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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe REAL reason Trump violated the Iran agreement
Last edited Sun May 13, 2018, 07:03 PM - Edit history (1)
To drive oil prices up, which gives his boss Putin a buffer against any U.S. sanctions!
"MOSCOWRussian President Vladimir Putinbegan his fourth term on Monday with an unexpected weapon in his arsenal against Western sanctions: higher oil prices.
The price of oil is the highest it has been since 2014, pouring much-needed money into government coffers and giving Mr. Putin extra room to maneuver amid growing tensions with the West and protests at home.
Mr. Putins foreign policy has put Russia on a confrontation course with the West over conflicts in Syria and Ukraine and allegations that Moscow meddled with the 2016 U.S. presidential election. But Mr. Putin believes Russia is for now over the worst effects of U.S. and EU sanctions and that higher oil prices will help buffer against any future penalties, analysts said.
He thinks that the Russian economy has stabilized and sees Russia now in a long-term battle of wills with the West, said Timothy Ash, senior strategist at BlueBay Asset Management in London. Higher oil prices will help him play for more time against the West.
The heyday of $100 a barrel oil allowed him to use the countrys energy bounty to rebuild the military against what he sees as Western threats. Since Mr. Putin announced Russias military modernization in late 2010, Russia has spent some 23 trillion rubles, or some $37 billion according to the current exchange rate.
https://www.google.com/amp/s/www.wsj.com/amp/...
From Wikipedia -
During his first presidency, the Russian economy grew for eight straight years, and GDP measured in purchasing power increased by 72%.[9][10] The growth was a result of the 2000s commodities boom, high oil prices, and prudent economic and fiscal policies.[11][12]
https://en.m.wikipedia.org/wiki/Vladimir_Putin
"Russian companies to benefit from US Iran withdrawal
Moscow (AFP) - While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of US sanctions than Europe and its companies could even benefit from the move.
"The deal and the lifting of sanctions in 2015 marked the return of European business to Iran. But it's unlikely they can keep doing business today, giving room to Russia," said independent political scientist Vladimir Sotnikov.
"Russia can now go ahead at full speed," he added."
https://www.google.com/amp/s/www.yahoo.com/am...
MAGA!
There is an unregistered foreign agent in the White House.
Cicada
(4,533 posts)orangecrush
(19,400 posts)But having the U.S. withdraw will drive oil prices up, benefiting Russia.
orangecrush
(19,400 posts)Moscow (AFP) - While Russia has condemned Washington for its withdrawal from the Iran nuclear deal, Moscow remains less exposed to the economic consequences of US sanctions than Europe and its companies could even benefit from the move.
Cicada
(4,533 posts)I understand that an increase in oil prices makes Russian oil resources more valuable. But Russia has always worked to get the Iran deal signed, and they worked hard to stop Trump killing it. They pressured UN members to support statements supporting the IRan deal in late April. Maybe non oil trade with Iran is valuable to Russia. Maybe a strong IRAN bolsters Russian interests in the Middle East. Russia knows killing the IRAN deal will make their oil production more profitable. But something else is more important to them.
Varaddem
(431 posts)The Kochs Have we forgotten who is running all these think tanks
orangecrush
(19,400 posts)Putin wishes to thank all Trump voters.
smirkymonkey
(63,221 posts)orangecrush
(19,400 posts)of the guy who REALLY cared about America.
procon
(15,805 posts)The very same companies that will profit off of sanctions and more unrest in the ME, are also huge donors to Republican political campaigns. Go figure...
orangecrush
(19,400 posts)Weakening the,European Union, and pushing them into Putins arms.
MAGA!
Sophia4
(3,515 posts)orangecrush
(19,400 posts)Sophia4
(3,515 posts)duforsure
(11,884 posts)While he puts Putin and Russia ahead of the welfare of the American people driving oil prices skyhigh. W allowed this to happen for oil to shoot up also.
orangecrush
(19,400 posts)we'd be seeing Bush era gas prices.