I listen earnestly to my grandchildren - but I rarely take their advice on weighty matters. 
Posted on 10/04/2022 10:35:09 PM PDT by Cathi
4 Oct, 2022 21:34
EU agrees to impose price cap for Russian oil – Politico
The bloc promised “concessions” to overcome opposition from Malta, Greece and Cyprus
The EU has reached a tentative deal to impose a price cap on the sale of Russian oil to third countries, Politico Europe reported on Tuesday citing diplomatic sources. Cyprus, Greece and Malta had concerns about the potential impact on their shipping industry, but were reportedly promised concessions.
The price cap is part of the eighth round of anti-Russian sanctions, which Brussels is expected to roll out this week, citing the ongoing conflict in Ukraine.
EU ambassadors reached an agreement on Tuesday and expect to approve the final text on Wednesday, Politico reported citing seven diplomats – all of whom wished to remain anonymous. Details of the sanctions still need to be confirmed in writing, and there was a “limited” chance the deal could still unravel, one source reportedly said.
The three Mediterranean members were reportedly concerned about the impact of the measure on their commercial shipping, but Brussels offered “concessions” in the form of a “monitoring system” that would propose measures to mitigate the impact of the embargo, in case of "significant loss of business" due to practices such as reflagging of commercial vessels.
The EU has already banned the import of coal from Russia, with an oil embargo scheduled to go into effect in December. The price cap seeks to block Moscow’s petroleum exports to third countries using EU-registered vessels, as the bloc has already sanctioned all Russian shipping.
Meanwhile, Hungary said it had secured assurances the price cap won’t apply to oil delivered through pipelines.
Anti-Russian measures adopted by the US and its allies have led to a spike in oil price, leaving Russia with more revenue from exports than before the embargo. The price cap proposed by the G7 seeks to neutralize this. According to the proposal, EU vessels will refuse to carry Russian oil if it is priced above the cap, the value of which has yet to be determined.
The sanctions have also resulted in the EU facing severe energy shortages. However, the bloc’s leaders have vowed to support Ukraine indefinitely and no matter what.
Moscow has made it clear it will not comply with the price cap scheme, with Deputy Prime Minister Alexander Novak warning that Russia will simply refuse to sell fuel to countries that seek to enforce or abide by it.
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They also passed a resolution recognizing the Tooth Fairy and the Easter Bunny.
Actually this is going to be interesting. While the EU has not yet specified what that price cap number is going to be, Russia has been pretty insistent that they just will not sell any oil to anyone who participates in this.
That could lead to another round of oil price increases. The last thing we need...:-(
I listen earnestly to my grandchildren - but I rarely take their advice on weighty matters.
LOL, and I am imposing a price cap of 19,999 on new Ford F-150s. I will not pay a penny more.
Wonder how long delivery will take?
Pepe Escobar:
THE EMPIRE OF PIPELINE BOMBING
CAN’T EVEN BOMB A PIPELINE PROPERLY
Confirmed by Gazprom:
Line B of Nord Stream 2 was NOT damaged by Pipeline Terror last week.
Nord Stream IS a marvel of technology. Even Line A of NS2 and both strings of Nord Stream were only PUNCTURED. The pipes are tremendously strong.
All that is part of my upcoming column.
“Gazprom is working to depressurize Line B of the Nord Stream 2 pipeline to reduce potential environmental risks from possible gas leaks. If the decision to start gas deliveries via Nord Stream 2 string B is made, natural gas will be pumped into the pipeline.”
That opens a whole new chapter. Everything will hang on the German government being forced by General Winter to grow a pair, act on their national interests and screw the Empire.
What if Putin retaliates by cutting off uranium to EU? (Thanks, Ms. Klinton / Uranium One).
The EU believes that it is a magic princess making magic princess proclamations.
The EU is in denial about cause and effect.
Interesting information about the drone attack on Kiev (about 4 hr. ago)
🇷🇺 By being hit by kamikaze drones in Belaya Tserkov. This is the first time Iranian drones have been able to reach this far from the front line.
More than 130 kilometers from the nearest section on the border with Belarus to the city. Moreover, this area is densely saturated with air defense systems covering the capital.
From the front line in the Nikolaev region - more than 320 kilometers.
From whichever of these directions the drones are launched, it is already clear that they are capable of operating in the deep rear of the Armed Forces of Ukraine.
Earlier it was reported that “Shahids” (the Russian name is “Geran-2”) can cover distances of up to a thousand kilometers.
🇷🇺🇺🇦⚡️According to our information, We hit the military barracks and the airfield. There are losses among Ukrainian officers and manpower.
This is the crisis the Green Nuts have been awaiting.
Let’s get ready for endless pontificating by Brandon, Blinken, Granholm, Mayor Peter Eater, Vietnam Kerry, and the rest on this “Great Opportunity to Get Off Fossil Fuels Forever (GOGOFFF)”.
Not good. Israel had better get ready for these things being sold by the Ayatollahs to Hamas/Hezbollah.
DEVELOPING⚡️
Footage shows base of Ukrainian military facility in the city of Bila Tserkva, Kiev region UP IN FLAMES after being hit by Russian forces at night, 6 Iranian kamikaze drones Shahed-136 (Geran-2) allegedly used in the attack.
But not before a radioactive liquid is pumped in to identify any leaks in the pipeline near NATO countries. Maybe Japan can sell its Fukushima water in exchange for fuel.
According to the Ukrainians the world is on the cusp of another concerning “crisis”...though I’m not sure why the war would create a world deficiency in metallurgy.
The global crisis in metallurgy is already very close, especially if Ukraine is added to this map, where 80% of the capacities are not working.
As of January 12, 2022, in Ukraine, out of the main operating production facilities, 17 out of 21 blast furnaces, 7 out of 8 open-hearth furnaces, 12 out of 16 converters, 5 out of 15 electric furnaces and 16 out of 17 continuous casting machines were in operation. Now 20% are in working condition, which work at half their capacity.
Pepe Escobar:
(Forwarded by Slavyangard)
Vladimir Putin may address the nation today & change the status of the special operation - source Readovka
The President may issue a new address to the nation today. According to the source of Readovka, it will concern the change in the status of the special operation.
Security Council Secretary Patrushev said that in Crimea, due to the increased level of terrorist threats, security gaps must be immediately eliminated there. The head of the Crimea, Sergei Aksyonov, in turn, previously suggested that after the accession of new regions to Russia, a counter-terrorist operation would be carried out there.
https://t.me/readovkanews/43284
Russians must be laughing themselves silly over that...
The irony of all this EU wankdom is that down the track it will be the U.S fighting the EU on the battlefield. If Ukraine ends up a member, the U.S will be fighting it too. I ‘ve always wondered how the EU with its german masters would get into a war with the U.S
This should work out well in conjunction with a dramatic decrease in OPEC production...
I’ve imposed a price cap on the new Jeep Wrangler I want to buy. I marched into the dealership and informed them of my price cap. I haven’t heard back from Jeep, but I expect delivery in a few months.
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