Tag: Russians sanctions hurt us all

EU To Impose Full Embargo On Russian Oil Next Week, Will Send Price Above $185 According To JPMorgan

Via ZeroHedge

Update (13:15 ET): What was largely a theoretical modeling exercise until moments ago, is set to go live because Reuters reports that the EU is set to declare a full embargo on Russian oil after this weekend’s French election:

  • EU GAS PRICE TO SHOOT UP AS EU TO DECLARE EMBARGO ON RUSSIAN OIL AFTER FRENCH ELECTION NEXT WEEK – SOURCE

Why wait until after the election to launch the embargo? Simple: Europe’s bureaucrats are correctly terrified that the coming oil price spike to push the vote in Le Pen’s favor, which is why Europe will wait until after the election (when Macron will supposedly be the next president of France, as Belgium hopes) to announce it publicly.

More below (and in the full JPM report available to pro subs).

Continue reading “EU To Impose Full Embargo On Russian Oil Next Week, Will Send Price Above $185 According To JPMorgan”

Russia Sanctions Will Lead to an Inflationary Disaster

Via International Man

Here’s What You Need to Know

Russia Sanctions

You might be thinking we are “pro-Russia”. Nothing of the sort.

In essence, we would like to point out how Russia is way more important to the world economy than it was some 20 years ago. To embargo or limit Russia’s exports will only lead to an inflationary super storm.

Russia is a major supplier of the most wanted raw materials including: palladium, 46% of global production, platinum 15% of global protection as well as gold, oil, natural gas, coal, nickel, aluminum, copper and silver, as well as wheat.

Continue reading “Russia Sanctions Will Lead to an Inflationary Disaster”