Impotent Western Sanctions Fail To Disrupt Russian Energy Exports

[Purveyor]

By Andrew Topf
Posted on Tue, 03 March 2015 23:08 | 3

Energy exports from Russia, in the form of coal, oil, natural gas and uranium, continue to flow unimpeded, despite Western efforts to damage the Russian economy for interfering in Ukraine.

In some ways, the sanctions have had the desired effect. But in others, notably the energy trade, they have failed, and in fact it could be argued they have backfired, by hurting the businesses that do business with Russia. Moreover, the sanctions have further isolated Russia from Europe and drawn it closer to alternative energy partners, namely Turkey and China.

To recap, in March of 2014 the United States and the European Union, along with other countries and international organizations, implemented a series of sanctions against individuals and businesses from Russia and Ukraine, in response to the perceived annexation of Crimea, a peninsula in southern Ukraine. Russia retaliated by imposing sanctions of its own, including a ban on food imports from the EU, US, Norway, Canada and Australia.

As the unrest continued into southern and eastern Ukraine, the sanctions were expanded. The first round targeted Russian and Crimean officials seen to have close ties to Russian President Vladimir Putin, with asset freezes and bans on travel. The second round, so-called sectoral sanctions, focused on major businesses and parts of Russia's financial, energy and military industries. Targets included Rosneft, Transneft and Gazprom.

more...

http://oilprice.com/Energy/Energy-General/Impotent-Western-Sanctions-Fail-To-Disrupt-Russian-Energy-Exports.html

[jeff47]

1. If this were true, Russia would not be pushing to get them removed. (nt)

[Blue_Tires]

2. +1

[Purveyor]

5. I haven't seen a really big push for getting them removed but I may have

missed something.

[uhnope]

9. yeah, you might have missed something

[Wellstone ruled]

3. Well well,so the sanctions are not doing

what certain people want. That's not a big surprise. These are commodities,and saying that,they are fungible,meaning they don't have a name or country of origin on it. This stuff is going to twenty bucks shortly do to over supply and lack of storage. There are so many ways to break these so called Sanctions with Shell Companies and off shore entities. These companies are Multi-Nationals and owe allegiance to know one Country. Only to their share holders or a Wall Street Bankster.

[randome]

4. No agenda with this article, is there? 'Impotent'?

Funny.
[hr][font color="blue"][center]Stop looking for heroes. BE one.[/center][/font][hr]

[Purveyor]

6. You would think this came from RT, eh? Must be Oilprice.com are in

cahoots with them damn "Reds"...

[randome]

7. Or maybe they have their own agenda to stop disrupting oil supplies?

[hr][font color="blue"][center]You should never stop having childhood dreams.[/center][/font][hr]

[pampango]

8. Russia and China are run by autocrats. One has plenty of natural resources. The other needs them.

One is a manufacturing powerhouse that needs raw materials. The other's economy runs largely on the export of raw materials and natural resources.

They are made for each other. May they live long and prosper together.

Whoever was selling oil, natural gas, coal and other resources to China can now sell them to Europe since China is buying from Russia. While they may cost Europeans a little more, there may be less political considerations from the other sources.