims and fantasies." Explain - what does the blocking of the assets of international criminals, their accomplices and their business have to do with "freezing and depreciation according to their whims and fantasies" in relation to US government bonds?
Come on, launch a new series of the mega-humorous show "serveria.com is dumb on made-up topics"  


PS "Btw, please remind me, did they find any nukes in Iraq after completely destroying the country?" is the best proof of your mental inferiority  
The reasons for the invasion of Iraq, of course, were far-fetched, but the reason was ... Can you prove that it is in NUCLEAR WEAPONS?
This is for you to have a field for fantasy:
"The United States invaded Iraq in 2003 under the pretext of having weapons of mass destruction in the country and the threat to global security posed by Saddam Hussein's regime"...
The statements meant chemical and bacteriological weapons And now that you "beautifully" crap in front of everyone, tell us that the conversation was about nuclear weapons?  

[Ozero]

I mean, if the BRICS countries find a formula to completely get rid of the dollar (not currently possible), this will have a direct impact on the United States, whether in its financial or economic policies.

Definitely but the point is that BRICS is going to create an alternative to dollar that doesn't have the same problems so it doesn't have to get rid of the dollar. But since BRICS currency won't be used as a weapon like the dollar, next time US wants to steal some countries' billions of dollars, they will immediately switch to the alternative or the countries think ahead and diversify first so that US doesn't have as much money to steal.
It is also the next step in solidifying the New World Order, a multipolar world.

We have been discussing for quite a long time the issue of introducing a new currency of the BRICS countries, which should become an alternative to the current dominance of the dollar. But even the BRICS countries themselves do not actively consider this issue, at least openly. So what will be the current dollar's competitor? A new currency or one of the national currencies of the states that are members of the BRICS union? After all, this is very important. If the currency of the BRICS countries is the Chinese yuan, then this will mean a sharp strengthening of China's position. Certainly, the economic and financial strengthening of China is not beneficial for other BRICS members. Therefore, there are many questions and no answers yet.

[coupable]

I mean, if the BRICS countries find a formula to completely get rid of the dollar (not currently possible), this will have a direct impact on the United States, whether in its financial or economic policies.

Definitely but the point is that BRICS is going to create an alternative to dollar that doesn't have the same problems so it doesn't have to get rid of the dollar. But since BRICS currency won't be used as a weapon like the dollar, next time US wants to steal some countries' billions of dollars, they will immediately switch to the alternative or the countries think ahead and diversify first so that US doesn't have as much money to steal.
It is also the next step in solidifying the New World Order, a multipolar world.

We have been discussing for quite a long time the issue of introducing a new currency of the BRICS countries, which should become an alternative to the current dominance of the dollar. But even the BRICS countries themselves do not actively consider this issue, at least openly. So what will be the current dollar's competitor? A new currency or one of the national currencies of the states that are members of the BRICS union? After all, this is very important. If the currency of the BRICS countries is the Chinese yuan, then this will mean a sharp strengthening of China's position. Certainly, the economic and financial strengthening of China is not beneficial for other BRICS members. Therefore, there are many questions and no answers yet.

I believe that there is no single currency capable of competing with the dollar, and it is utopian to think of it being an alternative to it. And this is what all international entities know.
We are discussing the possibility of the BRICS issuing a currency that will compete with the dollar, as if this is the best solution or the only solution. But why did no one think of the euro? Theoretically, the euro is the closest currency or the currency with the most opportunities to compete with the dollar. Nevertheless, there is no room for comparison between the euro and the dollar at all levels.
The global economy is stuck with the dollar, and there is no quick solution, in my opinion, except to diversify the main currencies in international trade exchanges and in the countries' foreign currency reserves, which are currently mostly in dollars.