Recent content by contricusc

Ukraine will try to fix the oil oversupply issue by decommissioning more Russian refineries and oil export terminals.

Thanks for the follow up, and for pointing out that Article 6 mentions the exceptions and adds the entire teritory of Turkey. He just quoted Article 5 in the initial post, where the text didn’t include anything outside Europe and North America. It was weird to not cover the entire of Turkey...

If you read carefully Article 5, it clearly states that the attack must be in Europe or North America. This means that only Turkey’s European part is covered by Article 5. If Israel were to strike in Ankara, Turkey would not be able to invole Article 5. There is a precedent to that, when...

As more than 99% of ballots were counted, PAS reached 50% of the vote, while the pro-Russian Patriotic Bloc fell to 24%. The pro-EU party got twice as many votes as the pro-Russia party. PAS is projected to have 55 seats in parliament out of a total of 101. This means they will mantain a solid...

After more ballots were counted, PAS increased its share to 48% and the pro-Russians fell to 26%. The current projections show a majority in parliament for PAS, who will be able to govern without the need of a hung-parliament..

Tonight, Moldova voted in parliamentary elections. After about half of the voting sections were counted, Maia Sandu’s pro-EU party (PAS) is leading with 43% of votes, while the pro-Russian alliance (Blocul Patriotic) is second with 29%. It seems that the election will be a great win for the...

While in theory I agree with you, I think that the Western banking system‘s reputation is so low now, that it doesn’t even matter anymore. Ever since the US enacted FATCA and the OECD implemented the CRS, the global banking system has turned into complete trash, with zero credibility. Freezing...

The fact remains that Europe can afford to provide gasoline and diesel to its citizens without any form of rationing, while Russia, the great oil producer can’t. The economic strength of Europe is so big, that it affords to import all the expensive gas it needs, without causing shortages. Yes...

Not as bad as the West? I don’t know of any Western country where gasoline sales are being rationalized. With all the problems we have in Europe, and despite being net importers, there are no shortages of gasoline. In the meantime, in Russia, despite an export ban on gasoline, the shortages are...

Be careful who you want to emulate. Russia is currently at war, and its future is bleak. In a few decades, Russia will disintegrate just like the former Jugoslavia. Turkey is much better than Russia. You should not follow an inferior model.

In Uzbekistan they replaced Lenin’s statue with that of Amir Temur. Major roads and plazas are named after Amir Temur, while nothing of significance is named after anything Soviet. I think they ditched Russia very quickly after becoming independent, and they cultivate their own history and...

They should invest their money at home. Investing in the US will not change the fact that the Trump administration will bully any country at will, with complete disregard for allies, investors or treaties. The GCC countries, Europe, Canada, Australia, Japan and South Korea need to understand...

Ukraine strikes two oil refineries in Russia.

Let’s hope the US will allow Ukraine to use those missiles to hit inside Russia, and target things like oil refineries, which is vital for destroying Russia’s economy, which is the only way to bring an end to the war.

Flights canceled across Russia as Aeroflot got hacked and its servers erased by Ukrainian and Bielorussian hackers. A top floor window may open soon for Aeroflot’s CEO, who apparently didn’t change his password for three years and still used Windows XP servers at the company...