Update: It appears the humans finally read the news and Boeing stock is sinking... Russian Deputy PM says a decision on counter measures on the US will be made after they have analyzed the full impact of US sanctions on Russia.
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As we detailed two hours ago, last week, we highlighted four 'weapons' that China has to counter US aggression (dump US debt, devalue the yuan, attack the petro-dollar's dominance, and limit sales of rare earth metals).
While China produces 92% of the world's rare earth metals, Russia is also a key supplier.
And now it seems that Russia has been reading from the same playbook as RT reports Russia's Federation Council is looking to adopt counter-sanctions against the US, under which the country may ban exports of titanium components to aircraft giant Boeing, according to Russian Senator Sergey Ryabukhin.
"Among the rare earth metals that Russia supplies to the United States is titanium, which is necessary for the technological cycle of production of Boeing," Ryabukhin told RIA Novosti.
As of last year, 40 percent of Russian titanium aircraft parts were sold to Boeing and 60 percent to its European rival Airbus, according to a spokesman for Russia’s Rostec corporation.
Russia could also ban the supply of RD-180 engines used by NASA and the Pentagon, the senator added.
“These rocket engines are used not only by NASA, but also by the Pentagon on their satellites. It means the US uses these rocket engines to launch their military satellites," he said.
Earlier on Friday, Russian deputies announced an upcoming response to the American sanctions imposed last week. According to State Duma Vice Speaker Ivan Melnikov, the Russian response would include ending cooperation with the US in the nuclear industry, aircraft building and airspace.
“Russia is able ‘to annoy’ the US by stopping or severely restricting cooperation in outer space, or by cutting supplies of components for Boeing aircraft, [and] close the supply of titanium," said Petr Pushkarev, chief analyst of TeleTrade.
Russia may also limit the supply of drugs, tobacco and alcohol from the United States.
It seems the trade wars just went global.
Comments
But not the Vodka right?
The myth that Russia only sells low tech and raw materials falls apart when we learn that US airspace industry depends on Russian engines and high tech components.
The Western MSM is having hard time keeping up their lies when reality strikes.
In reply to But not the Vodka right? by Occident Mortal
In response, NASA announced it will no longer share its power point presentations on Muslim outreach and climate change with the Russians.
In reply to THe myth by Belrev
lol...I bet Obama didn't count on that!
So anywhoo, titanium is the fourth most abundant metal in the Earth's crust after aluminum, iron and magnesium...I'm sure Ivan can find other customers ;-)
In reply to In response, NASA announced… by Being Free
Chrome not so much, and titanium while abundant is rarely concentrated.Its a bit like saying there more gold
in seawater than anywhere else,but with no way to extract it.
In reply to lol...I bet Obama didn't… by nmewn
Yeah, I understand Australia has almost as much as China in known reserves ;-)
In reply to Chrome not so much, and… by Winston Churchill
At what cost ?
Theres a good reason why Atlas Aircraft in South Africa was used to procure,from Russia, all the titanium
for the western MIC's in the cold war.The soviets turned a blind eye but knew exactly what was going on.
A friend of mine tried to produce titanium in Australia and failed,struck it rich in gold though.
In reply to Yeah, I understand Australia… by nmewn
... this is where you’ll find the summary of that Tit deal ... >>> http://www.boeing.com/resources/boeingdotcom/company/key_orgs/boeing-international/pdf/russia-cisbackgrounder.pdf
... “Russian titanium producer Verkhnaya Salda Metallurgical Production Association (VSMPO, now VSMPO-AVISMA) is a Boeing partner and supplier. Boeing awarded its first contract to VSMPO in 1997. Boeing Commercial Airplanes currently purchases 35 percent of its titanium supply from VSMPO-AVISMA. Each 787 Dreamliner contains 56 parts made of Russian titanium, weighing about 22 tons, including heavily machined components from joint venture Ural Boeing Manufacturing and raw material from VSMPO-AVISMA. Boeing and VSMPO-AVISMA are performing joint research and development in new alloys. The Boeing–VSMPO Innovation Center was established in 2000 to expand cooperation and continue new alloy development. In 2006, Boeing and VSMPO also announced a joint venture agreement for the rough machining of titanium forgings, and the 50/50 equity joint venture, Ural Boeing Manufacturing (UBM), opened in July 2009. Russian Prime Minister Vladimir Putin and Gary Locke, U.S. Secretary of Commerce, attended the UBM opening ceremony in Moscow.”
... and sanctions can hit both ways ...
In reply to At what cost ? Theres a good… by Winston Churchill
@nmewn
Ivan is going to be his own buyer anyway, going forward.
Now that Russia has modern weapon systems designed, it's time to ramp up production and build them.
Good for them.
In reply to ... this is where you’ll… by PrayingMantis
My thoughts exactly. They will need more fighters and bombers. The rocket engines will be needed also. I am sure they will send some to the u.s. in the near future though.
In reply to Ivan is going to be its… by Gaius Frakkin'…
MS-21 aircraft look promising and there is the joint widebody with China coming up. Putting Boeing on their heels isn't a bad way to make your market.
In reply to Ivan is going to be its… by Gaius Frakkin'…
Since when did Titanium become a rare earth metal? It's not a Lanthanide metal or Yttrium or Scandium.
In reply to Ivan is going to be its… by Gaius Frakkin'…
Orange and Cranberry juices to crash by 50%
In reply to At what cost ? Theres a good… by Winston Churchill
During the Cold War US MIC got its titanium from .......the USSR.
"Twenty dollars is twenty dollars."
In reply to lol...I bet Obama didn't… by nmewn
Via Atlas Aircraft in South Africa actually,great guys to do sanctions busting with,did some myself with
them long ago.
In reply to During the Cold War US MIC… by Offthebeach
And you can get it here...... Australia, Canada, India, Mozambique, New Zealand, Norway, Ukraine and South Africa,
In reply to lol...I bet Obama didn't… by nmewn
The cost of scaling up production will be immence. It will also take time . Hope the u.s. can wait in the meantime.
In reply to And you can get it here… by Dugald
Russian mentality is different from the self entitled American one. They don't make a lot of fuss about things but when pissed off they would give 1, 2 or even maybe 3 or more warnings. After that you're done. You can't win against them on their land. You're not strong enough.
This is what is happening to America, and next in line will be Europeans.
Wait until they stop shipping platinum too.
----
It's okay not to be a Jew.
In reply to In response, NASA announced… by Being Free
Russia should claw back what they sold in the last six months. China could use it.
In reply to X by Adolph.H.
Lucky Russia.
In reply to In response, NASA announced… by Being Free
Even more amusing is it not ...
40% Boeing + 60% Airbus = 100% so it is a 100% export product.
Crafty as well looks like they make the parts so you get the whole production cycle for gain.
If I was Russia I would just massively inflate the cost then go and buy all sanctioned goods from China that I need and use the extra cash to pay for it ... or if inflated enough turn a profit.
In reply to THe myth by Belrev
>> 40% Boeing + 60% Airbus = 100% so it is a 100% export product.
No, both China and Russia manufacture aircraft that use Russian manufactured titanium parts.
Titanium is high tech stuff, that's why parts are manufactured in Russia.
Boeing would have no difficulty in sourcing titanium sponge (semi-processed raw material), but that doesn't give them what they need. Boeing can get the titanium parts from other sources including from Lockheed. It is just more time, money and production delays wherein they lose out to competition from Airbus. Money, time, market share, but not any crucial impossibilities.
In reply to Even more amusing is it not … by GreatUncle
I remember talking to an Air Force pilot in the eighties . He said that he and his buddies built a bong from engine parts made from titanium. Cost was several thousand dollars payed for by , you guessed it , Uncle Sam ( you and me).
In reply to >> 40% Boeing + 60% Airbus =… by HenryHall
I remember talking to an Air Force pilot in the eighties . He said that he and his buddies built a bong from engine parts made from titanium. Cost was several thousand dollars payed for by , you guessed it , Uncle Sam ( you and me).
In reply to >> 40% Boeing + 60% Airbus =… by HenryHall
The Russian economy is 1.7 trillion The US economy is 17 trillion
After 70 yrs of Stalinist government The Russians do not lead the world in tech because the were commies for the past century.
In reply to THe myth by Belrev
What is considered "tech" iphones or rocket engines.
They have had different priorities.
In reply to The Russian economy is 1.7… by cantscratchfever
And we're commies, now.
In reply to The Russian economy is 1.7… by cantscratchfever
NO. Russia was done over in the 90s and lost 85% of everything. The USA and UK got in there, poor Yelstin was drunk dying and blackmailed, and the {{oligaths}} carried off everything as planned or baked in the cake from the very beginning... thats what martxism is about.. based on the talmudic end. Yelstin gave Rus to Putin to save and he did it. Changed laws so the oligaths who thought he was a pushover had to runforrit.. uk usa and israel
In reply to The Russian economy is 1.7… by cantscratchfever
It's not how much you make but how much you keep.I'm looking at full retirement in a few years, I have no debt and savings but I make well under 6 figures, would I rather be in my position or rather be a multi-millionaire with multi-millions of debt. The US's 17 trillion is meaningless and how much of the GDP is government spending?
In reply to The Russian economy is 1.7… by cantscratchfever
US economy was more than 10 times the Russian Empire's economy back in the time of the Bolshevik revolution too. Russia has always achieved more with less. That is why Russia, but not China, is the only nation today realistically capable of turning the 48 States into radioactive dust if they go too far.
In reply to The Russian economy is 1.7… by cantscratchfever
They've been behind the curve since before Peter the Great.
In reply to The Russian economy is 1.7… by cantscratchfever
Their population is less than half of US population. That could contribute to some of the difference. Also, keep in mind that the US exports a lot of financial GDP.
In reply to The Russian economy is 1.7… by cantscratchfever
I forgot where I read it but someone calculated the real US GDP at 5-10T with the remainder being services, financial and otherwise.
17T makes for a great headline number but what does that really buy you? we know we overpay for healthcare by 400+%. Drugs and procedures are often 1/5 the cost elsewhere. What other aspects of the US economy are inflated like this?
In reply to Their population is less… by chestergimli
Idiot use PPP GDP rather than the outmoded nominal GDP measurement.
In PPP Russia is 4.6 trillion PPP GDP!!'
In reply to The Russian economy is 1.7… by cantscratchfever
The 17 trillion dollar U.S. economy is highly suspect. Take a look at these statistics and you will see that only about 12% of the U.S. GDP is comprised of manufacturing while 45% is comprised of finance, real estate, insurance, government and business services.
https://www.statista.com/statistics/248004/percentage-added-to-the-us-g…
In reply to The Russian economy is 1.7… by cantscratchfever
The Russian’s will make it into law on Monday !!
Bout time they cut the Zio/US off from everything !
Russia has been far to generous !!
In reply to THe myth by Belrev
You don't need Russian forgings in your key structural parts. You don't need Chinese rare earth materials in your high tech equipment. Just put some other crap in them and issue subtle warning that the planes might crash on take-off and landing and high tech stuff has a virus in it.
In reply to THe myth by Belrev
US sells low-tech like peanuts and cotton and walnuts
In reply to THe myth by Belrev
The titanium is actually in finished products which means Russia has the materials AND the technology/
In reply to THe myth by Belrev
Titanium is not a high tech component, you fool
In reply to THe myth by Belrev
It's called "shitting where you eat".
You build civilian aircraft for the public and all the while you get short term rich building military drones that can be used to engage in war. Then, when tensions rise, you wonder why you can't get materials from some of the countries where your drones are being used.
In reply to But not the Vodka right? by Occident Mortal
You don't stop delivery.
You jack up the price of Titanium.
Then watch Airbus win sales over Boeing.
Then watch the backlash against the war hawks and Boeing stocks.
In reply to But not the Vodka right? by Occident Mortal
Yup, a nice big export tax with rebates available for exports that don't cross oceans. Its a Climate change tax!
In reply to You don't stop delivery. You… by HRClinton
Stopping delivery is much more fun.
The price will skyrocket and they'll be running around like headless chickens.
Instant karma.
In reply to You don't stop delivery. You… by HRClinton
Boeing doesn't make aircraft. They design, partly, and final assemble components from all over the world. Titanium will be from Russian via "Canadian, and other countries"
In reply to You don't stop delivery. You… by HRClinton
Nope~ The US just negotiates with the French to not buy Titanium from Russia and Boeing does the same. Form a partnership to do the parts for themselves and screw the dipshit Slavs out of every fucking ruble of sales.
In reply to You don't stop delivery. You… by HRClinton
If they are dipshits there's nothing for you to be concerned about is there?
In reply to Nope~ The US just negotiates… by bluecollartrader
I'm sure the US has stolen the recipes of good vodka from Russia since years. You know, like Americans have the habit to repeat the Chinese are, all the time.
In reply to But not the Vodka right? by Occident Mortal
Titos is as good or better than any vodka in the world, especially that squeezed Goose shit from France
In reply to But not the Vodka right? by Occident Mortal
For your info:
According to alcohol import reports from the Distilled Spirits Council, Russia is only the eighth largest vodka importer to the U.S. by volume, and the seventh by dollar amount. The country with arguably the strongest association with vodka sells less vodka in the U.S. than countries that many Americans would have trouble pointing to on a map.
The total amount of vodka imported to the U.S. from Russia in 2017 was 555,845 proof gallons (a liquid gallon of spirit at 50 percent alcohol by volume, making a standard 40 percent ABV bottle around .8 proof gallons). The U.S. imported 39,001,202 proof gallons of vodka total in that time frame, meaning Russian vodka makes up only around 1.4 percent of foreign vodka in the U.S. According to the Distilled Spirits Council import volume numbers, the countries ahead of Russia by volume are:
Sweden: 14,304,340 proof gallons, or 37 percent of total vodka imports.
France: 9,203,091 proof gallons, or 23 percent of total vodka imports.
The Netherlands: 4,359,949 proof gallons, or 11 percent of total vodka imports.
Poland: 2,982,358 proof gallons, or 7 percent of total vodka imports.
Latvia: 2,913,510 proof gallons, or 7 percent of total vodka imports.
United Kingdom: 2,249,924 proof gallons, or 5.8 percent of total vodka imports.
Finland: 587,981 proof gallons, or 1.5 percent of total vodka imports.
https://www.google.com/search?q=vodka+exports+by+country
Below are the 15 countries that exported the highest dollar value worth of vodka during 2016:
The listed 15 countries shipped 90.9% of global vodka exports in 2016 by value.
Five of the above countries increased their vodka exports since 2012: Belarus (up 76.5%), Lithuania (up 44.4%), Italy (up 36.6%), Poland (up 6.6%) and Germany (up 4.2%).
Those countries that posted declines in their exported vodka sales were led by: Ukraine (down -68.3%), United Kingdom (down -58.1%), Russia (down -41.4%), Finland (down -21.8%) and Sweden (down -20.2%).
In reply to But not the Vodka right? by Occident Mortal
Pagination