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BP dumps 20% stake in Russian oil giant / Russia Central Bank Bans Selling Securities By Foreigners

edited February 28 in Other Investing

Markets are roiled for sure. Oil is spiking. Gold’s only up $20 late evening. Russian commercial flights banned from most of Europe. Treasury bonds rising on falling yields at the moment. What’s fascinating is the heavy global reliance on Ukraine grain exports - particularly wheat. This is leading of course to rising grain prices. China seems to be taking a “wait & see” - not being eager to watch the global economy fall into the dumpster. Late evening Dow futures off over 600 points - but a bouncing ball …..

Here’s the second story

“As the west piles sanctions upon sanctions seeking to crush the Russian economy, moments ago Reuters reported that Russia has made sure that at least those foreigners who have invested in Russian capital markets will have to stay for the ride.

According to Reuters, the Russian central bank – which the US and EU decided will be sanctioned and as a result all transactions will be banned – has ordered market players to reject foreign clients’ bids to sell Russian securities from 0400 GMT on Monday, according to a central bank document seen by Reuters.”


  • edited February 28
    Russia owns less than 2% of the world stock market. So the damage would be limited to many western investors. Wonder who own sizable Russian stocks and want to save their own skin?

    Ukraine is a major producer of grains, particularly wheat and corn that feed many part of the world. This conflict will impact food price while adding to inflation.
  • edited February 28
  • edited March 3
    As was described in a set of conversations on Bloomberg, Russia has tremendous oil reserves and supplies a great deal of petroleum volumes to the European community. This is well known. What Russia does NOT contain is sufficient technology and resources to extract and refine those supplies on their own. And THAT’S why the exit of Shell, BP, Exxon from the picture will absolutely cripple the petroleum industry in Russia. I guess Putin failed to consider that.
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