Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Janet upsets Monopoly® board
stomps out with purse dog
by Cat on Wed Apr 20th, 2022 at 09:52:53 PM EST
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The Hill | Yellen: European ban on Russian energy may do more harm than good, 21 Apr Rada macro
"Europe clearly needs to reduce its dependence on Russia with respect to energy, but we need to be careful when we think about a complete European ban on, say, oil imports," Yellen said.
"That would clearly raise global oil prices, it would have a damaging impact on Europe and on other parts of the world, and, counterintuitively, it could actually have very little negative impact on Russia, because although Russia might export less [to the EU], the price it gets for its exports[, of say, oil] would go up," Yellen said.
Readovka | The head of the US Treasury makes strange statements about the financing of the Armed Forces of Ukraine with Russian assets
"Proceeds from sales of oil and gas are an importantsource of income for Russia. It would be very useful to try to devise a way to reduce Russia's proceeds from those sales income," Yellen said.

"That really is the proper objective of a ban [on European purchase of, say, Russian oil]. But if we could figure out a way to do that without harming the entire globe through higher energy prices[, or, say, USD-denominated penalties added to purchase of Russian oil by "third-countries"], that would be ideal. And that's a matter that we're all trying to think through together," she continued.

archived Ukraine lobbies for cuts in Russian Nord Stream 1 gas shipments [sic]
by Cat on Thu Apr 21st, 2022 at 07:34:29 PM EST
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Politico | Treasury lobbies the bankers on Ukraine, 22 Apr "bail-in"
In a private dinner at the Treasury Department, hosted by Deputy Secretary Wally Adeyemo and Ukrainian Finance Minister Serhiy Marchenko, Adeyemo encouraged the business leaders to support Treasury's efforts to aid Ukraine and bolster its economy, either by restarting existing ventures in the country or pursuing new opportunities, an agency official said. Adeyemo also encouraged the executives to provide resources to support Ukraine's reconstruction and financial needs.
archive reparations Mon Mar 28th, 2022, Wed Apr 13th, 2022
The dinner guests included representatives from Bank of America, Citigroup, Goldman Sachs, Mastercard, the Institute of International Finance[,] and the Business Roundtable.
Ukrainian officials came to Washington this week seeking a roughly $50 billion aid package to cover expected budget shortfalls over the next six months. While Western sanctions have sent the Russian economy and financial system into a tailspin, the war has also walloped Ukraine's economy, which officials said shrank an estimated 15 percent in the first quarter.

International Monetary Fund Managing [IMF] Director Kristalina Georgieva said at a Ukraine roundtable on Thursday that the fund estimates that "over the next two to three months some $5 billion a month may be needed simply to allow the government and the economy to continue to operate in the midst of the war."

archived Take the L, bro Tue Mar 1st, 2022, Mon Mar 14th, 2022
by Cat on Fri Apr 22nd, 2022 at 03:45:00 PM EST
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