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Unintended consequences, at least for the West?“The key word today is obviously hold off and do not do anything that could backfire in the future,” WSJ cited Hugo De Stoop, chief executive of tanker company Euronav, as saying. “At the moment, we're not touching any cargo that’s linked to Russia.”At the same time, Indian refiners have scooped up 6 million barrels of discounted Russian Urals crude, traders told Bloomberg.Maybe Russia should tell the Western buyers to settle in physical gold delivered in Russia — you know, like international trade used to be settled, although then the transfers were through the agency of central banks rather than physical delivery.Will this force the US to conclude a deal with the Iranians lifting sanctions as Iran demands in order to relieve the pressure,
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Unintended consequences, at least for the West?Unintended consequences, at least for the West?“The key word today is obviously hold off and do not do anything that could backfire in the future,” WSJ cited Hugo De Stoop, chief executive of tanker company Euronav, as saying. “At the moment, we're not touching any cargo that’s linked to Russia.”At the same time, Indian refiners have scooped up 6 million barrels of discounted Russian Urals crude, traders told Bloomberg.Maybe Russia should tell the Western buyers to settle in physical gold delivered in Russia — you know, like international trade used to be settled, although then the transfers were through the agency of central banks rather than physical delivery.Will this force the US to conclude a deal with the Iranians lifting sanctions as Iran demands in order to relieve the pressure,
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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“The key word today is obviously hold off and do not do anything that could backfire in the future,” WSJ cited Hugo De Stoop, chief executive of tanker company Euronav, as saying. “At the moment, we're not touching any cargo that’s linked to Russia.”Maybe Russia should tell the Western buyers to settle in physical gold delivered in Russia — you know, like international trade used to be settled, although then the transfers were through the agency of central banks rather than physical delivery.At the same time, Indian refiners have scooped up 6 million barrels of discounted Russian Urals crude, traders told Bloomberg.
Will this force the US to conclude a deal with the Iranians lifting sanctions as Iran demands in order to relieve the pressure, even a deal it doesn't like?
Tanker Rates On Russian Crude Routes Triple
Tsvetana Paraskova
https://oilprice.com/Latest-Energy-News/World-News/Tanker-Rates-On-Russian-Crude-Routes-Triple.html
China Moves To Restrict Financing For Russian Commodities (dollar-denominated letters of credit)
Julianne Geiger
https://oilprice.com/Energy/Energy-General/China-Moves-To-Restrict-Financing-For-Russian-Commodities.html
"Nothing Compares To The Chaos We're Seeing Now": Tanker Rates On Russian Crude Routes Soar Sixfold In One Day Amid War Fears
Tyler Durden
https://www.zerohedge.com/markets/tanker-rates-russian-crude-routes-soar-sixfold-one-day-amid-war-fears