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SignUp Now!Thanks, you the man, I appreciate it.EAST CAULDRON SNAPS TOGETHER. ODESSA CAULDRON FORMING. SANCTIONS DISASTER. UKRAINE UPDATE
East cauldron snaps together. Odessa cauldron forming. Sanctions disaster. Ukraine Update (bitchute.com)
Alex Christofouro posts updates from Athens every morning (Athens has the same UTC zone as Kiev)
I Thank you for the reports. This is we’re the real war is seen. Somehow I think President Putin knew were this scenario was heading. It might be chess at its finest. And for as we are concern “Theological” and “Biblical” insight.Russia is a big player in the world's commodity markets. It is one of the world's largest exporters of some of the most vital raw materials, from wheat and grains, to oil, natural gas and coal, to gold and other precious metals.
The country's invasion of Ukraine led to a barrage of unprecedented sanctions aimed at isolating Moscow and choking off its access to international financial markets.
While sanctions have not directly targeted Russia's energy exports yet, the US said on Sunday it and its European allies are considering a ban on its imports of its oil. Russia is the world's third-largest producer of oil and one of the biggest producers of gas. A ban would send its customers scrambling for any kind of alternative at any price.
Just the potential for some kind of ban saw Brent crude futures surge to over US$130 a barrel Monday, their highest since mid-2008.
But it's not that simple. Russia isn't just dominant in the oil trade. It's one of the biggest producers of wheat and coal. And some experts believe Western leaders will stop short of outright embargoes, given their economies
could be too badly damaged by the ensuing price rises as a result.
"Russia is too big to sanction," Fereidun Fesharaki, chairman at energy consultancy company FGE, told Bloomberg last week.
"The global market cannot survive without Russian oil, and certainly Europe cannot survive without Russian gas."
OIL: - Russia is the world's third-biggest oil producer after the US and Saudi Arabia. It is responsible for about 12% of global oil production, or between 10 and 12 million barrels per day.
Around 60% of Russia's oil exports go to OECD Europe, and 20% to China, the largest single buyer of Russian oil.
NATURAL GAS: - Russia supplies almost half of the European Union's gas.
In 2021, the EU imported 155 billion cubic metres of natural gas from Russia, accounting for around 45% of EU gas imports and close to 40% of its total gas consumption.
GOLD: - Russia is the world's third-largest producer of gold after Australia and China. It supplied about 350 tonnes of the precious metal last year, according to data from the World Gold Council.
COAL: - Russia is the world's third-largest coal producer. China is Russia's largest coal buyer, buying over 50 million tons of coal last year, according to Reuters.
"Having to replace Russian coal volumes would result in a price shock to global coal markets and a coal shortage in Europe. Russian coal accounts for roughly 30% of European metallurgical coal imports and
over 60% of European thermal coal imports," energy consultancy Wood Mackenzie said.
The primary issue with replacing Russian coal exports in Europe is its reliance on Russia's particular quality of coal," the WoodMac analysts said.
WHEAT: - Russia produced 75.5 million tons of wheat last year, and it is the largest wheat-exporting country, with almost 17% of global export supply, according to ING.
Price: $1,294.12 per bushel Change YTD: 68%
NICKEL: - Russia accounts for around 7% of global nickel output and is the third biggest producer behind Indonesia and the Philippines.
Nickel is a key component in the production of stainless steel and batteries for electric vehicles.
Price: $41,341.50 per ton Change YTD: 99.29%
PALLADIUM: - Russia vies with South Africa for the position as the world's largest producer of palladium. Any kind of disruption could pose a serious problem for auto manufacturers, as the metal is used in the
production of catalytic converters to reduce emissions.
"Possible supply outages from Russia are still being priced in on the palladium market. Russia accounts for 38% of global palladium production. As supply outages could not be offset elsewhere, the market risks
sliding into a sizeable supply deficit," Commerzbank strategist Daniel Briesemann said.
COPPER: - Russia supplies about 3.5% of global copper, which is used in wiring and power cables.
Supply disruptions from Russia, as well as European smelters faced with punitively high energy prices cutting back production, are exacerbating acute supply constraints, according to Saxo Bank analysts.
"Russia is one of the world's largest copper producers, and while the price for months has been held back due worries about Chinese demand, the focus is now turning towards a sanctions-led further tightness
in supply, and with that the prospect of new record being reached sooner rather than later," they said.
TIMBER (LUMBER): - Russia is the largest lumber exporter in the world, and its forest-product exports were worth more than $12 billion last year, according to trade journal Canadian Forest Industries,
which cited data from Wood Resource Quarterly.
De-escalation in the Russia-Ukraine war may not offer much price relief either as several factors have been applying upward pressure. The US housing shortage and a continuing focus on home improvement are keeping demand high.
ALUMINIUM: - Russia is the world's biggest aluminium producer behind China. It accounts for around 6% of global supplies, estimated by analysts to be 70 million tons this year.
Aluminium is one of the most energy-intensive materials and the surge in oil, natural gas and coal has fed into a comparable rise in the cost of the metal.
"Energy accounts for about 40% of the production cost. Mostly by coal. So when coal prices moves so does aluminium. The price of coal in Australia and Europe has now exploded to roughly $450 a ton versus
normal of $80 a ton. If that is maintained over longer period then aluminium needs to move to $6,000 a ton in order to cover the energy cost," strategists at SEB said.
Which "authoritative version" would you like???Where all the insiders Russia gone dark, USA, let you know what they want you to know, They censor “Sermons”, Bird shoots, Putin, pastors, china,
The mistake - again - is in the title. NATO is not a participant in the conflict. Simply, Russia invaded Ukraine.HISTORY of the NATO – Ukraine – Russian conflict.
The WHY of this war – how did it come about?
Also reflection on war as our greatest failure.