by Summary:
Continued oil and gas exports as well as a propped-up ruble, have allowed Moscow to weather Western sanctions.JPM has backtracked on its earlier forecasts of a 35% contraction in Russian GDP in the second quarter.The lion's share of Russian raw materials is traded via Switzerland and its nearly 1,000 commodity firms.Swiss commodity traders are enabling Russia's sales of its resources. This is a huge contribution to Swill GDP so the Swiss are in no rush to give it up, knowing that nature abhors a vacuum so someone else will step in and take the business. OilpriceThe Swiss Connection: How Russia Is Weathering Tough SanctionsAlex Kimani
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Continued oil and gas exports as well as a propped-up ruble, have allowed Moscow to weather Western sanctions.JPM has backtracked on its earlier forecasts of a 35% contraction in Russian GDP in the second quarter.The lion's share of Russian raw materials is traded via Switzerland and its nearly 1,000 commodity firms.Swiss commodity traders are enabling Russia's sales of its resources. This is a huge contribution to Swill GDP so the Swiss are in no rush to give it up, knowing that nature abhors a vacuum so someone else will step in and take the business. OilpriceThe Swiss Connection: How Russia Is Weathering Tough SanctionsAlex Kimani
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
- Continued oil and gas exports as well as a propped-up ruble, have allowed Moscow to weather Western sanctions.
- JPM has backtracked on its earlier forecasts of a 35% contraction in Russian GDP in the second quarter.
- The lion's share of Russian raw materials is traded via Switzerland and its nearly 1,000 commodity firms.
Swiss commodity traders are enabling Russia's sales of its resources. This is a huge contribution to Swill GDP so the Swiss are in no rush to give it up, knowing that nature abhors a vacuum so someone else will step in and take the business.
The Swiss Connection: How Russia Is Weathering Tough Sanctions
Alex Kimani