Russia's Invasion of Ukraine (Official Thread)
- Thread starter newarkhiphop
- Start date
'Putin cannot sell his huge gas stockpile' as Russia's economy is 'in tatters'
Russia's state energy giant Gazprom has been left struggling to break new markets with its revenue plummeting by 41 percent and sales and gas production also down
www.irishstar.com
Russia struggles to sell gas reserves as Gazprom faces market challenges
Russia's state energy giant Gazprom has been left struggling to break new markets with its revenue plummeting by 41 percent and sales and gas production also downNEWS
By
Brian DillonWhat's On and Travel reporter
Callum Hoare
- 06:43 ET, MAY 26 2024
Vladimir Putin (Image: Getty Images)
Russia is grappling with "enormous difficulties" in selling its vast gas reserves, a situation that could potentially affect its ability to sustain the war in Ukraine. This information comes from a new analysis by the Atlantic Council think tank, which reveals that Gazprom, Russia's state energy behemoth, is finding it challenging to penetrate new markets.
This follows Gazprom's decision to limit its gas supplies to Europe in 2022, an attempt to undermine Kyiv's allies ahead of the winter season. However, Western countries managed to quickly reduce their dependence on Russian gas and become self-sufficient.
Gazprom saw its revenue plummet by 41 percent year-over-year in the first half of 2023, while sales profits fell by 71 percent and gas production decreased by 25 percent. Gazprom Group, which also encompasses oil and power businesses, reported a net loss of 629 billion rubles [$6.9 billion] for the previous year.
- Russia and China could be working together on invasion, US intelligence warns
- WW3 fears explode as Vladimir Putin orders Russia to conduct tactical nuclear exercises
Currently, Russia finds itself isolated, with a proposed pipeline to connect it with close ally China estimated to cost around $100 billion - funds it can ill afford to spend. Furthermore, China is not anticipated to require additional gas supplies until after 2040.
These factors, according to experts, leave Gazprom in a precarious position for the foreseeable future. Berlin-based energy analyst Thomas O'Donnell told Newsweek that Gazprom's troubles have demonstrated that Putin's strategy of using Russian gas as a weapon against Europe has backfired, reports the Express US.
For all the latest news straight to your inbox, sign up for our FREE newsletters here.
He stated: "It was intended to shock Europe and force them into submission with an energy war to prevent their acting in solidarity with Ukraine to his surprise, this did not happen."
"Putin has a lot of gas and he can't sell it."
ADevilYouKhow
Rhyme Reason
Russian-held Luhansk in eastern Ukraine attacked twice in one night — Reuters
The Russian-held city of Luhansk in eastern Ukraine came under attack twice within three hours early on Tuesday, officials said, the latest in a series of strikes near the city.
apple.news
88m3
Fast Money & Foreign Objects
Ukraine Fires AIM-9X Sidewinder Missiles from NASAMS
Recently released footage shows an AIM-9X Sidewinder missile being fired from Ukrainian NASAMS fire unit. Ukraine has begun using the AIM-9X Sidewinder
theaviationist.com
US pledges $135 million in aid to Western-leaning Moldova to counter Russian influence
U.S. Secretary of State Antony Blinken has pledged $135 million in aid to Moldova for energy security and to counter Russian disinformation.
apnews.com
88m3
Fast Money & Foreign Objects
NOELREPORTS 🇪🇺 🇺🇦 (@noelreports@mstdn.social)
Attached: 3 images In an attempt to conceal information about the presence of (fighter) aircraft, the Russians are now building hangars so that it is no longer clear from satellite images whether aircraft are stationed there. These are images of Marinovka Air Base in the Volgograd region.
mstdn.social
NOELREPORTS 🇪🇺 🇺🇦 (@noelreports@mstdn.social)
Attached: 1 image Lukashenko signed a law withdrawing Belarus from the Treaty on Conventional Armed Forces in Europe, which was ratified by Belarus in 1992. The treaty established limits on the levels of conventional weapons and equipment, such as tanks, armored fighting vehicles, artillery...
88m3
Fast Money & Foreign Objects
NOELREPORTS 🇪🇺 🇺🇦 (@noelreports@mstdn.social)
The Chinese company Alibaba has stopped accepting payments in Rubles and is no longer delivering parcels to Russia. This is likely due to the threat of secondary sanctions. https://www.kommersant.ru/doc/6729501
mstdn.social
NOELREPORTS 🇪🇺 🇺🇦 (@noelreports@mstdn.social)
⚡️President Biden is considering two tough new countermeasures: punishing China for supplying key technology to Moscow and lifting limits on Ukrainian use of U.S. short-range weapons to attack inside Russia...
mstdn.social
NOELREPORTS 🇪🇺 🇺🇦 (@noelreports@mstdn.social)
⚡️President Biden is considering two tough new countermeasures: punishing China for supplying key technology to Moscow and lifting limits on Ukrainian use of U.S. short-range weapons to attack inside Russia...
mstdn.social
Last edited:
ADevilYouKhow
Rhyme Reason
‘He couldn’t wait to join’: thousands of young Russians die in Ukraine war — Guardian US
Moscow is spending millions to try to mould a new generation willing to give their lives in military service
apple.news
It looks like they finally letting Ukraine strike Russia. This would have probably changed the course of how this war went if they started this earlier. Smh
This slow approach to prevent more of this land grab from a “proven” adversary is something the USA has been lacking from all three administrations.
ADevilYouKhow
Rhyme Reason
Blinken Signals U.S. May Allow Ukraine to Strike Inside Russia With American Weapons — The Wall Street Journal
Secretary of state stopped short of endorsing change, but comments follow statements from European officials urging restrictions be lifted
apple.news
Well, this won't be good
.
The good thing is that Russia hasn't used any chemical weapons, which means that they're wary of NATO intervening.
Still think this ends in a stalemate unless Putins's cabinet turns on him, and the next man up concedes all of their gains.
. The good thing is that Russia hasn't used any chemical weapons, which means that they're wary of NATO intervening.
Still think this ends in a stalemate unless Putins's cabinet turns on him, and the next man up concedes all of their gains.
88m3
Fast Money & Foreign Objects
Pentagon Opens Ammunition Factory to Keep Arms Flowing to Ukraine
A plant still under construction in Mesquite, Texas, will soon turn out 30,000 artillery shells each month, roughly doubling current U.S. output.