Posted on 10/03/2023 8:06:24 PM PDT by Sunsong
"Russia's state energy holding company, Inter RAO, has started restricting electricity supplies to China after Vladimir Putin's key ally and trading partner rejected a price hike.
"The dispute stems from China facing severe electricity problems due to droughts and limits on increasing domestic coal production, while Russia is trying to offset the slump in its currency, which has hurt export revenues.
"One expert told Newsweek that China is displaying a "hard-nosed" negotiating approach over Russia's demand and that it's in a strong bargaining position....
...
...
"...Chinese energy firms and the state have always been famously hard-nosed and very patient in energy negotiations with Russia," said Thomas O'Donnell, a Berlin-based geopolitical analyst and energy expert who is a global fellow with the Wilson Center think tank.
"China has reaped great benefits for squeezing Russia when in a bind to export oil and gas," he told Newsweek, with Beijing getting beneficial prices for piped gas and cheaper oil after Putin's "fiasco" of losing the European market due to sanctions.
"The Russian state power export monopoly can't make a profit, or very little with a 7 percent export tax," O'Donnell said. "So it must demand higher rates from their biggest customer, China, and some other customers."
He said that Chinese resistance to paying higher rates for Russian electricity imports suggests that "given the power sector crisis in China, it may aggressively turn to LNG gas imports for generation."..."
https://www.newsweek.com/russia-china-electricity-inter-rao-price-increase-1831646
(Excerpt) Read more at newsweek.com ...
Wow, socialists arguing about prices with each other.
My my my...
He is either done or the enablers do just enough to keep him going to keep milking.
I posted the Ruble chart yesterday-off 50% since July 2022-with oil/gas higher. It’s the only objective scoreboard.
When did Newsweek become a good source again? Even in the late 70’s it was just ok.
But the last 40 years??? Probably would have run out of business but for the money they get from the CIA to keep in print.
Neocon propaganda.
I thought they were butt boys for each other.
It’s propaganda of the worst kind at “Newsweek” nowadays.
Brendan Cole, LOL.
Whatever works for each story’s particular propaganda.
Russia ran out of missiles 19 months ago.
Putin died of cancer 13 months ago.
The Spring Offensive is winning.
Every Russian male has cirrhosis.
Etc.
NewsWeak is now NeoCon crapola.
Russia is more free-market than we are.
Purchased for $1.
Comrade! Da! We drink up vodka while getting pummeled with outdated United States missiles!
“He is either done or the enablers do just enough to keep him going to keep milking.
I posted the Ruble chart yesterday-off 50% since July 2022-with oil/gas higher. It’s the only objective scoreboard.”
Thanks
India paying him 50 cents on dollar and not allowing him to repatriate money is textbook milking.
https://www.newsweek.com/intelligence-putin-funding-anti-fracking-campaign-547873
Intelligence: Putin Is Funding the Anti-Fracking Campaign
Buried within the U.S. intelligence community’s report on Russian activities in the presidential election is clear evidence that the Kremlin is financing and choreographing anti-fracking propaganda in the United States. By targeting fracking, Putin hopes to increase oil and gas prices, destabilize the U.S. economy and threaten America’s energy independence.
$100/bbl climate oil bought every dead Uke-
US policy paid for one side and US taxpayers the other side.
The most contrived war in the history of battle.
PS Newsweek is propaganda CIA unless it aligns with my hopes and dreams and magically turns into gospel.
In the past years Newsweek has published good articles on occasion I was surprised to see.
As for this, the Chicommshills on this thread are confirming the article.
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=2Y
That’s what losing a war looks like.
To chicomms, neocons, dimmer than fox all the way to room temp IQ-that is still what losing a war looks like.
Biden is doing more damage to the US energy sector and economy than Putin.
Interesting. China is huge, with a huge offshore area.
Is there a reason they have insufficient domestic energy production?
Not enough oil, gas or coal?🤔
Why no nuclear?
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