The Forum > General Discussion > Power prices under Labor.
Power prices under Labor.
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You really seem to swallow the Russian propaganda whole. This new payment system devised by the Russians has one major flaw in that it is not accepted by any western banks, so while it is maybe great for selling Russian goods into China, it is worthless otherwise. Even then no planes can fly out of Russia, and any ships going to Russia cannot get insurance.
In 3 months when the 6-month notice on the withdrawal of shipping insurance expires, no ship loading goods or oil will be able to be insured which severely reduces the possibilities for Russia to sell its oil. The Russian economy is set to shrink by between 10% and 15% by the end of 2022 and will continue to shrink as its isolation increases. These sanctions are slated to stay in place until Russia withdraws from the whole of Ukraine including Crimea.
In the interim, Russia continues to lose thousands of men and huge amounts of hardware while the west pours in many $bns of weapons into the Ukranian army.