EU approves Russian oil compromise – pipeline deliveries however no tankers

E.U. agrees to part out Russian oil however exempts pipeline deliveries …from the Washington Put…

E.U. agrees to part out Russian oil however exempts pipeline deliveries

…from the Washington Put up

[ Editor’s Note: The EU grifters had to work a deal with Hungary’s Victor Orban who gets all of his oil from the Russsian pipeline. With 27 members in the EU, one angry country, or the one getting screwed and block the required unanimous vote needed.

The public spin bull shit continues, with the EU crowing about how no oil deliveries by sea will hurt the Russian economy. This will now still have the EU batting zero on the validity of all its sanction claims effectiveness.

These are the same idiots who when they had a $100 billion trade surplus with Russia that was a big buyer of its goods, killed that to look tough when Russia was just paying for all those EU imports with the money it received on it gas exports to the EU, a situation many other countries would like to have.

But all that said, the EU dummies are acting like Russia will not be able to sell the oil they won’t buy to someone else. So here we are in 2022, and so-called free and democratic EU countries continue to pile whatever bullshit onto their respective publics over geopolitical controversies to cover their incompetency.

Note below that the Russian total oil and gas revenues are the same as before the current hostilities due to the higher prices it is getting on the world market. The West has become dangerous to everyone on the planet now due to its sanctions policy addiction and love for wars that are always blamed on the country attacked.

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This dynamic will never change if democracies cannot find a way to roto-router the political grifters completely out of office. One fabulous idea would be to dress them all up in fancy mercenary gear and send them to fight with the Ukies in Donbass to get a little real world experience.

Thus ends my cheery missive for today. Let me know what you think in the comments… Jim W. Dean ]

First revealed … Could 31, 2022

BRUSSELS — European Union nations lastly reached a deal to wean themselves off Russian oil, their most important effort but to hit the Russian economic system over the warfare in Ukraine, though the impression shall be softened by an exemption for pipeline oil, a concession to landlocked holdouts, notably Hungary.

After weeks of negotiations, the 27 nations agreed Monday to finish seaborne deliveries of Russian oil inside months. Pipeline deliveries will proceed to circulation for now. A number of nations will even get extensions or exemptions, in response to E.U. officers and diplomats.

European Council President Charles Michel mentioned the settlement would cowl greater than two-thirds of imports of Russian oil, slicing off a “an enormous supply of financing for [Russia’s] warfare machine.”

Officers and diplomats will nonetheless should agree on technical particulars within the coming days, and the sanctions have to be formally adopted by all 27 nations. E.U. leaders meet once more Tuesday to debate the Russian invasion.

…Due to rising costs, Moscow has continued to earn about the identical amount of cash from fossil gas gross sales because it did earlier than the invasion.

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