This is true. Straight after Russia invaded, oil prices went through the roof. The EU bought a ton of gas to fill up everything they had.
The problem is that every penny they made then, they have now lost in much larger quantities. The national wealth sat at $170b at the start of the war. At the start of this year it was down to $85b. The reckoning is that the wealth fund could be depleted by the year end. I personally find this unlikely. What is very much going to happen though is that the wealth fund will be needed for any recovery once this is over. How much will be left?
Russia has over $300b held in sanctioned banks overseas. If they can retrieve any of this, then that will be a major get of jail free card. I cannot see banks just handing this over to Ukraine as compensation. That will not happen. I can see Russia been held accountable for the stolen companies and hardware that they decided to just keep and not pay off anymore. A lot of which will be those airplanes that they kept in Russia.
The amount that is now coming in from fossil fuels is less than half of what was being sold at the start of the war. There are additional costs to selling the oil now. It now has to be shipped in large quantities, when before it was piped. The pipelines to China and Turkey are at capacity. The rest is sent by sea.
Piped gas sales were killed off. There is not much in the way of facilities to create liquid gas. They also have to have facilities at the decant port where ever that is. Russia is sitting on a lot of gas it can do nothing with.
The Ruble is now 1/20 of the value it was before the war. Every import is now cost 20 times more.
Russia is also loosing approx. 3 vehicles to every vehicle destroyed in the Ukraine hardware. The war is proving to be a lot more expensive for Russia when it comes to hardware losses.
Putin has ruined the economy of Russia not just financially, which will be a long term loss, but demographically also. It is estimated that 20,000 have been killed in the fighting, with 80,000 injured. There has been a mass exodus of young men trying to avoid conscription. The population is going to be very unbalanced when all this is over. That will have additional costs.
So yes it made a bundle at the start of the war. Russia is not sitting so pretty now. The whole exercise is a shambolic waste of life.
Why do you think they want to influence your opinion. It is all about making money, and a lot more than they expect from some crappy newspaper. GB news hasn’t made a single penny in profits, and yet are still giving out £100,000 pa contracts.
We have to ban foreign nationals owning our media. They do not purchase media companies as business interests anymore; it is only ever about changing public opinion.
Lol, seriously my friend do not repeat that argument. OFC people use very old PCs. If you had a mac running for 10 years, this is not a regular event. The guy mentioned in this post, Louis Rossman, has made a lot of cash from pointing out the flaws behind the Macbook design. He makes a good living repairing them.
The company I worked for had 286 PCs running the stock system all the way up till 2013. This is a PC that was running for 24 years before they considered replacing it. The company was not some back street mickey mouse set up who didn’t want to spend cash. This was one of the major car companies. Large companies do not change things that are critical to the operation without a lot of effort to makes sure it goes right. They rely heavily on old systems because they know they work. This is very much the case across a lot of large companies.
[email protected] indicated that my opinion was out of touch. Since you say his opinion is based on current editions of Apple Macbooks, then my original statements still holds up that current Macbooks are a bad purchase all round.
This is not a remark towards your input, and only that my opinion has not changed.
Sorry, but Techreader agrees with me on this one. Apple Macbooks are simply not worth the money spent on them. Techreader does not mention the way Apple inhibits servicing or upgrades. A problem that does not exist at that level on the PC platform. Even with a laptop the CPU, memory and HDD are interchangeable. Apple does not want you to upgrade; they want you to spend 10X the cost by buying a whole new product.
One of the biggest failings in Western economics is the prevalence for across the board percentage pay rises. People getting paid £40k get double those on £20k when both get an equal amount in pay percentage increase. This has been part of the reason why top bands in large companies have gained such huge pay scales. Percentage rises are nothing like an equal pay rise. It is way past time unions recognised this.
Kind of Kudos to the Chinese for this. I hope they see fit to roll it out among some of the more powerful families in China also, and not just use it to claw back some money from the middle class.
Pretty sad that the US treats reporters this way for outing crimes. Any guilty plea will only ever be viewed as a pressured response. “you can go to jail for the rest of your life or just admit it and we will reduce the sentence”. It makes a mockery of free reporting.
Ofgem is not independent when it is ran as a government dept. It is the government of the last 14 years who have made all the appointments. The same government that gave 100 licenses out for new sites recently. Sunak’s wife makes millions from oil shares alone.