RE: Russia and Ukraine
May 13, 2024 at 4:39 pm
(This post was last modified: May 13, 2024 at 4:42 pm by The Grand Nudger.)
Probably, right?
For context. Gazprom lost 7 billion usd last year, the first net loss in 20 years, while amounting to approx 10% of war funding. Gazprom does not expect to turn a profit this year either, and moscow has already announced that they will be leaning more heavily on gazprom this year (and everyone else, really). The underlying issue is simple. Russia is a gas station with nukes being taken advantage of by it's allies...of which there are few. They're extracting and shipping more product for less money to fewer purchasers...and the only way to turn the graph right side up would be to invest in infrastructure which the russian gas sector has long relied on western entities to build and operate.
In that situation, it's easy to see why you might want an economist running the show, as opposed to a cement baron. Will he be effective, who knows. I'd like to believe that they can't all be completely incompetent. I do think that anyone clever enough to find a way out of this bind is not likely to view the invasion of ukraine as a good place to put those realized gains, though.
For context. Gazprom lost 7 billion usd last year, the first net loss in 20 years, while amounting to approx 10% of war funding. Gazprom does not expect to turn a profit this year either, and moscow has already announced that they will be leaning more heavily on gazprom this year (and everyone else, really). The underlying issue is simple. Russia is a gas station with nukes being taken advantage of by it's allies...of which there are few. They're extracting and shipping more product for less money to fewer purchasers...and the only way to turn the graph right side up would be to invest in infrastructure which the russian gas sector has long relied on western entities to build and operate.
In that situation, it's easy to see why you might want an economist running the show, as opposed to a cement baron. Will he be effective, who knows. I'd like to believe that they can't all be completely incompetent. I do think that anyone clever enough to find a way out of this bind is not likely to view the invasion of ukraine as a good place to put those realized gains, though.
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