marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
sanctions
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
01/04/2023
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By Belle Carter
Putin bans export of Russian oil to US and other nations that implemented a price cap
Russian President Vladimir Putin recently signed a decree to temporarily ban the export of oil products to the United States and other nations that implement a price cap. The ban will take effect from February 1 to July 1. “Deliveries of Russian oil and oil products to foreign entities and individuals are banned, on the condition that in […]
12/02/2022
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By Lance D Johnson
BRICS nations moving rapidly to circumvent the US dollar as the World Reserve Currency
Emerging economies around the world are moving quickly to subvert the US dollar and curtail its dominance as the world reserve currency. The economies of Brazil, Russia, India, China, and South Africa (BRICS) are finding new, expedient ways to cooperate and trade, without any involvement from the Western-dominated financial system, and the risks that come […]
11/03/2022
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By Arsenio Toledo
Energy crisis forces Austria’s only domestic salt manufacturer to cut production by 20%
Salinen AG, Austria’s only domestic salt mining company, is cutting back production by 20 percent due to the massive rise in energy prices in the country. Salinen CEO Peter Untersperger noted that the salt mining company was already charging 12 percent more for salt before the company decided to cut production. He added that the company […]
09/23/2022
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By Ethan Huff
To avoid margin calls, European energy companies need another $1.5 trillion in bailout money
Massive overleveraging by Europe’s energy sector threatens to leave our neighbors across the pond in the dark this winter. Unless $1.5 trillion is pulled out of thin air to avoid margin calls, European energy companies are in serious trouble, according to Norwegian energy group Equinor. Several European countries are desperately trying to keep the energy […]
09/15/2022
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By Ethan Huff
SANCTIONS BACKFIRING: European manufacturers closing up shop due to skyrocketing energy costs
There is a pretty good chance that Europe is done for as it pertains to manufacturing. The soaring cost of energy has made it prohibitively expensive for primary-metals producers and other heavy industries to continue doing business across the continent, which is boycotting Russian energy over Vladimir Putin’s invasion of Ukraine. Anti-Russia sanctions have all […]
09/14/2022
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By Arsenio Toledo
American imports of Russian ferrous metals dropped to near-zero in July
Russian exports of ferrous metals to the United States dropped in July to nearly zero – $0.6 million. The massive nosedive in American metals imports comes after Washington, D.C. released its latest list of Russian goods targeted by massive import tariffs in late June. These are part of America’s economic sanctions against Russia for the special […]
09/13/2022
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By Ethan Huff
Return to the Dark Ages: European steel, metals industries plead with EU to stop de-industrializing the continent with its sanctions against Russia
Dozens of relevant stakeholders sent a letter to European Commission President Ursula von der Leyen, European Council President Charles Michel, and several others in key position of power calling on them to take immediate action to “prevent permanent deindustrialisation from spiralling electricity and gas prices.” Western sanctions against Russia have made it prohibitively difficult for […]
09/09/2022
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By Ramon Tomey
German gas giant asks Berlin for BAILOUT as country faces energy crisis
A major importer of natural gas in Germany asked the federal government in Berlin for financial aid amid the country’s ongoing energy crisis. Natural gas company Uniper was struggling to replace gas supplies following the shutdown of the Nord Stream 1 (NS1) pipeline – at serious loss to the firm. Uniper CEO Klaus-Dieter Maubach made this […]
09/09/2022
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By JD Heyes
Russia’s Putin confirms he is using country’s vast energy reserves as leverage to force EU to drop economic sanctions
Russian President Vladimir Putin has finally acknowledged what only a few seasoned geopolitical observers have known for months now: He is using his country’s enormous fossil fuel reserves to extract diplomatic concessions from the European Union, most notably, to have crippling economic sanctions that have been imposed on his nation dropped. Two days after Russian […]
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