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If true LHL digging us into a hole when Russia wins and starts counting/settling scores.
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Is SG Supplying Ukraine with Weapons?
- Thread starter Loofydralb
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If true LHL digging us into a hole when Russia wins and starts counting/settling scores.
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this useless motherfucker will bring this island to ruins eventually
a normal person couldnt be more stupid if they try for a thousand years.....
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It's better russia control si nkie then communist chinese. Malays will support Russia.
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A4 super Skyhawk?
Still got some left on display at SP
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He is already joining sanctions against Russia. That's why we're not getting cheap oil. And that is why electricity tariffs are going through the roof!
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SINGAPORE, April 6 (Reuters) - Singapore's diesel imports from Russia hit their highest volume in more than a year in March and are likely to stay elevated in April, according to government data and industry sources.
Global oil trade flows have changed since Europe banned imports of Russian oil products from Feb. 5 and the Group of Seven Nations, EU and Australia imposed a $100 cap on Russian diesel trade using western ships and insurance.
The curbs are aimed at restricting Russia's revenues while keeping a lid on prices by allowing supplies into the market.
Data from Enterprise Singapore, Refinitiv, Vortexa and an analyst showed Singapore's March diesel imports hit 46,000 tonnes (342,700 barrels) after the tanker Stemnitsa arrived on March 24 from the Russian port of Nadhodka and discharged the only cargo for the month.
Singapore's Russian gasoil imports last hit an all-time high of 95,000 tonnes in December 2021, but the Asian oil hub received only 20,000 tonnes of the industrial fuel from Russia in 2022, Refinitiv data showed.
Global oil trade flows have changed since Europe banned imports of Russian oil products from Feb. 5 and the Group of Seven Nations, EU and Australia imposed a $100 cap on Russian diesel trade using western ships and insurance.
The curbs are aimed at restricting Russia's revenues while keeping a lid on prices by allowing supplies into the market.
Data from Enterprise Singapore, Refinitiv, Vortexa and an analyst showed Singapore's March diesel imports hit 46,000 tonnes (342,700 barrels) after the tanker Stemnitsa arrived on March 24 from the Russian port of Nadhodka and discharged the only cargo for the month.
Singapore's Russian gasoil imports last hit an all-time high of 95,000 tonnes in December 2021, but the Asian oil hub received only 20,000 tonnes of the industrial fuel from Russia in 2022, Refinitiv data showed.
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https://asiatimes.com/2023/05/the-dirty-five-laundering-russias-oil/
SINGAPORE – Western nations have taken major steps to cut energy ties with Russia by cracking down on imports of seaborne crude oil and refined petroleum products while imposing a US$60 price cap on sales to non-Western countries in a bid to crimp the Kremlin’s ability to finance its war in Ukraine.
At the same time, nations that sanctioned Russian oil have dramatically increased imports of refined oil products from countries that have become the largest importers of Russian crude since Moscow invaded Ukraine last February, according to a recently released report by the Finland-based Center for Research on Energy and Clean Air (CREA).
SINGAPORE – Western nations have taken major steps to cut energy ties with Russia by cracking down on imports of seaborne crude oil and refined petroleum products while imposing a US$60 price cap on sales to non-Western countries in a bid to crimp the Kremlin’s ability to finance its war in Ukraine.
At the same time, nations that sanctioned Russian oil have dramatically increased imports of refined oil products from countries that have become the largest importers of Russian crude since Moscow invaded Ukraine last February, according to a recently released report by the Finland-based Center for Research on Energy and Clean Air (CREA).
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The organization tags five non-sanctioning countries – China, India, Turkey, United Arab Emirates (UAE) and Singapore – as “launderers” of Russian oil, which is blended with non-Russian origin crude and re-exported globally, including to the very nations enforcing the price cap and embargo in what CREA describes as a “major loophole” in the sanctions regime.
Isaac Levi, an energy analyst at CREA and the report’s co-author, told Asia Times that the EU’s oil ban and price cap, imposed in December and February respectively, have cost Moscow an estimated 160 million euros (US$175.3 million) per day, but were cautiously designed to allow Russian oil flows onto global markets to keep prices down and avoid supply disruptions.
“Now that the bans are in place, Russia’s revenues are starting to rebound,” he said, describing the loophole as a “legal way” for sanction-imposing countries to buy oil products previously bought directly from Russia, which are now being sold by third countries at a premium. “This process provides higher demand for Russian oil, creating higher export volumes and prices.”
In November, the International Energy Agency (IEA) projected that Russian oil output would fall by 1.4 million barrels per day (bpd) in 2023 following the EU’s ban on seaborne exports of Russian crude. But with more than 90% of Russian crude now finding buyers in Asia, exports averaged 3.76 million bpd in April, 22% above the average pre-war level of 3.1 million bpd, according to S&P Global.
Isaac Levi, an energy analyst at CREA and the report’s co-author, told Asia Times that the EU’s oil ban and price cap, imposed in December and February respectively, have cost Moscow an estimated 160 million euros (US$175.3 million) per day, but were cautiously designed to allow Russian oil flows onto global markets to keep prices down and avoid supply disruptions.
“Now that the bans are in place, Russia’s revenues are starting to rebound,” he said, describing the loophole as a “legal way” for sanction-imposing countries to buy oil products previously bought directly from Russia, which are now being sold by third countries at a premium. “This process provides higher demand for Russian oil, creating higher export volumes and prices.”
In November, the International Energy Agency (IEA) projected that Russian oil output would fall by 1.4 million barrels per day (bpd) in 2023 following the EU’s ban on seaborne exports of Russian crude. But with more than 90% of Russian crude now finding buyers in Asia, exports averaged 3.76 million bpd in April, 22% above the average pre-war level of 3.1 million bpd, according to S&P Global.
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The Russians are bogged down in Ukraine. They can't even reach the Moldavian border, let alone ours.
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Refined product do not have the margins for profit unlike raw crude.
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