ADAM TOOZE

Are we on the brink of all out financial war with Russia? Chartbook #87 just dropped. An effort to take stock of the sanctions debate

RT @CampbellMacD: UAE-mouthpiece The National has ordered its foreign staff not to refer to Russia's invasion of Ukraine as an invasion. Co…

@Frances_Coppola @doobeedoo2 Yup. But SWIFT is nevertheless a step. Beyond that the really hard decisions are on correspondent banking and energy.

RT @tom_nuttall: Not just enabling third party deliveries, but now direct arms supplies too. Extraordinary shift.

Admirable restraint @christogorev but the devil is in the detail. The real test is how far they go on ending purchases of Russian oil and

RT @grudkev: Wow, Germany has finally agreed to send weapons to Ukraine. Putin managed to cross everyone's red line.

RT @SFischer_EU: “The Russian invasion marks a turning point. It is our duty to support #Ukraine to the best of our ability in defending ag…

SWIFT/correspondence sanctions will cause havoc in Russian financial system. But the crucial question, as @edwardfishman @jfriedlanderdc insist, is how far you are actually willing to

EU plans to cut emissions 55% by 2030 -> lowers gas demand from 392 bcm in 2030 to 315 bcm = enough to halve dependence

@analerevenga This, again and again, is the question.

“We are working flat out on how to limit the collateral damage of decoupling from SWIFT in such a way that it affects the right

SWIFT is on the table now. Germans have shifted position. Italians too. French finance minister calls it a ‘financial nuclear weapon’ bloomberg.com/news/articles/… https://t.co/jOZ5L430s5

@jfriedlanderdc @edwardfishman @AmbDanFried @brianoftoole @Levitt_Matt @JCZarate1 @greenwald00 @dantannNYC @RosenbergEliz @katecbauer @NeilBhatiya @KharonData @reziemba @HagarChemali Thank you Julia. So far, it is right to say isn’t

Oil surging to $120 would add 1.3 % to the transitory inflation peak in US. By early 2023 forecast from @terminal is for 2.3% bloomberg.com/news/articles/…

@ntrickett16 @IikkaKorhonen @BuddyYakov @jeff_hawn Thanks!

@ntrickett16 @IikkaKorhonen @BuddyYakov @jeff_hawn Cheers.

@edwardfishman @jfriedlanderdc @AmbDanFried @brianoftoole @Levitt_Matt @JCZarate1 @greenwald00 @dantannNYC @RosenbergEliz @katecbauer @NeilBhatiya @KharonData @reziemba @HagarChemali Hi Eddie thanks for clarifying. But I feel like I am

RT @Griboyedov1: Russia’s central bank said in January that it held it held $94.66 billion worth of reserves in “other national central ban…

RT @M_C_Klein: Glad to see people digging into this. Nobody publishes the information so the only way to get an answer is ask and hope

Lot of self-accusation right now about inadequate European military capacity and demands for greater spending. BUT spending by non-US NATO members already comfortably exceeds Russia’s

@ntrickett16 @IikkaKorhonen @BuddyYakov @jeff_hawn Ok. I see what you are getting at. Have you written this up anywhere? The slowdown after 2014 narrative is out

@jfriedlanderdc @AmbDanFried @brianoftoole @Levitt_Matt @JCZarate1 @greenwald00 @dantannNYC @RosenbergEliz @katecbauer @NeilBhatiya @KharonData @edwardfishman @reziemba @HagarChemali Hi @jfriedlanderdc what about GL8 and the promise, yesterday from State,

RT @JakeCordell: As sanctions on SWIFT look increasingly likely, key to watch Belarus. If not also sanctioned, Belarusian banks could becom…

"You need to get your boot off the neck of American energy producers” – how the US oil lobby is making use of the Ukraine

@ntrickett16 @IikkaKorhonen @BuddyYakov @jeff_hawn Why does "offshoring" a chunk of the trade surplus in a fx reserve increased fragility? It helps to contain Dutch disease.

@jeff_hawn @ntrickett16 @BuddyYakov Hang on folks. The reserves are functional from point of view of managing the kind of macrofinancial shocks we saw in 2008

RT @ntrickett16: Yeah, SWIFT is nothing compared to this. And if this is where they're going, the regime has spectacularly screwed itself.

"On the first day of the war, we saw invading Russian tank units unexpectedly being exposed by Google maps, because Google wanted to alert drivers

Ukraine Grains Shipments The country’s top grain-handling ports are in the southwest bloomberg.com/news/articles/… https://t.co/l1xTghG6VI

What bothers New Delhi is prospect of coordinated squeeze by China/Russia to slow India’s rush toward the US. If Russia and China succeed in drafting

At current prices, even Bahrain, the Gulf’s bankrupt, balances its budget! bloomberg.com/news/articles/… https://t.co/36dSLFX4uD

Beijing, is midwifing the new romance played out btw Russia and Pakistan this week. For China, it would be a win if a new triad

When we talk about carbon pricing and the “impossibility” of asking that US consumers pay more, we should bear in mind that energy accounts for

'it’s very difficult to think about climate change impacts when you have impacts of Russian missiles in our Kyiv, and tanks everywhere.” Ukraine scientific delegation

RT @TheStalwart: "The U.S. is weighing sanctions on Russia’s central bank, according to people familiar with the matter, a move that would…

The impact of surging oil prices on EM may be significant. Used to be a key issue for India. Still today? bloomberg.com/news/articles/… https://t.co/WqGNwxnnQE