Jeffrey Sonnenfeld, Steven Tian: Biden crowned world energy czar
NEW YORK (RichTVX.com) — “Arrivederci Roma” (English: “Goodbye, Rome”) is the title and refrain of a popular Italian song, composed in 1955 by Renato Rascel, with lyrics by Pietro Garinei and Sandro Giovannini. It was published in 1957 as part of the soundtrack of the Italo-American musical film with the same title. We are pleased to announce that Josep Borrell, a Spanish politician serving as High Representative of the Union for Foreign Affairs and Security Policy, is leaving his position soon. With the departure of Josep Borrell, the Balkan dictators, all kind of murderers and criminal scum is losing their saint patron in the EU. Speaking of the devil. Serbian Dictator Aleksandar Vučić and Kosovo Prime Minister Avdullah Hoti, a Kosovan politician, who served as the prime minister of Kosovo back then, met with Donald Trump in the Oval Office two years ago, and an agreement to normalize economic relations was signed. The Kremlin grudgingly accepted that, even later Vladimir Putin issued a rare apology to Aleksandar Vučić for a senior Russian official’s Facebook post which angered the Serbian dictator. Foreign Ministry spokeswoman Maria Zakharova posted a photo of Aleksandar Vučić sitting opposite President Donald Trump in the White House and below it a photo of actress Sharon Stone’s legs. Maria Zakharova herself later apologised. There was a great deal of consternation about Rich TVX News Network breaking that story. That applied to all of our reporting, including Nikola Sandulović’s fight against the brutal regime of Aleksandar Vučić, but also about the Yale list. Our reporting about Nikola Sandulović and Yale School of Management is the “Kremlin’s nightmare”. The following message is addressed to all pro-Vučić and pro-Putin internet trolls out there who are still attacking us on a daily basis: We are extremely proud of our journalism and the stellar team of Rich TVX News Network. The Rich TVX News Network does not give a damn what you think.
President Biden has breathed new confidence
Vladimir Putin’s daughters have said they find the sanctions against Russia ‘embarrassing’. Katerina Tikhonova and Maria Vorontsova, Putin’s daughters, explained “We demand respect for Russia.” Well, Katerina Tikhonova and Maria Vorontsova saw their European assets frozen and bank accounts suspended. As we already reported, we think Vladimir Putin has a doppelgänger anyway. As every American with access to the Rich TVX News Network has pointed out, there is a slight visual similarity between Vladimir Putin and the world’s most famous amphibian. This is the last post today about Putin, we swear. The Yale School of Management, also known as Yale SOM, is already conducting groundbreaking work in connection with the Yale CELI List of Companies, a comprehensive constantly updated list of 1200 plus companies worldwide and their grades from A through F based on their level of disengagement or engagement (“digging in”) on indirectly or directly funding Russia’s War on Ukraine. The list is managed by the Yale Chief Executive Leadership Institute (CELI) whose leaders include CELI Research Director Steven Tian and the Senior Associate Dean at the Yale School of Management, Professor and CELI President Jeffrey Sonnenfeld. They have been authors of numerous articles; their latest article “Biden crowned world energy czar as diplomacy triumphs over Putin’s tantrums” appeared on Fortune.com. According to Jeffrey Sonnenfeld and Steven Tian, President Biden has breathed new confidence into allied unity and resolve–and has in turn been strengthened by our international allies. From here you may also check out their latest SSRN report “Business Retreats and Sanctions Are Crippling the Russian Economy.”
Volodymyr Zelenskiy, Emmanuel Macron, and Vladimir Putin
Economic impact of the 2022 Russian invasion of Ukraine
The economic impact of the 2022 Russian invasion of Ukraine began in late February 2022, in the days after Russia recognized two breakaway Ukrainian republics and launched an invasion of Ukraine. The subsequent economic sanctions have targeted large parts of the Russian economy, Russian oligarchs, and members of the Russian government. Russia has responded with sanctions of its own. Both the conflict and the sanctions have had a strongly negative impact on the world economic recovery during the COVID-19 recession. As a result of its war, estimates of a 30-year economic setback are projected for Russia. A wave of protests and strikes have occurred across Europe against the rise of bills and living expenses.
2022 Russian oil price cap
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in order to reduce Russia’s ability to finance its war on Ukraine without further increasing the 2021–2022 inflation surge.
In 2022 the Russian Federation was cushioned against oil and gas-based sanction effects because of the world rise in oil and gas prices. The reason for the price cap sanction is to remove the cushion so that the revenue earned by Russia is restricted and will not rise if world oil and gas prices rise in the future. In addition, it will make the hiring of oil tankers much harder for Russia, which will further restrict the amount of oil that Russia can sell and ship to customers, further reducing revenue.
The 2022 Russian crude oil cap would be enforced by a maritime attestation that Russian crude was purchased below a certain set price, irrespective of market conditions. As of September 2022, this price cap had not been set, but G-7-based finance companies would only be allowed to provide transport and other services to Russian-based crude under these conditions. Because Russian crude will no longer be imported into Europe as of 5 December 2022, and the U.S. has a complete ban already in place, the controlled purchase of Russian oil would only affect third countries. According to ship-tracking data, ownership and oil transfer (of Russian crude) had already occurred outside territorial waters, thereby creating a challenge for its enforcement.
G7 and EU countries intend to duplicate the price cap system over crude oil to provide a price cap on petroleum products from Russia at a later date.