The ruble has lost 1/3rd of its value vs. the yuan, but if you factor in OTHER extra costs...
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China strongly limits Russian access to tech in mech. engineering, aviation, and microelectronics.
"...they openly tell us: if you want to get some technologies, buy the product as a whole. We say: no, at best we need components that we'll replace soon. They tell us: we understand this, but aren't going to do it at normal prices. Here is double the price - please.&…
Is "decentralizedwashing" a term yet? See recent #bluesky discussions like: https://social.wildeboer.net/@jwildeboer/113487613965056474
After discussing the possibility for several months, European nations are finally forming a unified barrier of insurance checks and enforcement around areas where Russia's shadow fleet operate... a very important development, as it either will deprive them from the ability to keep evading sanctions, or significantly increase the costs and risks of doing so.
Big ramifications. This could have a major impact on Russia's recent long term oil delivery deal with India, i.e.