concordtom said:
DiabloWags said:
The yield on Russian Dollar Bonds maturing in 2027 was trading around 2.5% at the end of last year. On Thursday, the yield hit 18.7%
And the cost of insuring against default on $10,000 worth of these 5 year bonds using credit default swaps climbed to $937 a year on Thursday, from $124 at end of last year.
Since the annexation of Crimea, the Russian Central Bank has built up $600 Billion of reserves to prop up the ruble and provide cheap financiing to local banks.
But make no mistake, the financial pain is very real, and just starting.
What's the dollar value of all hydrocarbons traveling from Russia to Europe?
How much product is that?
How can the alliance provide alternative supply?
How much USA imports:
The vast majority is from
Canada, 136,090,000, making up
over 50 percent of all imports. From
Russia, 17,855,000 barrels were imported, with November's imports being the lowest value of the year, but still
7 percent of all imports.
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Ukraine does not import directly from Russia, but much of the natural gas that the country procures from Europe originates in Russia. On average, the E.U. relies on Russia for
35% of its natural gas - though some countries are more dependent than others.
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Europe gets
nearly 40 percent of its natural gas from Russia, and it is likely to be walloped with higher heating bills. Natural gas reserves are running low, and European leaders have accused Russia's president, Vladimir V. Putin, of reducing supplies to gain a political edge.
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70% of all LNG into Europe come from USA, Qatar, and Russia - and Russia has only been in the game for 3.5 years.
I can't believe Putin would effectively kill his exports after only 3.5 yrs.
https://www.eia.gov/todayinenergy/detail.php?id=51358