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US Ratchets Up Pressure on Turkey Over Ties With Russia

Bloomberg and Archive Erdogan’s close relations with Putin anger Western powers Turkey has positioned itself as a mediator in Ukraine war Clearly the US is not interested in settling the Ukraine situation or they’d appreciate Turkey’s moderation. Also, for Kaz, this US desire for war and more war likely explains the recent actions HTS has […]

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German Authorities Investigate Nord(th) Stream 1 & 2 Leaks

I wouldn’t jump to the conclusion that the damage to these pipelines was done by Russia. The pipelines were inactive. Russia had stopped delivery through them. It doesn’t make sense to me they’d need to sabotage them,when for lack of a better term, these pipelines are OFF. We’ve talked about the targeting of Germany previously […]

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West eases efforts to restrict Russian oil trading as inflation and energy risks mount

https://www.nzherald.co.nz/business/west-eases-efforts-to-restrict-russian-oil-trading-as-inflation-and-energy-risks-mount/VSCVDNIYZQ43QI2PDTGT6UQPDQ/ European governments have eased back on efforts to curb trade in Russian oil, delaying a plan to shut Moscow out of the vital Lloyd’s of London maritime insurance market and allowing some international shipments amid fears of rising crude prices and tighter global energy supplies. The EU announced a worldwide ban on the provision […]

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Update on Sakhalin LNG- Rouble for Gas Expansion?

Gazprom proposes adding LNG to rouble-for-gas scheme -Ifax MOSCOW, July 4 (Reuters) – Russian gas producer Gazprom (GAZP.MM) has proposed expanding its rouble-for-gas scheme for pipeline gas to include liquefied natural gas (LNG), the Interfax news agency quoted a senior manager as saying on Monday. The proposal from Kirill Polous, a deputy department head at […]

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Meanwhile in Russia’s Far East: Sakhalin LNG

Russia is moving to further tighten its grip on the nation’s oil and natural gas supplies, issuing a decree for the country to take over the Sakhalin-2 liquefied natural gas (LNG) export project on Sakhalin Island north of Japan. An executive order signed by Russian President Vladimir Putin to “protect the national interests” calls for […]

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EU/Russian Oil Embargo?

Hardly. Despite suggestive headlines. Perhaps the EU isn’t as insane as had been suspected? Perhaps? https://www.scotsman.com/news/world/russian-oil-sanctions-eu-leaders-agree-to-ban-90-of-russian-oil-by-year-end-3715065 The embargo covers Russian oil brought in by sea, allowing a temporary exemption for imports delivered by pipeline. Ursula Von der Leyen, the head of the EU’s executive branch, said the punitive move will “effectively cut around 90% of […]

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Geopolitics Takes A Back Seat As Biden Drops Sanctions On Venezuela

https://oilprice.com/Energy/Energy-General/Geopolitics-Takes-A-Back-Seat-As-Biden-Drops-Sanctions-On-Venezuela.html When Biden sent a delegation to Caracas in early March, rumors began to circulate that the U.S. was considering reopening relations with Venezuela as oil prices soared. Now, after a period of silence from Washington on the subject, it appears that the U.S. is going to ease its sanctions on the Latin American oil […]

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NATO, Russia, Ukraine: What’s really going on?

Truthfully, I can’t say with any certainty. Highly doubt anyone really can. But, we can share some thoughts on the subject, right? Seems to me the US and friends want to ( would like to) increase sanctions against Russia using the mechanism provided by the nominally (but not really) independent SWIFT. That is one possibility […]