Mon. PM KTFA News Articles 3-21-22

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Samson » March 21st, 2022

Moscow: Oil prices may reach $500 if the embargo on Russian oil is imposed

21st March, 2022

Russian Deputy Prime Minister Alexander Novak announced that world oil prices will jump to $300 a barrel if the West rejects Russian oil, explaining that some experts expect it to rise to $500.

Novak said: “In the event of abandonment (of Russian oil), the oil price will be $300, and some say it will reach $500.” He added that Russia will maintain the level of oil production against the background of statements by foreign companies concerned with servicing oil fields to end their work, stressing that the country is also able to diversify its oil exporters and is working on that. International oil prices rose, today, Monday, by more than 3 percent, due to continuing political tensions, which create fears of supply disruptions, according to trading data.

Media reports indicated that the European Union is working on a fifth package of sanctions against Russia, and is also studying the possibility of imposing an oil embargo on Moscow. And according to what was published by “Reuters”, quoting a European diplomat, the European Union is working on preparing for a new package of sanctions, in addition to putting a number of names on the list.

The agency said that despite four packages of sanctions, Russia “has not changed course with regard to Ukraine”. For this reason, European countries must decide whether to impose an embargo on oil supplies from Russia.   LINK

Dotalktome » March 21st, 2022

Ramadan April  2, 2202-Monday     May 2, 2022
Eid  is 3 Days celebrates breaking / ending the month of fasting.

Samson » March 21st, 2022

Two experts explain the repercussions of the war in Ukraine on Iraq

21st March, 2022

Mazhar Muhammad Salih, Advisor to the Prime Minister, and Osama Al-Saidi, President of the Political Science Association, discussed the impact of the Russian-Ukrainian conflict on Iraq, in a dialogue session, especially the effects on the economic and political sides.  

According to a post by the Al-Baydar Center for Studies and Planning, followed by “Nass” (March 21, 2022), “Madhar Muhammad Salih, Advisor to the Prime Minister, presented an economic vision about the potential impacts on Iraq, and Osama Al-Saidi, President of the Political Science Association, gave a brief explanation of the nature of the conflict. The heated conflict between Russia and Ukraine and its repercussions at the international and Arab levels and its impact on the Iraqi situation. The session was attended by a group of researchers and those interested in the subject under discussion.

Below is a summary of the various opinions, ideas and discussions presented by the attendees, with several points:

The conflict between Russia and Ukraine has deep historical, geographic and political backgrounds and dimensions, and is not a matter of the moment.

The conflict will have different effects, whether at the political level and the global system, or at the economic level, especially in the oil and gas and food sectors. 

There is no doubt that this conflict will have its effects on the international level and international organizations, as well as on the regional and Arab levels, and Iraq is certainly not an exception to these effects.

Iraq will be one of the countries that will be affected by the effects of the Russian-Ukrainian conflict, and this reflection may be positive on the one hand, represented by the oil sector and its export and its high prices, and negative on the other hand, represented by the goods and materials it imports from Russia and Ukraine, such as steel, grain and other materials whose prices have witnessed a noticeable increase.

The effects of the ongoing conflict on Iraq are not only economic, but there is a political influence, despite the fact that Iraq is not considered one of the great or large countries in the world, but this does not prevent the possible effects and determine its position in light of the international conflict and political alignment in light of a moving and changing world and may witness the birth of a global system new.

The Iraqi state, represented by the government and the rest of the institutions concerned, has the responsibility to follow up on the current situation in the world and the region, to study it carefully, to put forward all possible options that will occur in the near or medium future, and to determine the role required of Iraq according to the balance of the country’s supreme national interest at all levels, away from improvisation, diligence, and haste in dealing with events and situations taking place in the world and the region.  LINK

Source: Dinar Recaps

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