:''See also: '''[[Green New Deal]], [[Coronavirus]] , [[Biden Putsch]], and [[NATO war in Ukraine]]'''''[[File:WEF 2030.PNG|right|300px|thumb|Quote from [[Ida Auken ]] of the World Economic Forum.]]
'''The Great Reset''' is the [[globalist]], [[Biden junta]] and [[Liberal Party of Canada]] agenda to use the destruction of the U.S. and global economies by the [[coronavirus|Chinese virus pandemic]] and economic sanctions on [[Russia]] to implement the [[World Economic Forum]]'s (WEF) [[Build Back Better]] climate agenda and the [[Green New Deal]]. It is based on the idea that a crisis is a terrible thing to waste and that [[fossil fuel]] consumption can be eliminated once and for all.<ref>[https://www.heartland.org/news-opinion/news/global-elites-announce-great-reset-planand-its-even-more-radical-than-the-green-new-deal Global Elites Announce ‘Great Reset’ Plan—And It’s Even More Radical Than the Green New Deal]</ref> [[Klaus Schwab]], who heads the [[WEF]], began promoting a "Great Reset" throughout 2020.<ref>[https://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/ Now is the time for a 'great reset']</ref><ref>[https://stoppingsocialism.com/2020/06/great-reset-global-economy/ World Leaders’ ‘Great Reset’ Plan for Global Economy Is the Green New Deal on Steroids]</ref> Multiple world leaders also began promoting it.<ref>Multiple references:
*Kent, Simon (January 12, 2021). [https://www.breitbart.com/politics/2021/01/12/no-going-back-u-n-chief-guterres-promises-rebuilt-world-in-coronavirus-wake/ No Going Back: U.N. Chief Guterres Promises ‘Rebuilt’ World in Coronavirus Wake]. ''Breitbart News''. Retrieved July 24, 2021.
{{quotebox-float|"Western partners disregard the basic principles of a [[market economy]], [[free trade]], inviolability of [[private property]], and pursue an irresponsible [[macroeconomic]] policy including the uncontrolled printing of money and accumulation of unsecured [[debt]]."}}
[[File:Bidenflation.jpg|right|350px|thumb|]]
==Import substation==
{{See also|Donbas war|}}
The goal of the Great Reset and the [[NATO war in Ukraine]] was always to woo Germany away from Russia to prevent a German-Russian energy trade relationship and growing economic hegemon to rival the EU and prove no need for the NATO alliance and member states [[military industrial complex]]es.
Michael Whitney writing in UNZ wrote:<ref>https://www.unz.com/mwhitney/the-crisis-in-ukraine-is-not-about-ukraine-its-about-germany/</ref>
{{Quotebox-float|"The [[Ukrainian crisis]] has nothing to do with Ukraine. It’s about Germany and, in particular, a pipeline that connects Germany to Russia called Nord Stream 2. [[Washington, D.C.|Washington]] sees the pipeline as a threat to its primacy in Europe and has tried to sabotage the project at every turn. Even so, [[Nord Stream]] has pushed ahead and is now fully-operational and ready-to-go. Once German regulators provide the final certification, the gas deliveries will begin. German homeowners and businesses will have a reliable source of clean and inexpensive energy while Russia will see a significant boost to their gas revenues. It’s a win-win situation for both parties.
The US Foreign Policy establishment is not happy about these developments. They don’t want Germany to become more dependent on Russian gas because commerce builds trust and trust leads to the expansion of trade. As relations grow warmer, more trade barriers are lifted, regulations are eased, travel and tourism increase, and a new security architecture evolves. In a world where Germany and Russia are friends and trading partners, there is no need for US military bases, no need for expensive US-made weapons and [[missile]] systems, and no need for [[NATO]]. There’s also no need to transact energy deals in US Dollars or to stockpile US Treasuries to balance accounts. Transactions between business partners can be conducted in their own currencies which is bound to precipitate a sharp decline in the value of the dollar and a dramatic shift in economic power. This is why the [[Biden administration]] opposes Nord Stream. It’s not just a pipeline, it’s a window into the future; a future in which Europe and [[Asia]] are drawn closer together into a massive free trade zone that increases their mutual power and prosperity while leaving the US on the outside looking in. Warmer relations between Germany and Russia signal an end to the “[[unipolar]]” world order the US has overseen for the last 75 years. A German-Russo alliance threatens to hasten the decline of the [[Superpower]] that is presently inching closer to the abyss. This is why Washington is determined to do everything it can to sabotage Nord Stream and keep Germany within its orbit. It’s a matter of survival.}}
[[Pepe Escobar]] followed up:<ref>https://thesaker.is/empire-of-bioweapon-lies/</ref>
[[File:EU energy imports.PNG|right|300px|thumb|right|Imports of natural gas from the US to the EU caught up with Russian imports by December 2023.]]
{{quotebox-float|"We should always remember that the ultimate goal in the U.S. plan of training Ukrainians for war since 2014 was to alienate Germany from Russia – as Germany de facto controls Euroland economically.
Imperial control of the oceans allows the Empire to strangle Germany at will into subservience by cutting them off from Russian energy – as the [[British]] did to Germany in [[WWII]] when Britannia ruled the waves. The [[Wehrmacht]] could not supply their mechanized army with fuel. Now, in theory, Germany and the [[EU]] will have to look to the seas – and total U.S. dependency – for their natural resources.
The remote-controlled [[Maidan regime|Kiev regime]] dominated by [[SBU]] fanatics and [[Azov Battalion|Azov neo-Nazis]] is making it even harder – by shutting off all natural gas from Russia through Ukraine into [[Europe]], reducing the flow by more than one third.
That translates as U.S.-enforced [[blackmail]] to force the EU to increase the Ukro-weaponizing against Russia. The practical consequences for Germany and the EU will be dire – in terms of shut down industries and cost of home heating and electrical power."}}
In October 2023 German Bundestag MP Steffen Kotre said Germany should reconsider its decision to abandon Russian energy and resume gas imports through the surviving branch of the Nord Stream pipeline. Kotre argued that Germany now was paying significantly more for gas from alternative sources compared to Russian gas. He highlighted the profitability and environmental friendliness of Russian gas, contrasting it with Germany’s current supplies, primarily liquefied natural gas from the United States produced by the [[fracking]] method. Germany now was paying three to four times more for these supplies, which do not meet the country’s environmental standards.
The resumption of energy flows from Russia through the Nord Stream pipeline could be crucial in preventing deindustrialization in Germany. By providing cost-effective and environmentally friendly gas, it would enhance Germany’s competitiveness and support its industries. Kotre’s call for reconsideration reflected concerns about the economic impact of high gas prices and the need to balance energy security with environmental standards.<ref>https://www.australiannationalreview.com/business/german-mp-argues-in-favor-of-nord-stream-2-for-germanys-economic-benefit/</ref>
==Russian sanctions==
{{See also|Magnitsky Act|Russia-Ukraine warRussian sanctions|War on Energy}}
[[File:Europe is becoming an economic Jonestown.PNG|right|300px|thumb|The [[European Union]] committed economic suicide by blindly following the dictates of NATO & [[Washington, D.C.|Washington]].<ref>https://www.moonofalabama.org/2022/09/the-us-is-winning-its-war-on-europes-industries-and-people.html</ref>]]
In response to Russia's [[Special Military Operationon the territory of Ukraine]] to demilitarize and denazify , first the [[UkraineBiden]], Admin did nothing assuming [[corporateUkraine]] would fall in a week. When that did not happen. The [[globalistBiden]]s began disemboweling themselves. Admin demanded Major oil companies, including Exxon, BP, and Shell, ended joint investment projects with Russian oil companies. Major retailers, including H&M, Nike, Ikea, and TJX, shut down Russian sales and closed stores. Visa, Mastercard, and American Express shut down global services in Russia. Boeing cut off support for Russian airlines and closed its offices in Moscow, while Delta ended its Russian code-sharing arrangement. FedEx and UPS shut services to Russia. Apple, Alphabet (which owns [[Google]]), Meta (which owns [[Facebook]]), and Microsoft all have taken significant action.<ref>https://www.zerohedge.com/geopolitical/whitehead-rise-global-fascism-and-end-world-we-know-it</ref> The Russian population, which is rich in food and energy supplies, likely will not suffer the energy and food shocks the West and the United States cut out for itself with sanctions, although Russians will be deprived of [[Netflix]]. The [[Biden]] Admin and the [[EU]] believed that by waging economic war of sanctions against civilians, with the intent of making the Russian people suffer, they will rise up in the streets to pressure their government to change policy or to overthrow it to alleviate the economic misery.<ref>https://theconversation.com/the-west-thinks-that-russians-suffering-from-sanctions-will-end-up-abandoning-putin-but-history-indicates-they-wont-179075</ref> '''In 2026 five years later, Kyiv with Western money is still fighting,''' and civilians are still dying on both sides. Russia cannot use nukes because it is downwind from [[Ukraine]].
===Moonofalabama==='''Moonofalabamaa pro Russian group''' predicted on the day of the [[special military operation]], "The U.S. is pushing its European 'allies' to commit economic suicide by sanctioning everything Russia. The U.S. should be more careful. It is one of the biggest buyers of Russian oil and its aircraft industry depends on [[titanium]] from Russia. Russia surely knows who is trying to hurt it the most and it surely knows how, and has the means to, hurt back."<ref>https://www.moonofalabama.org/2022/02/disarming-ukraine-day-1.html</ref> Western sanctions against Russia were successful in speeding up an alternative global trading system for 70% of the world economies that continue trading with Russia.<ref>https://theconservativetreehouse.com/blog/2022/06/18/powell-rapid-changes-are-taking-place-in-the-global-monetary-system-that-may-affect-the-international-role-of-the-dollar/</ref>With the enactment of Russian sanctions by [[Washington, D.C.|Washington]] and [[Brussels]], Russia pivoted to [[Asia]].
The [[United States Treasury]] under the [[Biden]] Admin seized Russian assets in the United States and refused to allow the Russian government to pay U.S. bond holders of Russian debt with dollars. The United States slapped over 9,600 sanctions against Russian officials, the state, companies, oligarchs and other entities, more restrictions against it than [[Iran]], Syria, [[North Korea]], [[Venezuela]] and [[Myanmar]] combined. President Putin responded, “The calculation was to quickly undermine the financial and economic situation in our country, to provoke panic in the markets, the collapse of the banking system, and a large-scale shortage of goods in stores...We can say with confidence that this policy against Russia has failed - that the strategy of the economic blitzkrieg has failed...Moreover, the sanctions were not without consequences for the initiators themselves...I am referring to the growth of [[inflation]] and [[unemployment]], the deterioration of economic performance in the United States and the countries of Europe, the decline in the standard of living of the Western peoples and the devaluation of their savings”.<ref>https://news.yahoo.com/wests-economic-blitzkrieg-unsuccessful-putin-153450454.html</ref>These predictions of United States standard of living are responsible for the re-election of [[Donald Trump]] in 2024.
===The Hill===
On op-ed in ''[[The Hill]]'' observed:
{{quotebox-float|"In truth, of the world’s 195 countries only 65 have agreed to join the American sanctions regime — meaning that 130 have refused, including China, India, Brazil, Mexico, Indonesia, most of Asia, Africa and Latin America, countries that together constitute the vast majority of the world’s population. Consider also that the nations the U.S. currently targets with sanctions represent a powerful bloc strongly opposing what they regard as America’s economic [[bullying]]. A striking example of the rejection of U.S. assumptions of dominance was a recent meeting of the world’s leading financial nations — the [[G-20]] Summit — when the U.S. delegation walked out on a speech by a Russian delegate and only three of the other 19 delegations followed suit. All of this tells any objective observer that it is not Russia that is the world’s most isolated superpower but perhaps the [[United States]] itself.<ref>https://thehill.com/opinion/international/3507340-could-russia-win-a-public-relations-war-against-the-west/</ref>}}
On June 20, 2022, it was reported that Russia overtook Saudi Arabia as the number one supplier of crude oil to the world's largest economy, China.
===Initial reaction===
[[File:European Misery Index.jpg|right|400px|thumb|European Misery Index hit an all-time high of 16.5% by October, 2022.<ref>https://www.investmentwatchblog.com/europes-misery-index-unemployment-rate-inflation-rate-is-at-an-all-time-high/</ref>]]
The initial response by Western powers to the February 2022 Russian incursion was described as "shock and awe" sanctions, which unequivocally backfired and culminated in a global [[recession]]. The sanctions seemed more intended as an attack on Western societies dependency on [[fossil fuel]]s in furtherance of the [[climate change]] agenda, rather than to punish Russia for alleged violations of international norms.
The sanctions regime against Russia began in 2012 with passage of the [[Magnitsky Act]] under the false and [[bigot]]ed notion that Russia was just a "gas station with nuclear weapons."<ref>https://www.moonofalabama.org/2022/06/two-big-errors-about-russia-by-helmholtz-smith.html</ref> Sanctions barring Russia from the global shipping insurance market in 2022 destroyed what was left of energy and food supply chains after the [[coronavirus pandemic]]. The sanctions imposed by the US and EU have been referred to by critics as "a controlled demolition of the Western economies."
On March 24, 2022 [[BlackRock]] CEO Larry Fink said that Ukraine war spells end of [[globalization]].<ref>https://asia.nikkei.com/Politics/Ukraine-war/BlackRock-s-Larry-Fink-says-Ukraine-war-marks-end-of-globalization</ref>
[[File:Ukrainian mines.jpg|left|300px|thumb|Ukrainian forces mining their own harbors, restricting export of grain. February 2022.]]
Anti-Russian sanctions did not strengthen, but, on the contrary, undermined the global dominance of the United States and the EU, which the rest of the world began to treat with distrust and apprehension. They dramatically accelerated the transition to a new world economic order and the shift of the center of the world economy away from the West. Three months after the incursion began and sanctions imposed on Russia, the Russian Ruble strengthened from 80 to the dollar to 58.5, more than a 25% rise.<ref>https://i0.wp.com/thedreizinreport.com/wp-content/uploads/2022/05/ruble.5.20.22c.jpg?w=713&ssl=1</ref> The Ruble strengthened even more against the [[euro]]. Russia profited from the American and EU sanctions,<ref>https://www.washingtonexaminer.com/policy/energy-environment/russia-doubles-profits-from-oil-and-gas-sales-to-eu-during-war-study</ref> while the United States and the EU shot itself in the foot under the discombobulated and mistaken notion that they could take Russia down economically, convince the Russian people to rise up, storm the [[Kremlin]], and force Vladimir Putin to resign.
Ukraine, with strategic consultation from NATO, mined its own Black Sea harbors, impeding Ukraine's shipments of grain to the world.
By the first week of May 2022, gas prices for civilian vehicles in Ukraine hit over $12 per gallon, and consumers were limited to 2.5 gals. Deisel fuel for non-military consumption was non-existent, and rail traffic virtually came to a halt, affecting the delivery of food and gasoline.
Meanwhile, the United States and European Union fell into a self-inflicted economic [[recession]] with [[inflation]], [[food]] supply and [[gas]] shortages.
Foreign bond holders of Russian debt instruments were forced to sue the [[Biden junta]] because the junta refused to allow the Russian government to make interest payments to the bondholders in dollars.
Security Council Deputy Chairman [[Dmitry Medvedev]] in a message on social media about Western sanctions said:
{{quotebox-float|"these sanctions are directed specifically against the people of Russia...And no matter what the American and European leaders say about their claims of 'punishing your bosses', and 'we love you, common citizens' - this is pure nonsense...They [[hate]] us all!...At the heart of these decisions is hatred towards Russia - and its people...Hatred towards our [[culture]] - hence the attempt to cancel [[Tolstoy]], [[Chekhov]], [[Tchaikovsky]] and [[Shostakovich]]...Hatred for our [[religion]] - hence the desire to destroy the [[Russian Orthodox Church]] and impose sanctions against its patriarch...And it has always been this way."<ref>https://tass.com/world/1458507</ref>}}
A new '''[[G8]]''' was created consisting of non-Western countries whose economies were not collapsing as a result of the Western self-imposed sanctions against Russia. The member countries are Brazil, China, India, Russia, Indonesia, Iran, Turkey and Mexico.
''[[The Hill]]'' reported on June 15, 2022, that Biden regime officials admitted Russian sanctions didn't work To stop Putin, worsened inflation and food insecurity, and punished ordinary people.<ref>https://youtu.be/t_3aUlcIvyU</ref>
Six months into the incursion, the Ukrainian economy had contracted 50%, defaulted on its debt, and faced a major [[hyperinflation]] crisis.
After a deal was reached to facilitate Ukrainian grain shipped from the Port of Odessa to the global south to alleviate [[famine]], the bulk of Ukrainian grain was shipped to Europe and not to [[Africa]].<ref>https://strategic-culture.org/news/2022/08/19/the-geopolitics-of-wheat-is-there-a-grain-of-truth-in-any-of-it/</ref>
By September 2022, Ukrainian [[unemployment]] hit 30%.
By February 24, 2023, the anniversary of the incursion into Ukraine, not only did Russia withstand the economic assault, but the sanctions boomeranged — hitting the very countries that imposed them.<ref>https://consortiumnews.com/2023/02/23/winning-losing-the-economic-war-over-ukraine/</ref> Joe Biden predicted that the U.S. would see that “the ruble will be reduced to rubble.” And that “the most stringent sanctions regime in history” was going to “weaken” Russia, perhaps even leading to Putin’s overthrow. In 2022 the ruble reached its highest exchange rate in history. Russia’s 2022 trade surplus of $227 billion was up 86 percent from 2021. The U.S.’ trade deficit over the same period rose 12.2 percent, and is approaching $1 trillion.<ref>[https://consortiumnews.com/2023/02/28/ukraine-the-tunnel-at-the-end-of-the-light/ Ukraine: The Tunnel at the End of the Light], Robert Freeman, February 28, 2023 ''[[Consortium News]]''.</ref>
====Foreign reserve holdings====
Russia's foreign reserve holdings stood at a historic high of $643.2 billion on February 18, 2022 with more than $300 billion, held outside the country.
Russia imported a lot of technology and other technologies from the Western economic sphere. To pay for these purchases, Russia has been forced to use Western-controlled currencies. Especially the [[dollar]] and the [[euro]]. By freezing these deposits, [[the West]] calculated that Russia wouldn’t be able to access these deposits, and thereby would lose a huge amount of money. This would hinder further Western imports into Russia.
However, the West did not anticipate that Russia has been preparing for import substitution since 2014. This preparation was one of the responsibilities of then prime minister [[Dmitri Medvedev]]. Russia prepared well and has been able to switch to indigenous products pretty quickly. What it couldn’t produce on its own, either due to technology or capacity, it procured from partners like China. Russia and China are able to trade outside of the Western system, using their own currencies. This is because Russia expected to be cut off from the [[SWIFT]] network, and trade in dollars and euros didn’t make much sense anymore.
Russia knew it would be cut off from the Western trade system and SWIFT. There was no point in maintaining these reserves in dollar and euro. However, getting rid of the money in advance would be suspicious. The solution was to buy most of the Western industrial assets in Russia. There were a lot of Western industrial enterprises in Russia before the NATO war in Ukraine. They invested in Russia’s economy by building factories and employing people.
Russian money deposited in the West is no longer usable by Russia (therefore the contingency plan), and Russia predicted that the West would be idiotic enough to freeze and confiscate it. The freeze bestowed a huge benefit to Russia and the [[multipolar]] world. It exposed the Western currencies as Western weapons that can be used against anyone in the multipolar world who doesn’t want to comply with the West’s “[[rules-based order]]”. The West-imposed freeze was the “kick-off” of the end of the [[petrodollar]] system.
====Forced default====
By denying Russia access to the SWIFT payment system for money transfers between international banks, Biden and the European Union denied Russia of its ability to make payments to bondholders of Russian foreign debt, although Russia had the ability to pay. Much of that debt was held by pension funds in the United States and European Union. Hence the workers and people dependent on pensions in the United States and European Union were punished by EU leaders and Biden, leaving Russia little affected. Additionally, Biden and EU leaders seized - virtually stole without any legal basis or international court judgement - Russian assets outside of Russia. Most of these assets by far were held in [[Europe]]: the largest portion is managed by [[Belgium]]-based [[Euroclear]] central securities depository,<ref>https://youtu.be/jC836jvKpAw</ref> which holds between $190 to $208 billion. [[France]] held up to $71 billion in Russian Central Bank assets, but there's suspicion that the [[Macron]] regime already helped themselves to much of that [[money]]. According to figures in 2025, only about $26 billion of the Russian money remained in French custody, while the [[UK]] held about $37 billion. At the same time, the [[US]] portion is estimated at only $5 billion to $8 billion, primarily in [[debt]] securities and [[cash]].<ref>https://alexkrainer.substack.com/i/171283792/the-coalition-of-the-willing-goes-to-washington</ref>
===Fertilizers===
{{See also|War on farmers}}
[[File:Ammonia pipeline.PNG|right|300px|thumb|Ammonia pipeline from Russia to Odessa for the production of fertilizers.]]
The problem with burning more natural gas for electricity means less available for fertilizer production.
According to data from the [[World Bank]], the combined Gross Domestic Product (GDP) of the European Union was just over $17 trillion US dollars in 2021. According to analysts for [[Goldman Sachs]], it was estimated that households within the EU will pay an additional $2 trillion for electricity in 2023. That scale of energy cost will out 12% of the purchasing strength within the total EU economy, leaving Europeans with only enough to buy food and energy and nothing else.<ref>https://theconservativetreehouse.com/blog/2022/09/06/wow-europe-household-electric-bills-estimated-to-jump-by-2-trillion-next-year-thats-12-of-their-gdp/</ref>
====GasNatural gas====On February 7, 2022 [[Michael Hudson]], a research professor of Economics at University of Missouri, Kansas City, wrote:
{{quotebox-float|"The only way left for U.S. diplomats to block European purchases [of Russian gas] is to goad Russia into a military response and then claim that avenging this response outweighs any purely national economic interest. As hawkish Under-Secretary of State for Political Affairs, [[Victoria Nuland]], explained in a State Department press briefing on January 27 [2022]: “If Russia invades Ukraine one way or another [[Nord Stream 2]] will not move forward.” The problem is to create a suitably offensive incident and depict Russia as the aggressor.<ref>https://www.nakedcapitalism.com/2022/02/michael-hudson-americas-real-adversaries-are-its-european-and-other-allies.html</ref>}}
{{Anchor|Druzhra pipeline}}
[[File:Druzhra pipeline.jpg|right|300px|thumb|Druzhra pipeline]]
After being kicked out of the SWIFT payment network and the [[petrodollar ]] system in which global crude oil contracts are valued in dollars, Putin announced all gas contracts with “unfriendly” countries must pay for Russian gas in rubles. Since all the large Russian banks are sanctioned, buyers in "unfriendly" countries must find smaller Russian banks to work with, meaning they won’t get the best rates, and there will be other transaction costs and inconveniences. ''[[Bloomberg News]]'', ''[[The Wall Street Journal]]'' and many thinktanks said for decades that Russia's biggest problem was eighty to a hundred billion dollars a year leaking out of the country as the rich took their profits to [[London]], [[Cyprus]], or [[Switzerland]]. Sanctions ended those capital outflows, and recapitalized Russia’s banking system. All the new demand for Russian currency is expected to lift the ruble above where it was when sanctions hit, literally making Russia profit from sanctions.
On May 10, 2022 ''[[Reuters]]'' reported that Ukraine announced it would close the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe through Ukraine.<ref>https://www.reuters.com/business/energy/ukraine-gas-system-operator-declares-force-majeure-sokhranivka-entry-point-2022-05-10/</ref>
Not long after the U.S. convinced its European satellites to boycott Russian liquified natural gas (LNG) and buy it from the U.S. at a much higher price, a fire put a [[Texas]] plant, which processed LNG for export, offline.
Joe Biden, who on the day he seized power limited America's productive oil capacity, reversing America's role as the largest exporter of oil to a net importer again, announced America was at war and wrote to American oil companies on June 15, 2022 demanding they increase production: "At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable”.
In August 2022, Ukraine shut off the flow of Russian gas to Europe through the Southern Deuzhba pipeline.<ref>https://www.reuters.com/business/energy/russia-suspends-oil-exports-via-southern-leg-druzhba-pipeline-due-transit-2022-08-09/</ref>
In October 2022 ''Politico'' reported that French Finance Minister Bruno Le Maire told the French National Assembly,
{{quotebox-float|"We must not allow the conflict in Ukraine to result in American economic domination and a weakening of Europe...We cannot accept that our American partner sells its LNG at four times the price at which it sells it to its own companies."<ref>https://subscriber.politicopro.com/article/2022/10/frances-le-maire-warns-against-american-gas-domination-00061111</ref>}}
====Crude oil====
Up until the early 21st century, a robust import/export trade of diesel and gasoline existed between the U.S. and Europe. Economically, that trade flow could accommodate the [[logistics]] costs of shipping finished products across the Atlantic Ocean, and the excess diesel in the U.S. was absorbed by the European market, and the reverse flow for gasoline was profitable for European refiners. Within the last decade or so, Europe has begun to legislate the diesel-powered car out of existence, so the diesel flow from the U.S. has shifted to other continents, such as South America.
Europe, on the other hand, needs more gasoline than in the past, as sales of petrol-powered cars have surpassed 70% of total automobile sales in some EU countries. And Europe must find markets for the excess diesel produced by their heavy-crude refineries.
In addition to this destabilizing trend that started in the 2010s, a further upheaval arrived in 2022 with discussions to ban Russian crude in the EU because of the “war” in Ukraine. Some EU countries objected to a ban because they are landlocked and rely on pipeline deliveries, thus they do not have logistical alternatives. Others objected to an outright ban because of the fear of skyrocketing crude prices worldwide, and fears of the effect that would have on world economies.
Ultimately, the G7 settled on the idea of a price cap on Russian crude. Because of the objections of the EU countries stated above, they were exempted from the cap mechanism by imposing the cap on waterborne shipments of crude only. But Germany, the Netherlands, Italy, and other EU countries would be affected because they have historically relied on Russian crude, and their refineries were “tuned” to Russian (Urals) crude. And these countries were not exempted from implementing the cap.
Since a large number of the refineries that purchased Russian crude were built to process that type of oil, they encountered difficulty in finding alternate supplies that match the Urals blend from Russia.
Joe Biden, who on the day he seized power limited America's productive oil capacity, reversing America's role as the largest exporter of oil to a net importer again, announced America was at war and wrote to American oil companies on June 15, 2022 demanding they increase production: "At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable”.
After the EU passed an anti-[[free market]], Soviet-style price cap of $60 per barrel on Russian [[crude oil]] in early December 2022, ''[[The Economist]]'' magazine commented, "“The European Union oil price cap may result in violent spikes...Everything depends on how Moscow responds...The Kremlin could cut its oil exports, relying on a smaller group of non-Western tankers and insurers, and sending global prices spiraling”. [[BP]], formerly known as British Petroleum before going global, owns a 19.75% share of the Russian energy giant [[Rosneft]]. In December Rosneft paid BP a £580 billion pound sterling dividend payment (USD $712 billion). Ukrainian dictator Volodymyr Zelensky called the money paif to the NATO ally which was supplying lethal weapons to the Zelensky regime, "blood money."<ref>https://www.theguardian.com/business/2022/dec/02/bp-shares-in-kremlin-oil-firm-are-blood-money-says-zelenskiy-adviser</ref>
====Shale oil====
Shale oil comes from [[fracking]]. The best geological prospects to increase oil production lie with the huge Bazhenov shale oil formation in [[Siberia]].<ref>https://archive.ph/QyLIH#selection-2023.219-2023.361</ref> A November 2022 article in oilprice.com announced, ''The U.S. Shale Oil Boom Is Officially Over.<ref> https://oilprice.com/Energy/Energy-General/The-US-Shale-Boom-Is-Officially-Over.html</ref>
====Deisel====
*lifted sanctions on Russian pharmaceutical and medical products;
*reopened the rail link from Belarus to [[Kaliningrad]].
==Financial==
===Inflation===
Fearing [[hyperinflation]] in Ukraine, Germany announced it would end its program that offered a fixed exchange rate of the Ukrainian hryvnia to euros on October 30, 2022.<ref>https://edition.cnn.com/europe/live-news/russia-ukraine-war-news-10-17-22#h_47b236b8307bbfa77f140327d1cbc64e</ref>
==Global impact==
European Union and American sanctions that banned shipping and their insurance companies from transporting Russian exports of energy and food had a devastating impact on the economy of people living in Africa, Latin America and Asia.
===Emerging multipolar world===
[[Kremlin]] spokesman [[Dmitry Peskov]] gave an extended interview to ''Izvestia'' that was published on February 28, 2023.<ref>https://iz.ru/1476223/petr-marchenko-evgeniia-chukalina-liubov-lezhneva/poka-nikakikh-predvybornykh-nastroenii-net-u-putina-del-mnogo</ref> Peskov stressed:<ref>https://korybko.substack.com/p/10-takeaways-from-kremlin-spokesman</ref>
* The emerging [[multipolar]] world order will be slow and painful due to America’s aggressive opposition to this trend.
* Despite [[the West]] making a mockery out of the [[UN]] with their illegal sanctions that were promulgated outside of that global body’s [[Security Council]], it nevertheless retains a central role in [[International Relations]] since it’s the only structure that can help balance and stabilize affairs across the world.
* De-dollarization and decline of the [[Petrodollar]] is irreversible but will also take time to fully unfold. The US seizure of Russia’s foreign assets destroyed everyone’s faith in the dollar.
* The West’s economic warfare failed to catalyze Russia’s collapse.
===Ukraine===
By mid-November 2022 nearly half of Ukraine's electrical and natural gas infrastructure, built by the former Soviet Union which the Ukrainian government despises and wants to eradicate every last vestige, was wiped out. [[Kremlin]] media advisor Sergey Savchuk observed, "the time for jokes is over and Russia is ready to continue to carry out forced decommunization, disabling the legacy of the Soviet Union, so hated for modern Ukraine."<ref>https://ria.ru/20221118/ukraina-1832336124.html</ref> [[GDP]] was reported to have fallen by 41%,<ref>https://www.yahoo.com/video/russian-missile-strikes-estimated-caused-145200424.html</ref> and inflation accolated to 26.6% annually.<ref>https://english.nv.ua/amp/inflation-continues-to-accelerate-has-reached-26-6-ukraine-news-50289605.html</ref>
===China===
In mid-October 2022 [[China]] barred the reselling of natural gas imports from Russia and the United States to the European Union.<ref>https://oilprice.com/Energy/Natural-Gas/China-To-Stop-Reselling-LNG-To-Europe.html</ref>
In May 2024 the ''Asia Sentinel'' reported China underreports [[Iranian]] [[Crude oil|crude]] buys, thwarting US sanctions.<ref>[https://www.asiasentinel.com/p/china-underreports-iranian-crude China Underreports Iranian Crude Buys, Thwarting US Sanctions], By: Tim Daiss, ''Asia Sentinel'', MAY 24, 2024. www.asiasentinel.com</ref>
===India===
Personally speaking, in a way, the journey for both of us started at the same time. I first met you [Mr. Putin] in 2001, when you were working as the head of the government and I had started working as head of the state government. Today, it has been 22 years, our friendship is constantly growing, we are constantly working together for the betterment of this region, for the well-being of the people. Today, at the SCO Summit, I am very grateful to you for all the feelings that you have expressed for India."<ref>https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1859972</ref>}}
India's fuel sales to [[Europe]] jumped by around 137% since the imposition of [[Russian sanctions]].<ref>https://alexkrainer.substack.com/p/the-triad-emerges-eu-probes-depths</ref>
===Sri Lanka===
===Bangladesh===
Riots erupted in August 2022 in [[Bangladesh]] to protest a 50% increase in gas as result of [[European Union]] sanctions on Russia.
===United Arab Emirates===
Russia’s [[Rosatom]] and [[Dubai]]’s DP World, one of the globe’s largest logistics companies, inked a deal in early November 2023 to establish a joint venture to develop container shipping along the Northern Sea Route (NSR). DP World operates more than 80 container terminals in 40 countries accounting for 10 percent of global container shipping by volume.<ref>https://www.highnorthnews.com/en/russia-inks-deal-dubais-dp-world-develop-arctic-container-shipping</ref>
===United Kingdom===
An email sent from [[Hunter Biden]] to his business partner [[Devon Archer]] on April 13, 2014 contained information from a classified [[State Department]] memo one week before Joe Biden visited Ukraine to meet prime minister [[Arseniy Yatsenyuk]]. The email predicted an escalation of Russia’s “destabilization campaign, which could lead to a full scale takeover of the eastern region, most critically [[Donetsk]]":
{{quotebox-float|“The strategic value is to create a land bridge for [[Russia|RU]] to [[Crimea]]. That won’t directly affect [[Burisma]] holdings but it will limit future [[UK]] exploration and utilization of offshore opportunities in particular.
It will also result in further destabilization of UK nationally and for whatever govt is in power. And the US will respond with even stronger sanctions. Those sanctions will threaten the tenuous support of the [[EU]] which does not have the political will to incur steep energy price increases.”<ref>https://nypost.com/2023/01/22/theres-no-hiding-bidens-fright-over-classified-document-scandal/</ref> }}
As a result of the UK self-imposed sanctions against itself, average household energy expense occupied 20% of median household income.<ref>https://www.investmentwatchblog.com/average-annual-uk-household-energy-bill-set-to-hit-6600-in-spring-2023-up-500-from-last-winter-for-reference-the-median-full-time-salary-in-the-uk-is-31000-per-year-before-tax/</ref>
According to the London ''Sunday Times'', the UK has been bypassing its own sanctions on Russian oil. Russian-origin oil shipments, worth about £200 ($236) million, were reportedly delivered to UK ports after ship-to-ship transfers, a practice widely used when large tankers that are unable to dock due to their size transfer their cargo to smaller vessels. The UK has purchased at least 39 shipments of Russian oil since February 2022, although the cargoes were registered as imports from other countries, the ''Sunday Times'' reported, citing tanker traffic data and trade statistics.<ref>https://geopolitics.co/2022/11/21/uk-bypassing-its-own-sanctions-on-russian-oil/</ref> ===NetherlansNetherlands===By October 2022, inflation in the [[Netherlands]] reached 17%.<ref>https://youtu.be/d15h0-V9dxo</ref> On October 24, 2022 it was reported that the Netherlands broke ranks with the US and EU and issued 91 waivers against Russian sanctions.<ref>https://nltimes.nl/2022/10/24/netherlands-issued-91-waivers-sanctions-russia</ref>
===Germany===
[[File:Robert Habeck.PNG|left|300px|thumb|German [[environmentalist]] and [[Green party]] Finance and Economic Minister [[Robert Habeck]] bowing to the [[Qatar]]i Trade Minister, begging for more [[fossil fuel]] imports after the [[EU]] imposed [[Russia sanctions]].<ref>https://youtu.be/3BU3MudND8Q</ref> ]][[File:German food inflation.jpg|right|350px|thumb|German food inflation 9 months into [[Russia sanctions]] regime.<ref>https://www.investmentwatchblog.com/german-food-inflation-at-21-yoy-consumer-confidence-at-a-very-low-point/</ref>]]In January 2022, [[Germany ]] closed half of its six remaining nuclear power plants despite rising energy costs. Germany's lofty sustainable climate utopia goals did not include plans on how to replace the energy that was being provided by its safe, clean and reliable nuclear power plants.<ref>https://catalyst.independent.org/2022/01/28/germany-shutters-nuclear/</ref> On June 20, 2022 Germany announced it would fire up carbon producing [[coal]] burning electrical plants once again to compensate for the U.S.-mandated loss of Russian LGN and in order to charge the growing demand for electric vehicles which were supposed to reduce carbon emissions.<ref>https://www.cnbc.com/2022/06/20/ukraine-war-germany-turns-to-coal-as-russia-throttles-gas-supplies.html</ref>
[[Hanover, Germany]] became the first major metropolitan area to try and reduce the use of natural gas by removing hot water from public buildings. Other measures include switching off public fountains and blacking out night-time lights on major buildings. The head of the Bundestag Committee on Energy and Climate, Klaus Ernst, in an article published in the ''Berliner Zeitung'' wrote, “Energy sanctions against Russia turned out to be a serious mistake! A major recession is inevitable. Threatening the energy supply of Europe’s largest economy is hara-kiri, it harms citizens and industry and does not help Ukraine in any way."<ref>https://oopstop.com/the-bundestag-called-sanctions-against-russia-hara-kiri-for-germany/</ref>
Annalena Baerbock, the Foreign Minister of the alleged "democratic" nation of Germany, speaking of the the weapons that Germany has given to Ukraine to allegedly defend "democracy", said in English to a globalist conference, "If I give the promise to people in Ukraine, 'we stand with you as long as you need us', then I want to deliver, no matter what my German voters think, but I want to deliver to the people of Ukraine."<ref>https://www.theamericanconservative.com/german-foreign-minister-let-my-people-freeze/</ref>
[[File:German manufacturing July 2023.PNG|right|300px|thumb|One year into Russian sanctions, German manufacturing approached the lows seen in the [[2008 financial crash]] and the 2020 [[covid lockdown]]s.]]German Producer Prices went from 7.9% to 45.8% in August 2022, effectively turning the country into a [[Third World]] nation, and completing the suicidal path the German government and [[Green Party]] set the country on by blinding blindly following U.S., E.U., and NATO [[diktat]]s in the sanctions war against Russia.<ref>https://theconservativetreehouse.com/blog/2022/09/20/auchtung-producer-prices-in-germany-jump-7-9-percent-in-august-to-45-8-percent-highest-jump-in-prices-in-history-of-german-economy/</ref>
On September 16, 2022 Germany dispensed with [[capitalism]] and [[democracy]] when it seized the private assets of [[Rosneft]].<ref>https://theconservativetreehouse.com/blog/2022/09/16/panicked-germany-seizes-russian-energy-company-rosneft-uses-national-trusteeship-to-control-oil-refinery-the-current-economic-outlook-of-europe-full-state-control-of-critical-energy-production/</ref>
On May 26, 2023 ''[[Politico]]'' reported:
{{quotebox-float|"Not so long ago, Germany was Europe's powerhouse: wealthy, booming, politically strong…But the mighty have fallen...And it's not hard to see why this is giving the rest of the eurozone a bad case of the jitters…After all, if its largest member is struggling, it risks dragging the whole lot of them down with it...Germany is by far the eurozone's biggest economy, accounting for almost 30 percent of the bloc's economic output…It is the largest trading partner of more than half of the EU's 27 countries”.<ref>[https://www.politico.eu/article/germany-olaf-scholz-europe-eurozone-slipped-into-recession-and-everyone-should-be-worried/ Germany’s slipped into recession and everyone should be worried], BY JOHANNA TREECK, MAY 26, 2023. ''Politico''.</ref>}}
===Austria===
Natural gas prices surged 119% in October 2022 in [[Austria]] due to Russia sanctions and the sanctions replacement of Russian natural gas with American natural gas.<ref>https://thepressunited.com/updates/austrian-energy-prices-more-than-double/</ref>
===Switzerland===
[[Switzerland]] will jail anyone who heats their home above 19 degrees Celius for up to 3 years.<ref>https://www.breitbart.com/europe/2022/09/08/great-reset-switzerland-threatens-to-jail-people-who-heat-their-homes-too-much-in-the-winter/</ref> In December 2022 Switzerland announced a ban on electric vehicles to preserve electricity and avoid black outs.<ref>https://www.dailymail.co.uk/news/article-11494991/Switzerland-BAN-electric-cars-roads-power-shortages.html</ref> Virtually all Western regimes were recommending consumers to purchase electric vehicles just a few months earlier, to ease the impact of higher costs caused by the self-inflicted harm Western regimes did to themselves by sanctioning fossil fuels.
===Poland===
In August 2022, Inflation has taken a heavy toll on the government economy of [[Poland]] as a result of Russia sanctions, increasing from 15.6 percent in July 2022 to 16.1 percent in August, a new 25-year high. Poland then signed an oil deal with Russia, disregarding EU sanctions, and even imported coal. In August the government urged citizens to go into state forests and begin gathering firewood from the forest floor for the winter, but ordered them not cut down any trees.
===Slovakia===
On September 27, 2022 [[Slovakia]]'s prime minister Eduard Heger is reported to have said that soaring electricity costs had left the country's economy at risk of "collapse".<ref>https://www.reuters.com/markets/europe/soaring-power-costs-leave-slovakia-economy-risk-collapse-pm-tells-ft-2022-09-28/</ref>
On December 15, 2022 the Slovak government's support for Russia sanctions and aid to Ukraine suffered a no confidence vote in parliament and fell.
===Hungary===
On November 15, 2022 [[Hungary]] received notification from Ukraine that the power station near Druzhba pipeline in Ukraine was damaged and the pipeline will be shut down.
In February 2023 President [[Victor Orban]] observed, "Sanctions have pulled over €10 billion out of the pockets of Hungarians...The punitive measures were supposed to hit Russia, but hit Europe...Leaders of the bloc were seeking to end to the conflict in Ukraine, but a year has passed, and this has not happened...We did not deprive Russia of resources, we gave Russia even more money, and Russian energy supplies, in monetary terms, grew by 70%”.<ref>https://m-diplomat.ru/en/politics/hungary-reveals-cost-of-anti-russia-sanctions/?ysclid=ledtzse9ei927336743</ref>
===Finland===
===Peru===
On April 5, 2022 the leftist regime in [[Peru]] imposed a state of emergency after riots erupted over [[inflation]] and food shortages.<ref>https://www.investmentwatchblog.com/state-of-emergency-in-peru/</ref> The US ambassador in Peru, Lisa Kenna, worked for the [[CIA]] for 9 years, as well as the [[Pentagon]]. One day before the December 7, 2022 [[coup]] against [[democracy|democratically]] |elected President Pedro Castillo, Kenna met with Peru’s defense minister, who then ordered the military to turn against Castillo.<ref>https://youtu.be/QhVdgvgCBtA</ref>
===Japan===
By September 2022 Japan increased its purchases of liquified natural gas (LNG) by 200%.
In the 2nd and 3rd quarters of 2022 (Apr.-Sept.) Japan's [[trade deficit]] with Russia increased 165%,
The Japanese edition of JB Press published an article that Western sanctions did not affect the economic cooperation between Japan and Russia. Rather, this cooperation only became closer and stronger. The export of goods from Japan to Russia in value terms at the end of 2022 significantly exceeded the volume of exports in 2021. Over the 12 months of 2022, Japanese companies supplied goods to Russia worth 1.825 billion Japanese yen. For the whole of 2021, the export of Japanese goods to Russia amounted to 1.550 billion yen. Even excluding December, the growth of Japanese exports to Russia in 2022 amounted to 17.5%. This figure looks surprising against the backdrop of the mass exodus of Japanese companies from the Russian market. German exports in November 2022 compared to November 2021 fell by 53% while Japanese exports to Russia grew.
Japanese cars have become the main item of Japanese export to Russia.
With regard to Russian exports, the Japanese government achieved benefits for Japanese companies when buying Russian oil and liquefied gas. Sanctions do not actually apply to the supply of Russian energy resources. The Japanese authorities, unlike their American and British counterparts, have refused to dispose of profitable assets in the Russian oil and gas projects [[Sakhalin-1]] and [[Sakhalin-2]]. According to Japanese economists, this allowed Japanese companies to save more than $20 billion and continue to receive Russian energy resources on preferential terms.
It is reported that the abandonment of Russian LNG will increase the cost of gas imports by Japanese companies by 35% of current costs.
Japanese authorities did not follow the example of American officials who imposed a ban on the import of Russian seafood. The Japanese government has said supplies of Russian salmon, crabs and sea urchins are critical to the fishing industry.
In late August 2023, China imposed a ban on imports of all seafood from Japan in response to [[Tokyo]]’s discharge of treated radioactive wastewater from the stricken [[Fukushima]] nuclear power plant into the ocean. China had long been Japan’s largest seafood customer, with imports of marine products reaching almost $500 million dollars in 2022. Russian seafood suppliers from the [[Kamchatka]] region stepped in to fill the void from Chinese demand. In response, the [[G7]] called of a repeal of the ban and for China to accept [[radioactive]] seafood.<ref>https://www.scmp.com/news/asia/east-asia/article/3239580/g7-calls-japanese-food-bans-be-immediately-lifted-after-chinas-curbs</ref> The Biden regime [[Department of Defense]] then began bulk buying of radioactive seafood from Japan to feed to US service personnel in an attempt to offset Japan's loss of the Chinese market.<ref>https://www.axios.com/2023/10/30/us-military-japanese-seafood-china-import-ban</ref>
In December 2023 thousands of tons of dead fish were reported to have washed ashore after release of the radioactive Fukushima water.<ref>https://citizenwatchreport.com/thousands-of-tons-of-dead-fish-washing-ashore-after-release-of-fukushima-water/</ref>
===Iraq===
January 29, 2024 one day after the Tower 22 attack, the US announced sanctions on [[Iraq]]’s Al-Huda Bank which does business with [[Iran]], accusing it of financing terrorists. The Iraqis responded:
:''"The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US sanctions on the Iraqi banking system."''<ref>https://thecradle.co/articles/iraqi-parliament-calling-to-ditch-us-dollar-for-oil-trade</ref>
===United States===
In December 2022 an electric Jeep maker announced plans to close its [[Illinois]] plant and move to [[Mexico]].<ref>https://theconservativetreehouse.com/blog/2022/12/11/maker-of-electric-jeep-vehicles-closing-illinois-plant-and-moving-to-mexico/</ref>
==CCP global pandemic==
* [[Justin Trudeau]]
*[[Bug eating]]
* [[Yuval Harari]]
==References==
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[[Category:Coronavirus]]
[[Category:Communism]]
[[Category:Biden Junta]]
[[Category:Socialism]]
[[Category:Starmer regime]]
[[Category:Fascism]]
[[Category:Liberalism]]
[[Category:Globalism]]
[[Category:Environmental lunacy]]