Comments by "Winston Smith" (@winstonsmith935) on "Sky News"
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Lambs to the slaughter, still give them full marks for trying to save their country, which is more than anything I’ve seen the West offer. Freezing bank accounts isn’t going to work, because the Western Corporate Sector has much investment in Russian Commodities.
But why did nobody sanction Russian oil or gas or metals? First, there are a lot of big, important Western companies working in Russian oil and gas and metals. Second, Russia is a major global commodity supplier and sanctions would disrupt an already shaken global economy.
Here is what was not Sanctioned
ALUMINIUM: Rusal produced 3.8 million tonnes of aluminium in 2021, about 6% of the estimated world production.
COPPER: Russia produced 920,000 tonnes of refined copper last year, about 3.5% of the world total, according to USGS, out of which Nornickel produced 406,841 tonnes. Asia and Europe are the main export markets.
NICKEL: Nornickel is the world's top producer of refined nickel. It produced 193,006 tonnes in 2021 or about 7% of global mine production estimated at 2.7 million tonnes. It sells to global industrial consumers under long-term contracts.
GOLD:Russia is the world's third largest producer of gold after Australia and China and accounts for about 10% of global mine production, which according to the World Gold Council totalled 3,500 tonnes last year.
FERTILIZERS: Russia is a major producer of potash, phosphate and nitrogen containing fertilisers - key crop and soil nutrients. It produces more than 50 million tonnes a year of the fertilisers, 13% of the global total.
WHEAT: Russia is the world's largest wheat exporter, with Turkey and Egypt among its main buyers.
The global market fears supplies could get disrupted if the conflict between Russia and Ukraine escalates and affects commercial shipping in the Black Sea, the main wheat export route of the two countries..
And Russia will Control That with Ease.
The bogeyman in the room, nobody is Talking about, Major oil companies in the world hold 10 to 20% stake in Russian Oil, and Commodity Companies hold up to 25% shares in the above Commodities, so who really gets hurt, the Western companies will not allow this, and that’s why Sanctions won’t work.
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