Go Back   English Forum Switzerland > Off-Topic > Off-Topic > International affairs/politics  
Reply
 
Thread Tools Display Modes
  #1  
Old 09.11.2017, 13:59
V__ V__ is offline
Banned
 
Join Date: Aug 2010
Location: Lausanne
Posts: 1,321
Groaned at 296 Times in 162 Posts
Thanked 1,392 Times in 659 Posts
V__ has a reputation beyond reputeV__ has a reputation beyond reputeV__ has a reputation beyond reputeV__ has a reputation beyond reputeV__ has a reputation beyond reputeV__ has a reputation beyond repute
Russian gas delivered by American companies despite sanctions

This sounds like a Monthy Python or "Yes Minister" script but no, it's actually true.

While EU have been trying the lessen the russian gas dependences they have successfully, in a true EU bureaucratic manner, achieved exactly that - they instead started buying gas from American companies. Another EU victory. But, the American companies are buying it from Russia and sell it more expensive to the EU

US Commerce Secretary Wilbur Ross owns 35% stake in the American company that delivers the gas He says his company or the company he buys the gas from are not on the sanction list, so nothing to see here folks.

Quote:
Tankers run by US energy corporations are delivering liquefied natural gas (LNG) bought in Russia to the Antwerp Gas Terminal in Belgium, reports Belgian daily Le Soir, as part of an investigation based on the 'Paradise Papers' leak.
On Sunday, the International Consortium of Investigative Journalists (ICIJ), reportedly financed through George Soros funds, released over 13 million documents from the world’s leading offshore law companies. The documents revealed that four cargo ships owned by Navigator Holdings bought gas produced by Russian petrochemical company Sibur.

The LNG was reportedly loaded at the Russian Baltic port of Ust Luga. The financial papers also revealed that US Commerce Secretary Wilbur Ross has a 35 percent stake in Navigator Holdings, which is registered in the Marshall Islands.

Earlier this year, the Russian envoy to the EU Vladimir Chizhov said the US wouldn’t be able to replace Russian gas on the European market even if it were free.

The probe reveals the EU, which is actively building new LNG terminals to lessen its dependence on Russian natural gas, is currently purchasing Russian fuel but at a higher price and technically not from Russia.

Washington seeks to effectively push Moscow out of the European gas market by particularly burying the Nord Stream2 gas pipeline project “with all sorts of legal decisions, instruments [and] sanctions,” Russia’s Prime Minister Dmitry Medvedev said in late September.

Over the last year, the US has increased LNG shipments to Europe, but it still covers roughly only six percent of European LNG imports, challenged by Norway, Qatar and Algeria, and not even taking into account natural gas supplies through other pipelines.
Meanwhile according to Gazprom, Russian share of the total European gas market reached some 34 percent last year. As a result, the US may be testing a new strategy to cut Europe off from Russian gas supplies.

“US companies are ready to search for one-use solutions that bring some profit to them but make it difficult for other states to do business. That characterizes the whole American approach to trade,” said Vladimir Bruter, an expert from the International Institute of Humanitarian and Political Studies, as quoted by Russia’s federal news agency.

In June, Washington introduced a new round of restrictions on Russia’s banking and energy sectors. Apart from imposing new sanctions directly on Russian enterprises, the law also envisages penalties for individuals and entities for investing more than $5 million a year or $1 million at a time in Russian energy export projects. It could also impose penalties on companies providing Russian energy sector enterprises with services, technology or information support.

In legal terms, the current situation is not breaking international or any other laws, but the results are yielding fruit for the US, according to the analyst. “Nothing personal, it is just business. Americans have bought Russian gas at a profit, and now they are selling it at a profit, concurrently trying to drive Moscow out of the energy market,” Bruter said.
https://www.rt.com/business/409028-r...ld-belgium-us/
https://www.rt.com/usa/408936-ross-s...radise-papers/
Reply With Quote
The following 5 users would like to thank V__ for this useful post:
  #2  
Old 09.11.2017, 14:23
gaburko's Avatar
Forum Veteran
 
Join Date: Oct 2011
Location: BL
Posts: 905
Groaned at 144 Times in 99 Posts
Thanked 2,232 Times in 850 Posts
gaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond reputegaburko has a reputation beyond repute
Re: Russian gas delivered by American companies despite sanctions

EU did it again, everyone is a winner! Russians are selling gas, Americans are profiting and Europeans are happy that the sanctions are working! The girl is virgin and pregnant at the same time
Reply With Quote
The following 2 users would like to thank gaburko for this useful post:
  #3  
Old 09.11.2017, 14:38
grumpygrapefruit's Avatar
Forum Legend
 
Join Date: Feb 2007
Location: Zuriwest
Posts: 6,299
Groaned at 38 Times in 37 Posts
Thanked 16,772 Times in 4,381 Posts
grumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond repute
Re: Russian gas delivered by American companies despite sanctions

There's always ways around sanctions. When the EU sanctions against Russia started 2 years ago, I was approached by a UK company and asked if I would like to import so many thousand Kg's of supermarket cheddar every month and sell them on to their customer in Russia from CH (ie outside the EU).

I didn't go ahead in case you are wondering but I guess they found someone somewhere who was interested in a quick but potentially dificult percentage.
Reply With Quote
This user would like to thank grumpygrapefruit for this useful post:
  #4  
Old 09.11.2017, 14:53
Guest
 
Posts: n/a
Re: Russian gas delivered by American companies despite sanctions

Quote:
View Post
I was approached by a UK company and asked if I would like to import so many thousand Kg's of supermarket cheddar every month and sell them on to their customer in Russia from CH (ie outside the EU).
Suddenly the Russian gas thing is clear...
Reply With Quote
The following 6 users would like to thank for this useful post:
  #5  
Old 09.11.2017, 16:21
slammer's Avatar
Forum Legend
 
Join Date: Jul 2009
Location: Lummerland
Posts: 5,210
Groaned at 135 Times in 94 Posts
Thanked 8,972 Times in 3,393 Posts
slammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond repute
Re: Russian gas delivered by American companies despite sanctions

Worked for a Company selling Computer to plate systems (CTP) we had a load of customers in Iran at the time, but as the laser in the CTP devices had plenty of military applications these devices were on the NoNo list. The bosses got round this technicality by selling them to Turkey, who sold them on to Iran....
So perhaps Slammer has had his hands on the Iranian nuke that laminates Zürich one fine day or the SAM that blows your plane out of the sky.
Reply With Quote
The following 2 users would like to thank slammer for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Post delivered my package to someone else by taking their signature. adonbilivit Other/general 38 09.11.2017 17:24
Just moved to Basel! Russian/American peaches3281 Introductions 10 19.01.2013 12:17
Russian & American Food aehrensperge1 Food and drink 16 11.09.2012 23:56
Why are the Gas companies such thieving bastards? grumpygit Daily life 16 13.09.2011 13:01
Millionaire jailed for death by dangerous driving despite not being at the wheel swissotter International affairs/politics 40 07.02.2010 17:33


All times are GMT +2. The time now is 18:34.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0