EU sanctions more cautious on hitting China, working on 11th round of sanctions | World News | WION

The European Union is working on what would be its 11th round of sanctions since Russia invaded Ukraine last year and this time it is focused on cracking down on those breaking trade restrictions which are already in place and in order to achieve this, the European Union has proposed a new tool to limit trade.

#eu #china #russiaukrainewar

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[Indian_Kumar_Poombai]

Thats why China is the richest country in the world whilst India is 107 in the starving index.
According To wion, Since 2001 China gained 120 Trillion in wealth and became the richest country in the world
Wion also reported how India got 45 Trillion taken away from them (by force)
*Wion: At $514 trillion, China overtakes US in terms of amassing the biggest net worth*
*Gravitas: How Britain Looted $45 Trillion From India*

[simpson]

The Ukraine Russian war has greatly caused so much suffering to gas deprived G7 countries.
9/10 of the countries with the most debt are from NATO countries or allies.
Source: List of countries by external debt
United States: 31 trillion
United Kingdom: 8.73 trillion
France: 7.04 trillion
Germany: 6.46 trillion
Japan: 4.36 trillion
Canada: 3.23 trillion
China: 2.64 trillion
Spain: 2.26 trillion
Australia: 1.83 trillion

[ericbruce]

Fraustration! Fraustration!! Fraustration!!!

[luckyea]

In 2022, the growth of wages in Russia in real terms amounted to about 3%, in nominal terms - 13%, Russian Prime Minister Mikhail Mishustin said at an operational meeting with the president.


Over the past two days in the United States, 7 large companies have already declared bankruptcy. The current period is the most active period of bankruptcies since 2008 for companies with liabilities of at least $50 million.

The U.S. is experiencing a record surge in bankruptcies that has markedly exceeded the maximum insolvency rate recorded at the height of the pandemic. At the end of February 2023, the number of registered bankruptcy filings of enterprises in the United States exceeded that of June 2020 by 73%. At the same time, the number of bankruptcies among large enterprises increased by 83%. In total, over 31, 000 companies filed for bankruptcy in February 2023.

The rapid growth in the number of bankruptcies results in massive staff reductions. According to Forbes, mass layoffs in the United States in 2022 were carried out by 1, 051 companies that laid off 161, 000 workers in total. At the same time, for the period from January 1 to March 15, 2023, American companies laid off 139 thousand people.


Inflation in the eurozone by the end of 2022 turned out to be above 10%, which means that many goods in the EU countries have risen in price by one and a half, or even twice.

In fact, no one is burning with the desire to lend to Western economies in principle and to lend cheaply. And the economic growth that Western economies had for many decades, it consisted in the fact that it was due to the attraction of resources from most countries of the world. But now the situation has changed, now this “golden billion”, which existed in the West, in the USA, in Europe, in Japan, its role is decreasing.

[nantakumaran]

China, s BRI - Chinese banking loans comes from.Chinese Banks in China .
Then the same Chinese banking loans goes back to the big Chinese contractors from.China( Main Con ) to pay for Chinese workers, materials, machinery etc used in the BRI Chinese project example in Pakistan, Malaysia etc .

BRI projects in Pakistan, Malaysia, Indonesia etc

What is the % of local materials, labor, machinery etc Use in the Chinese infrastructure projects in the countries .

Chinese companies follow the Japanese conncept/ model.
Example - if a Japanese company in Japan wants to build an assembly plant in Malaysia. ( assembling let, s say TV etc .

The Assembly company will.hold a meeting in Japan togather with all Japanese electronic component manufacturers in Japan example - of components are like capacitors, transformers, circuit boards, wire assy, chips etc to supply the components to the Japanese assembly plant in Malayasia .

The Japanese also have their components factories in Malaysia, so they also will supply the components etc
Japanese buy from Japanese etc

Money n business circulation within Japanese - about 65 -75% within them .

Locals get employments, servicing, facilities,maintainance jobs etc