Russia’s attack on Ukraine and the Western sanctions that followed are having a massive impact on global trade as shipping companies are abandoning Russia, and the fighting is causing uncertainty over Russian and Ukrainian wheat exports.
According to AP, the US has only sanctioned a handful of Russia’s 2,000 cargo and tanker ships, but sanctions on Russian banks mean the business of importing and exporting from Russia will take a major hit. The sanctions have already caused an exodus of Western companies from doing business in Russia.
Shipping giants Maersk and the Mediterranean Shipping Company have announced they are cutting service to Russia, and the fighting has caused hundreds of ships to be diverted from the Black Sea. Both Ukraine and Russia are major wheat exporters, and the war and sanctions threaten the food supply of some countries.
Over the past week, wheat prices have shot to a record high in Europe as the EU is a major importer of Ukrainian wheat. Some countries in the Middle East are also reliant on Russian and Ukrainian wheat, including Egypt, Lebanon, and Turkey.
The UN’s World Food Program (WFP) has warned that the surge in food prices will cause aid shortages in Yemen, where the civilian population faces mass starvation due to the US-backed Saudi-led war and blockade. “We have no choice but to take food from the hungry to feed the starving and, unless we receive immediate funding, in a few weeks we risk not even being able to feed starving,” WFP chief David Beasley said.
Of course, the war and US sanctions mean skyrocketing fuel prices. Oil prices reached a 10-year high of $120 dollars per barrel on Thursday. For now, the US hasn’t banned Russian oil, but a growing chorus of hawks in Washington are calling on the Biden administration to take that step.
Russian President Vladimir Putin factored Western sanctions into his plans to attack Ukraine, so there’s no reason to think that they will stop his offensive. Instead, the sanctions will only make the crisis worse by hurting ordinary Russians and further hampering global trade.
How hard can it be to manufacture a cargo container?
What happens is cargo containers are usually sent back to where they came from for re-use.
Supply chain sabotage means up to 60% are stuck in backlog at port depot or on ships.
Manufacturing more, doesn’t create more space to store them while prices of new containers have gone up a third.
https://www.hillebrand.com/media/publication/where-are-all-the-containers-the-global-shortage-explained
Containers are not a problem, they are mainly made in China and at any time probably 40% of them are in China.
Maersk expertise is in tracking and scheduling, but if they do not do it, a hundred others based in the east will.
Russia has allies to China , India , Iran ect ect , Putin has factored all this into his plans .
This is Biden’s clever plan to win the mid-term and next Presidential elections: cause a recession in the US economy. People say if oil goes over $120/barrel, the US will go into recession. Others say we’re headed for $180/barrel. Let’s go, Branden!
“Russia’s attack on Ukraine and the Western sanctions that followed” Notice the wording. The sanctions were already well on the way and the “attack” was carefully explained beforehand and had NO intention of destroying Ukraine. After all, Russia lives next door and will remain there. The wanton destruction of the infrastructure and civilians in Iraq, Syria, Libya etc show us the US way of war. Successful???That depends on your definition. Russia wants a neighbor which is at least neutral so needs negotiations and agreements with a government which represents the people. Difficult in this system where the Nazi numbers are small but but very influential and harsh, and supported by the “democratic West”!!!
The Russian counter-invasion was so poorly done, its likely Russia had no real plans to intervene in Ukraine.
Credible threats to re-arm Ukraine with nukes probably changed Kremlin minds.
https://www.the-sun.com/news/2713463/ukraine-nuclear-weapons-russia-putin-2/
http://bunews.com.ua/politics/item/english-language-text-of-ukrainian-president-volodymyr-zelenskyys-munich-security-conference-speech
The wording was subtle but would not have been made without NATO foreknowledge and support.
That’s how NATO was so sure Russia would invade, even setting dates likely timed with statements of Ukraine intent to regain nuclear-armed status.
I have the feeling that even if Russia ceased all hostilities now most of those sanctions would stay. The only thing that would cause Brandon to remove them is if he perceived that they were hurting the reelection chances of Democrats. The rabid desire to hurt Russia in any way possible has reached the lunacy stage.
The Russian counter-invasion has plays nicely into the WEF plans to Reset the world.
There seems to have been no way for Russia to avoid war. The temptation to settle this militarily would have been overwhelming.
After Zelensky made his nuclear threat, negotiation would have given time for NATO to send military advisors and trainers back in, and so keep Russia out.
Ukraine could begin developing nukes, if they weren’t already, uninterrrupted.
Correct.
I fully agree too.
PJ London
2 days ago
What Putin understands and a few deep in the bowels of Basel Switzerland, is that this is a war to the bitter end for control of the whole world.
If Putin loses then The western Orwellian dystopia becomes reality for 70% of the world’s surface and will be imposed on the rest, piece by piece until it rules the whole world. Phony wars and total slavery of the mind in perpetuity.
If Putin wins (and he has to defeat the US or at least its’ will to physically confront) then there is a chance for some kind of peaceful co-existence based on the principles of sovereignty and mutually beneficial exchange.
The US will be economically powerless and revert to a level of power equivalent to Portugal or maybe Brazil. It will no longer dominate or have any pressure to enforce its’ will.
–
“Through Russia comes the hope of the world. Not in respect to what is sometimes termed Communism or Bolshevism — no! But freedom — freedom! That each man will live for his fellow man. The principle has been born there. It will take years for it to be crystallised; yet out of Russia comes again the hope of the world.” ~
Edgar Cayce C 1935
No Russian vodka for YOU!
Or RUSSIAN CATS, either 🤣😺
What’s next, classical Russian literature? Poor Dr. Zhivago, he’s turning over in his grave.
Will we ban listening to Tchaikovsky? Stravinsky?
I do believe I’ll listen to my CD’s of Mussorgsky’s “Pictures at an Exhibition “ and Borodin’s “Polovsian Dances” today, just to be contrary 😁
Also Scheherazade by Rimsky-Korsakov.
LOVE that piece!
No one compares to the Russians for classical pieces, Beethoven be damned .
The perfect U.S. plan to get those trillions printed moving again. Buy from us at premium!
the US importing at least 12 million and sometimes as many as 26 million barrels of oil from russia every single month. go ahead and sanction that and see what happens.
Oil is already high, sooooooo sanctioning Russia is going to make prices go down. Good plan, yeah let’s do that.
I don’t think Russians will be starving, and Russia also is self-sufficient in many other products eg minerals, fertilisers, neon……. which the EU and many other countries need. Of course the Western world, especially the USA, care very deeply about the food needs of poor people in the Third world, as we all notice in Yemen, where raging wars aided by US∕UK∕French assistance to Saudi Arabia’s military actions, have been kept out of the news by the blanket Russophobic rants in all media.
Sanctions make Russia stronger , but the worlds population should be happy to go short on food , energy , job loses ect ect to help the Ukrainians out RIGHT ?, the fact is this war could have been aveted if only the US puppet Zelensky had talk to Putin.