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The fact that Russia hasn’t been cut off from SWIFT already pretty much means it won’t happen.
Not entirely sure which sanctions would directly affect Porsche selling and shipping cars to Russia. But I certainly don’t know all the details of the announced sanctions.
Quote from the article: A Mercedes spokeswoman issued a statement to Automotive News Europe about the growing tensions between Russia and Ukraine, saying "We are very concerned about the recent developments and hope that further escalation can be prevented." She added that Mercedes, as a matter of course, will take into account applicable sanctions in their business activities with Russia.
Only an extremely foolish company would send luxury goods into Russia or Ukraine because they will never get paid for them.
Porsche sold around 6000 vehicles in Russia last year in about 750 in Ukraine. That production can easily be absorbed by the United States and China. Why would Porsche AG risk sending their products into a war zone? The answer is they wouldn't.
Last edited by Carlo_Carrera; 02-25-2022 at 11:00 AM.
The fact that Russia hasn’t been cut off from SWIFT already pretty much means it won’t happen.
Not necessarily. SWIFT cannot be switched off for a single country just because a few major countries (US, UK, The EU etc) say so... It's a tad more complex than that.
This said, if a wealthy Russian wants a 911 (s)he will get one regardless...
You can expect significant supply chain issues in the coming months. There isn’t much modern precedent for what’s on deck here. Energy disruptions and costs will certainly be significant.
We almost certainly have a recession on deck fueled by consumer concerns and higher prices at the pump ($5-7/gal is a real possibility), even higher grocery prices due to energy costs, etc. Not like we needed that.
It’s not a bad time to install a charger at home and buy an EV as an additional car/daily driver. Someone asked me what they should do with their money right now and that was my answer.
Getting the EV when you did, looks like a smart move. People want to become more immune to fluctuating/high gas prices, then get a EV. When I bought my hybrid 12 years ago, I watched sales of hybrids, and they skyrocketed everytime gas jumped $0.25-$0.50. Doubters became converts when gas gets expensive.
As for finding an EV right now - good luck. My youngest just put a down payment on an EV (in Seattle), and he looked at 4 auto makers. None had any to test drive or in the showroom. He has a July delivery date.
Last edited by CodyBigdog; 02-25-2022 at 10:49 AM.
Not necessarily. SWIFT cannot be switched off for a single country just because a few major countries (US, UK, The EU etc) say so... It's a tad more complex than that.
This said, if a wealthy Russian wants a 911 (s)he will get one regardless...
True. I just posed the question to my wife, who developed interface software for SWIFT, for many years. SWIFT is not run by any country, but a consortium of banks around the globe. The act of disabling a country from being able to use SWIFT is straight forward and can be done. Every SWIFT transaction has a bank and country code…. but getting all the member banks, or a majority to agree would not be a straight forward task. Most banks don’t like to get involved in geopolitical events.
China has their own version of SWIFT and Putin already said he will simply transition to their system ...The question remains if China will allow him and how cooperative they will be with him moving forward with the world watching.
I feel for the Ukrainian people ...who needs this right after covid but I blame the west and UN partially for this due to their weak constitution and even the thought of Ukraine possibly joining the UN .... This was the last poke that awoke the bear and the bear saw an opportunity ...
Last edited by rileyracing1; 02-25-2022 at 10:58 AM.
…. but I blame the west and UN partially for this due to their weak constitution and even the thought of Ukraine possibly joining the UN .... This was the last poke that awoke the bear and the bear saw an opportunity ...
Total baloney….and I know where this is coming from. 😳 Say hello to Tucker Carlson for me. 😂
Ukraine is a “founding member” of the UN (you mention UN, above…I assume you meant NATO), and has been a member since 1945.
Ukraine is an independent country, but it’s very clear what Putin’s objectives are - to install a pro-Russia regime in Ukraine.
An interesting factoid - when Ukraine separated from the former Soviet Union, one of the conditions for Ukraine’s independence from Russia was that they “return” all their nukes back to Russia. At that time, Ukraine was listed as being a country with the 3rd or 4th most nuclear weapons. I can only postulate whether Russia would invade, like they are now, had Ukraine kept a nuke, or two as insurance against RUSSIN aggression?
As for Ukraine becoming a member of NATO. Not likely. And Putin is not dumb. He knew exactly how to stop it…and he didn’t need to invade Ukraine more than he had done a number of years ago…..so his made-up pretext for sending in a so-called “peace keeping force”, and demanding that Ukraine never become a member of NATO, is made up BS. A total smoke screen
What are the hurdles to Ukrainian membership in NATO?
”Rafael Loss at the European Council on Foreign Relations says that Ukraine doesn't really satisfy the criteria for becoming a member.
On the political side, members need to implement reforms under the membership plan and on the military side, they're meant to be "adding to the security of the alliance and not detracting from it," Loss said.
That means that Putin's actions in 2014 have made it much less likely that Ukraine would ever become a member due to the territorial dispute over Crimea, he says.
"By invading Ukraine in 2014 and by invading Georgia in 2008, Russia has effectively established a veto over those two countries' membership," Loss said.
Last edited by CodyBigdog; 02-25-2022 at 12:02 PM.
02-24-2022 | 11:30 PM
