Forwarded from MessageInABottle
THE MYTH OF "#RUSSIAN #ISOLATION"
International trade with #Russia boomed this year, even as (mainly Western) countries imposed sanctions after the Ukraine invasion.
Mainly Western Countries imposed sanctions that were intended to cripple its #economy after it invaded #Ukraine.
As the data shows: They failed!
Non Western countries, including #China and #Turkey, have actually done the opposite: deepening their relationships with Russia since the war began.
As the #Germans can testify, many countries have found living without Russian raw materials incredibly difficult.
Russia is one of the world’s most important producers of #oil, #gas and raw materials.
More than 60% of Russia’s exports by value before the war were oil, gas and key #metals and #minerals, which help to power cars, warm homes and supply factories all over the globe
International trade with #Russia boomed this year, even as (mainly Western) countries imposed sanctions after the Ukraine invasion.
Mainly Western Countries imposed sanctions that were intended to cripple its #economy after it invaded #Ukraine.
As the data shows: They failed!
Non Western countries, including #China and #Turkey, have actually done the opposite: deepening their relationships with Russia since the war began.
As the #Germans can testify, many countries have found living without Russian raw materials incredibly difficult.
Russia is one of the world’s most important producers of #oil, #gas and raw materials.
More than 60% of Russia’s exports by value before the war were oil, gas and key #metals and #minerals, which help to power cars, warm homes and supply factories all over the globe
Forwarded from MessageInABottle
#Texas was the first #US state to ban #BlackRock from doing business with the state.
#Florida has now followed suit.
Texas Governor Greg Abbott signed a law in 2021 to ban financial companies, including BlackRock and several other financial companies, that have #ESG policies that discriminate against the #oil & #gas sector.
FLORIDA PULLS $2 BLN FROM BLACKROCK IN LARGEST ANTI-ESG DIVESTMENT PUSHBACK
#Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc.
The move is the biggest such divestment by a US state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
The move will hardly dent BlackRock's $8 trillion in assets but drew a strong response from the company, which said the action put politics over investor interests.
#Florida has now followed suit.
Texas Governor Greg Abbott signed a law in 2021 to ban financial companies, including BlackRock and several other financial companies, that have #ESG policies that discriminate against the #oil & #gas sector.
FLORIDA PULLS $2 BLN FROM BLACKROCK IN LARGEST ANTI-ESG DIVESTMENT PUSHBACK
#Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc.
The move is the biggest such divestment by a US state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
The move will hardly dent BlackRock's $8 trillion in assets but drew a strong response from the company, which said the action put politics over investor interests.
Reuters
Florida pulls $2 bln from BlackRock in largest anti-ESG divestment
Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc , the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG)…