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Ukraine Open Thread 2023-222
When the Ukrainian President Zelenski recently spoke at the UN General Assembly the hall was pretty empty.
What the media hides. @narrative_hole – 23:43 UTC · Sep 20, 2023
🇺🇦 Ukrainian media edited the audience for Zelensky’s speech at the UN to make it look like everyone was listening, including Zelensky himself 😂
Embedded video
Strana also reported this (machine translation):
The telethon showed how Zelensky listens to himself in the UN hall during his own speech on the podium
A live broadcast of the national telethon of United News showed an edited version of President Volodymyr Zelensky's speech at the 78th session of the UN General Assembly, which took place on September 19.
As a result of editing, it turned out that Zelensky was sitting in the hall next to the head of the Presidential Office Andrey Ermak and Foreign Minister Dmitry Kuleba, listening to himself from the podium.
There was no such oversight in the official UN broadcast.
Use as Ukraine Open Thread …
The current open thread for other issues is here
Slavyangrad Telegram Channel Reports…
https://t.me/Slavyangrad/64050
The government has approved a list of countries whose banks will be able to participate in currency trading in Russia
Foreign credit organizations and brokers from friendly and neutral countries will be allowed to trade on the Russian foreign exchange market and on the market for derivative financial instruments. An order approving the list of such states was signed by Prime Minister Mikhail Mishustin.
The list includes more than 30 countries. These are Armenia, Azerbaijan, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Algeria, Bangladesh, Bahrain, Brazil, Venezuela, Vietnam, Egypt, India, Indonesia, Iran, Kazakhstan, Qatar, China, Cuba, Malaysia, Morocco, Mongolia, United Arab Emirates, Oman, Pakistan, Saudi Arabia, Serbia, Thailand, Turkey, South African Republic.
The Resolution was prepared to implement the new norms of the Federal Law “On Organized Trading” adopted in July 2023. These norms are aimed at increasing the efficiency of the mechanism of direct conversion of national currencies of friendly and neutral countries and the formation of direct quotations to the ruble to meet the demand of the Russian economy for settlements in the national currency.
It is surprising how weak the impact of the “hole ceiling” on Russian oil grades has been. This speaks not so much about Russia’s strong economic and political ties with the world’s producers of the Global South (although, this is also true), but about the wild miscalculations of American geopoliticians and all sorts of “think tanks” in planning the economic struggle against our country and their foreign policy weakness.
While the “hegemon” is burning its strategic reserve of oil and gasoline in hopes of somehow keeping domestic prices down until the end of Biden’s first term so that the Democrats have any chance of re-election, Russia’s and Saudi Arabia’s voluntary production and export cuts, as well as growing demand in India and China, are pushing oil prices well above the “hole ceiling” invented by America’s handlers.
Higher market values have already allowed Russia to squeeze the “hegemon” in the traditional U.S. diesel markets of Brazil, and Mexico. Russian exporters are gradually entering other Latin American fuel markets. But now we will talk not about them, but about Asian markets.
Bloomberg sheds crocodile tears over the U.S. plans to limit the income of Russian oil producers – and our state – through a “price ceiling” on oil. This is especially true for the Russian ESPO grade, which is maximally suitable for diesel production at refineries in APR countries. Unfortunately, Russian refineries are not “customized” for ESPO, and all oil of this grade is exported.
And it is going very well, according to the complaining notes in Bloomberg. Thus, on the third day ESPO outpaced Brent grade in terms of price. Not by much – by 60 cents – but it is the fact itself that is important. For the last time such an overtaking was in December 2022, i.e. before the introduction of the “hole ceiling” of 60 dollars per “barrel” of Russian “totalitarian oil without molecules of freedom and democracy”. After the introduction of the “ceiling”, ESPO was shipped at a discount to Brent at $15 per “barrel” in the worst months.
For reference, the current price of Brent is trading at 92 dollars and 46 cents. That is, ESPO under October delivery contracts is shipped for 93 dollars.
But this is not good news either. The fact is that Russia has set its sights on global expansion into diesel markets. This is much more profitable than selling oil, as it leaves more added value in our country. So, because of the ill-considered attempts of the US to destabilize the Russian economy, they have thrown the world markets not only for oil, but also for fuel out of balance. And diesel, which is actively traded by Russia, also costs above the “ceiling” prices – in the neighborhood of 140 dollars. Exactly the same price per barrel is fixed today at American gas stations, which is a historical record.
It is interesting that at such tasty prices, European refineries were underloaded due to the refusal of Russian oil. African decolonization with the termination of some contracts with French refineries has also added to Europe’s problems. This has already pushed diesel and gasoline prices in the “Old World” by 60% during the summer months. While European refineries were able to “cut super profits” due to market conditions, they had to suffer losses from downtime due to anti-European decisions of officials who sold out to the “American Obkom”.
As a result, we can cautiously state that the time of discounts on Russian oil and gasoline is over, and the American satellites led by their “hegemon” have driven themselves into an extremely difficult fuel situation. It is unclear what “ceilings” we can talk about today. The attempt to restrict Russia, which is illegal from the point of view of international law, has failed and has hurt the United States, which has been forced to sell off its strategic reserves, and Europe, which is experiencing a fuel shortage. On which I congratulate you.
Russia is organizing payment systems for it’s products outside the reach of NATO sanctions…
INDY
Posted by: Dr. George W Oprisko | Sep 21 2023 14:52 utc | 45
Slavyangrad Telegram Channel Reports…
https://t.me/Slavyangrad/64050
The government has approved a list of countries whose banks will be able to participate in currency trading in Russia
Foreign credit organizations and brokers from friendly and neutral countries will be allowed to trade on the Russian foreign exchange market and on the market for derivative financial instruments. An order approving the list of such states was signed by Prime Minister Mikhail Mishustin.
The list includes more than 30 countries. These are Armenia, Azerbaijan, Belarus, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Algeria, Bangladesh, Bahrain, Brazil, Venezuela, Vietnam, Egypt, India, Indonesia, Iran, Kazakhstan, Qatar, China, Cuba, Malaysia, Morocco, Mongolia, United Arab Emirates, Oman, Pakistan, Saudi Arabia, Serbia, Thailand, Turkey, South African Republic.
The Resolution was prepared to implement the new norms of the Federal Law “On Organized Trading” adopted in July 2023. These norms are aimed at increasing the efficiency of the mechanism of direct conversion of national currencies of friendly and neutral countries and the formation of direct quotations to the ruble to meet the demand of the Russian economy for settlements in the national currency.
It is surprising how weak the impact of the “hole ceiling” on Russian oil grades has been. This speaks not so much about Russia’s strong economic and political ties with the world’s producers of the Global South (although, this is also true), but about the wild miscalculations of American geopoliticians and all sorts of “think tanks” in planning the economic struggle against our country and their foreign policy weakness.
While the “hegemon” is burning its strategic reserve of oil and gasoline in hopes of somehow keeping domestic prices down until the end of Biden’s first term so that the Democrats have any chance of re-election, Russia’s and Saudi Arabia’s voluntary production and export cuts, as well as growing demand in India and China, are pushing oil prices well above the “hole ceiling” invented by America’s handlers.
Higher market values have already allowed Russia to squeeze the “hegemon” in the traditional U.S. diesel markets of Brazil, and Mexico. Russian exporters are gradually entering other Latin American fuel markets. But now we will talk not about them, but about Asian markets.
Bloomberg sheds crocodile tears over the U.S. plans to limit the income of Russian oil producers – and our state – through a “price ceiling” on oil. This is especially true for the Russian ESPO grade, which is maximally suitable for diesel production at refineries in APR countries. Unfortunately, Russian refineries are not “customized” for ESPO, and all oil of this grade is exported.
And it is going very well, according to the complaining notes in Bloomberg. Thus, on the third day ESPO outpaced Brent grade in terms of price. Not by much – by 60 cents – but it is the fact itself that is important. For the last time such an overtaking was in December 2022, i.e. before the introduction of the “hole ceiling” of 60 dollars per “barrel” of Russian “totalitarian oil without molecules of freedom and democracy”. After the introduction of the “ceiling”, ESPO was shipped at a discount to Brent at $15 per “barrel” in the worst months.
For reference, the current price of Brent is trading at 92 dollars and 46 cents. That is, ESPO under October delivery contracts is shipped for 93 dollars.
But this is not good news either. The fact is that Russia has set its sights on global expansion into diesel markets. This is much more profitable than selling oil, as it leaves more added value in our country. So, because of the ill-considered attempts of the US to destabilize the Russian economy, they have thrown the world markets not only for oil, but also for fuel out of balance. And diesel, which is actively traded by Russia, also costs above the “ceiling” prices – in the neighborhood of 140 dollars. Exactly the same price per barrel is fixed today at American gas stations, which is a historical record.
It is interesting that at such tasty prices, European refineries were underloaded due to the refusal of Russian oil. African decolonization with the termination of some contracts with French refineries has also added to Europe’s problems. This has already pushed diesel and gasoline prices in the “Old World” by 60% during the summer months. While European refineries were able to “cut super profits” due to market conditions, they had to suffer losses from downtime due to anti-European decisions of officials who sold out to the “American Obkom”.
As a result, we can cautiously state that the time of discounts on Russian oil and gasoline is over, and the American satellites led by their “hegemon” have driven themselves into an extremely difficult fuel situation. It is unclear what “ceilings” we can talk about today. The attempt to restrict Russia, which is illegal from the point of view of international law, has failed and has hurt the United States, which has been forced to sell off its strategic reserves, and Europe, which is experiencing a fuel shortage. On which I congratulate you.
Russia is organizing payment systems for it’s products outside the reach of NATO sanctions…
INDY
Posted by: Dr. George W Oprisko | Sep 21 2023 14:52 utc | 46
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