ADAM TOOZE

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 crisis. @HirokoTabuchi nytimes.com/2022/02/26/cli… https://t.co/Lsa8zsd4MF

@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 and 2014. If we are in an unlimited escalation, economic war scenario that clearly changes the game.

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 that the Russian armor was causing traffic jams.” nytimes.com/2022/02/25/opi… https://t.co/hMhBRGAiqN

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 Pakistan into a regional coalition, India’s security dilemmas will only intensify. @MohanCRaja foreignpolicy.com/2022/02/23/imr… https://t.co/NAibvNDA1d

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 with Russia and Pakistan emerged as a solid counter to India’s regional ambitions that are now openly backed by US. @MohanCRaja foreignpolicy.com/2022/02/23/imr… https://t.co/kOVmiOixkI

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 4% of consumer spending v. 7.4% in the gas-guzzling days of the 1950s. bloomberg.com/opinion/articl… https://t.co/jH8eVoK0xA

'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 withdraws from IPCC summary negotiations. politico.eu/article/bomb-u… https://t.co/Yi03bltm49

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

LNG Terminals in operation across the European Union and U.K. are able to accept a total of 196 bcm per year, according to the International Gas Union — barely more than South Korea, and only about two-thirds of Japan’s capacity. bloomberg.com/opinion/articl… https://t.co/DyqPZsBbXf

Since 1949 the energy intensity of US GDP has fallen by two thirds. bloomberg.com/opinion/articl… https://t.co/dS03AO2pYm

Ethiopia remains a net importer of wheat, satisfying around 25 percent of the local demand with imports. With global wheat prices rising that is not a comfortable place to be. apps.fas.usda.gov/psdonline/circ… https://t.co/YvfRrxV43j

Will China’s energy imports from Russia hold up under pressure of payments sanctions that exempt energy payments but require serious work around. bloomberg.com/news/articles/… https://t.co/hoJi4FPZc9

It began as a trade dispute over chocolates … Clash Over Ukraine Drives a Dagger Into Globalization Nice piece this by @greg_ip wsj.com/articles/clash… https://t.co/t3AwgEowyp

“They let themselves get a bit more behind the curve than they should have,” said Alan Blinder US economists on the Fed and inflation. @caitlinsgilbert @colbyLsmith ft.com/content/e28800… https://t.co/0gndQ0bZLB

There is no relationship btw the degree of US “energy independence” and the prices paid by US consumers at petrol pump. @foxjust on the ironies of “independence” talk. bloomberg.com/opinion/articl… https://t.co/2PeeVnCFaF

Capital Economics expected the financial sanctions to reduce Russian gross domestic product by 1 per cent and force the central bank to raise interest rates from 9.5 per cent to at least 12 per cent. 1 percent! ft.com/content/047429… https://t.co/Mxc97lBa5m

US new Inso-Pacific strategy hails “the rise of India” as an anti-China balance. But on UNSC yesterday, India voted with China and Russia to abstain on Ukraine motion. whitehouse.gov/wp-content/upl… https://t.co/AanhwQYa5o

Energy prices in Belgium surged 2/3 to Jan 2022 bloomberg.com/news/articles/… https://t.co/55l8K3bGT7

Yesterday, China — which often aligns itself with Russia on issues at the world body — was joined by UAE (!! So often hailed as America’s key ally in Gulf region) and India in abstaining on UNSC Ukraine resolution. bloomberg.com/news/articles/… https://t.co/x8nfdY2e3g

What does energy independence mean? Freedom from foreign power. Freedom from economic harm. Why doesnt America’s new energy independence feel better? Typically smart piece this by @foxjust bloomberg.com/opinion/articl… https://t.co/xa2UcIa75S

RT @niubi: “China’s four largest banks have complied with previous U.S. sanctions against Iran, North Korea and even top officials in Hong…

RT @uk_domain_names: BBC buries this as the last-but-one paragraph… "Visa applications from Ukraine for people who are not related to Br…

Toller thread zu SWIFT twitter.com/l_hornung/stat…

Background to that UAE-Russia meeting: UN Security Council vote pending. twitter.com/iffat9/status/…

You don't have to be able to understand Russia to grasp the sentiment being conveyed here. Watch the anchor @katyakotrikadze twitter.com/NoahSneider/st…

RT @NoahSneider: Heartbreaking exchange on @tvrain b/w @katyakotrikadze & @novaya_gazeta's Nobel-prize winner Dmitry Muratov Q: What wil…

So there are three issues here: (1) SWIFT (2) Excision of Sberbank from correspondent banking in dollars, with legal penalties. (3) Ability of Western interests to conduct energy business legally by way of non-sanctioned, non-US financial institutions. twitter.com/Frances_Coppol…

RT @Frances_Coppola: For the benefit of those banging on about SWIFT – this is a far more draconian sanction than shutting these banks out…

RT @Frances_Coppola: @ScepticalSista To my knowledge no major bank has ever before been completely shut out of the US correspondent banking…

RT @DmitryOpines: This is critical. Kicking a country off SWIFT makes undertaking international transactions with their banks really annoy…