News, Rumors and Opinions Wednesday 8-6-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 6 August 2025

Compiled Wed. 6 August 2025 12:01 am EST by Judy Byington

Judy Note: As of August 2025 the world was (allegedly)  functioning on the new Global Financial System of gold/asset-backed currencies, where debt was(allegedly)   being erased and currencies of 209 nations were traded at a 1:1 with each other.

NESARA/GESARA debt relief will be announced to the world, which will show that EVERYTHING NEW is beginning.

At the end of the 12 days, they will give out an 800 number for individuals to call to obtain an appointment to set up your Quantum money account on the new Star Link Satellite System.

Tues. 5 Aug. 2025: INTEL REPORT: THE TIER 1–5 STRUCTURE EXPOSED — THE INVISIBLE ENGINE BEHIND GCR 2025 …QFS on Telegram

Everyone’s heard of the Global Currency Reset. But almost no one understands how it’s actually structured. A classified leak just confirmed what insiders have whispered for years — the GCR operates on a covert Tier 1–5 structure. And whether you realize it or not, you’re already in it. This has nothing to do with age, income, or medical risk. This is about awareness, positioning, and strategic access in the silent war for global finance. It’s not about money. It’s about consciousness.

Tier 1 holds the crumbling core of the old world: central banks, sovereign treasuries, the IMF, BIS, and dynastic banking families. They are first in line not by merit, but because they control the valves of liquidity. Their time is ending — but their cooperation was required to drain the swamp.

Tier 2 comprises private banks, massive family trusts, religious finance networks, and philanthropic shells. Historically, they moved stolen assets and masked black operations, but now they’re being forced to act as transitional gatekeepers for lawful asset flow. Some have flipped. Others are being dismantled. Either way, they no longer call the shots.

Tier 3 is where real wealth lives. Historical bondholders, private families, and silent giants holding Qing Dynasty Dragon Bonds, German gold certificates, Philippine estate claims, and sovereign debt notes suppressed for decades. Their redemption doesn’t just inject liquidity — it deletes fraudulent fiat overlays and resets history. These are not digital traders. These are the vault keepers of a stolen planet, and their clearance signals the end of artificial scarcity. Behind them, Tier 4A handles the operations — military engineers, QFS testers, off-ledger validators, and secure intel cells coordinating redemptions with military precision. They don’t appear on camera, but without them, this operation would fail.

And then comes Tier 4B — the digital army. You. Us. Millions worldwide who woke up early, followed encrypted intel, acquired ZIM, IQD, VND, read classified drops, studied NESARA/GESARA, and understood this was never just about money. We are not investors — we are spiritual warriors. The ones who prepared in silence while the world mocked us. Tier 4B is slated for private notifications, secured redemption access, and possible leadership roles in the post-reset world. We didn’t buy our position — we earned it. Not with dollars, but with discernment, discipline, and the refusal to kneel to illusion.

Tier 5? That’s the general population. Unaware, unprepared, and still hypnotized by a dying system. And while we pray for their awakening, they will not move first. Because this reset is tiered by design — a structure not of financial class, but of frequency. The Reset doesn’t reward status. It rewards vision. Those who saw through the veil, acted in faith, and held the line now stand on the edge of a global shift. And when the signal comes, we’ll know — because we were never meant to follow the plan. We were built to activate it.

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Tues. 5 Aug. 2025 NESARA + GESARA …QFS on Telegram

No Poverty, No Hunger, No Debt, Only Global Prosperity and Peace for ALL!

GESARA (Global Economic Stabilization and Recovery Act) was(allegedly)   voted to be implemented by all 209 sovereign nations of the world, per the signed 2015 Paris Agreement on Climate Change, starting with the restored Republic of the United States, known as NESARA (National Economic Stabilization and Recovery Act).

NESARA cancels all credit card, mortgage, and other bank debt due to illigal banking and government activities. Many refer to this as a “jubilee” or complete forgiveness of debt. Abolishes Federal Income Taxes in the U.S. (allegedly)  Creates a 17% flat rate non-essential new items only sales tax revenue for the government. In other words, food and medicine will not be taxed, nor will used items such as old homes. Abolishes the Internal Revenue Service(allegedly)   (IRS), with employees of the IRS will be transferred into the US Treasury national sales tax area.

GESARA will now affect the Republic along with the rest of the world amounting to a total of all sovereign nations. The new financial system is part of GESARA law. The IMF will (allegedly)  announce the “global gold-standard monetary system” once GESARA is announced. All remaining fiat currencies will be cashed in for gold-standard currency. Paper money will eventually be phased out and all currencies will be digital under the new financial system — with the elimination of the national debt of every nation on Earth, taxes will be adjusted to be lower for citizens and corporations.

 The new financial system has been(allegedly)   online for months and is hosted on a protected quantum server that cannot be hacked or accessed without permission.

People will live in the moment of now — growing their own food & food for others. Many people are actually going to enjoy their jobs as they experience it gives them meaning and purpose, another way to serve. Those that don’t hold jobs will find alternative ways to experience happiness and contribute to the common good.

As the time approaches for a great change in our society, it is time to transform pain and suffering from past experiences into joy, peace and prosperity! A new day is dawning that will bring in a caring and respectful epoch for humanity!

Planet Earth and humanity are experiencing The Great Shift of Consciousness, also known as Ascension or The Great Awakening into Unity Consciousness. Mother Earth is returning to be a sacred planet, and is taking the entire human population with her (whoever wants to go). It’s a Golden Age beyond our wildest imaginations.

Read full post here:  https://dinarchronicles.com/2025/08/06/restored-republic-via-a-gcr-update-as-of-august-6-2025/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  The rate change will occur when the [Iraqi] banks are closed, not during business hours.  It'll be a massive shutdown all across the board.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Finance Minister is talking with the World Bank on opening a permanent office inside of Iraq.  The US Treasury already has a permanent office on the 8th floor at the CBI building.  They're all pouring in to protect us.

Walkingstick   [Iraqi banking friend Aki update]  I am a private bank.  We are not associated with the CBI.  We follow international laws and me being in the United States I follow the American banking and international laws and instructions.  Aki does not deny the RI is coming, nor are the American banks anymore.  Come.  When this blessing occurs my arms will be open to all...I am preparing for you just like all the banks in America.  All your banks are on the same page.  They all want your business.  So do I. 

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Extreme Risk In Markets: Insider Stock Dumping & Gold Buying | Andy Schectman

Liberty and Finance:  8-5-2025

Andy Schectman, president & CEO of Miles Franklin Precious Metals, discusses a global shift in trade and monetary systems, emphasizing the growing influence of BRICS, the Belt and Road Initiative, and alternative settlement networks that threaten the U.S. dollar's dominance.

He warns that the U.S. Treasury appears to be preparing to lower interest rates through a new Fed appointee, potentially sparking more inflation and pushing for a gold-pegged monetary policy.

Schectman raises alarms about the erosion of privacy through stablecoin regulations and centralized control, describing it as a hijacking of decentralized finance.

He highlights the record levels of margin debt and insider stock dumping, which signal extreme risk in financial markets while institutions load up on commodities.

Finally, he critiques misleading economic data and urges people to protect their wealth with physical assets like gold and silver, emphasizing that systemic fragility is accelerating.

INTERVIEW TIMELINE:

0:00 Intro

4:05 Gold & silver market update

11:12 Stable coins

20:20 BRICS update

28:00 Stable coins & centralized control

32:10 Dollar's decline

 38:31 Concerning market data

https://www.youtube.com/watch?v=QuOiHlxQITc

Iraq Economic News and Points To Ponder Wednesday Morning 8-6-25

Ministry Of Planning: The Five-Year Development Plan Will Reduce Unemployment Rates To Below 10 Percent

Buratha News Agency1762025-08-05   The Ministry of Planning revealed, on Tuesday, the most prominent quantitative, economic and social targets included in the five-year development plan for the years (2024-2028), indicating that the five-year development plan will reduce unemployment rates to less than 10 percent.

The official spokesperson for the ministry, Abdul Zahra Al-Hindawi, said: “The plan aims to achieve an annual economic growth rate of 4.24 percent,” explaining that “this rate depends on several factors, most notably oil prices, the size and composition of investments, industrial production, and international trade.”

He added that "among the plan's primary objectives is to maintain the population growth rate at its current level of 2.5%, based on the results of the population census, in line with the requirements of developing human capital."

He pointed out that "the plan seeks to reduce unemployment rates by no less than 10% from the current level of 13%, while maintaining stable inflation rates that do not affect the poor segments and support job creation."

Regarding investments, he explained that "the plan aims for government investments to constitute approximately 65% of total investments during the implementation period, compared to 35% for the private sector."

He also indicated that "poverty rates will witness a decline to less than 15% at the national level," adding that "the plan places special attention on developing the manufacturing industries and increasing their contribution to the GDP to more than 2%, in addition to raising the contribution of the agricultural sector to 3%.

The plan also aims to reduce dependence on oil, by diversifying sources of income and achieving growth in non-oil sectors, with expectations that the contribution of the oil sector to the GDP will decline by up to 25% from its current level during the five-year plan."  https://burathanews.com/arabic/news/463705

The Bank Of Baghdad Denies Suspending Dollar Transfers

Banks  Economy News – Baghdad  The Bank of Baghdad denied on Monday reports circulating about a suspension of dollar transfers, stressing that the bank continues to provide its banking services as usual and regularly.

The bank clarified in a statement received by Al-Eqtisad News that all banking operations, including foreign transfers in dollars, are conducted in accordance with the controls and instructions issued by the Central Bank of Iraq and in line with standards of financial compliance, governance, and transparency.

The statement added that the Bank of Baghdad is fully committed to implementing the instructions of the Central Bank of Iraq, calling on the media and the public to exercise accuracy and refrain from circulating rumors or unreliable information.   https://economy-news.net/content.php?id=58343

Kurdish Sources: Erbil Refuses To Hand Over Non-Oil Revenues And Prevents Baghdad Committees From Auditing.
 
5 Aug Information/Baghdad.. Informed Kurdish sources revealed on Tuesday that the implementation of the financial agreement between the  federal government and the  Kurdistan Regional Government (KRG)   continues to stall   due to the latter's refusal to hand over non-oil revenues to Baghdad.
 
Sources told Al-Maalouma News Agency that "the regional government is not prepared to hand over
 oil and     non-oil revenues to the federal government,   contrary to the agreement signed between the two parties," noting that  "the Kurdistan Regional Government has refused to allow the relevant federal government committees to review local non-oil revenues." 

She added, "The region expressed its willingness to hand over 120 billion dinars of local revenues for this month alone, but refused to commit to transferring the amount for future months,  claiming the sum was too large."  The sources confirmed that
 
"the regional government delegation that recently visited Baghdadofficially informed the federal government delegation that  it was not allowed to audit non-oil revenues," explaining that
 
"the government delegation submitted a detailed report to Prime Minister Mohammed Shia al-Sudani,
 which included the obstacles hindering the implementation of the agreement with the region."   
https://almaalomah.me/news/106549/economy/مصادر-كردية:-أربيل-ترفض-تسليم-الإيرادات-غير-النفطية-وتمنع-لج    

Al-Marsoumi Reveals The Secret: Why Is Iraq Sending Its Gas To Iran? "100 Million Cubic Feet Per Day"
 
Economy    2025-08-05 |  Source:   Alsumaria News   4,633 views   Alsumaria News -  Economic expert Nabil Al-Marsoumi revealed details of a new agreement between Iraq and Iran, which stipulates the transfer of associated gas from oil wells in Maysan to Iranian territory for   processing and   re-use as fuel for power plants.  Al-Marsoumi explained that
 
100 million cubic feet per day from Maysan to Iran
 
the agreement stipulates the transfer of 100 million cubic feet of associated gas per day from wells oil in Maysan province to Iran.
 
Tehran will  process this gas and return it to Iraq to be used to operate power plants.  Al-Marsoumi pointed out that
 
Challenges of associated gas flaring in both countries
 
this agreement comes amid significant challenges facing both countries in dealing with associated gas.

Despite possessing vast reserves of free natural gas,  Iran ranks second globally after Russia in flaring associated natural gas,  flaring 20.4 billion cubic meters in 2023.  

Al-Marsoumi attributed  this problem to a lack of investment in natural gas infrastructure and Iran's failure to develop and install essential equipment to collect associated gas from oil fields over the past two decades.   
https://www.alsumaria.tv/news/economy/536019/المرسومي-يكشف-السر-لماذا-يرسل-العراق-غازه-لإيران؟-100-مليون-قدم-مكعب-ي    

Iraqi Oil In The Grip Of The "Dragon"... An Expert Explains The Motives For Baghdad's Openness To China
 
Time: 2025/08/05 Reads: 870 Times  {Economic: Al-Furat News} Oil expert Hamza al-Jawahiri revealed that  Iraq's preference for Chinese companies to invest in its oil sector is due to"their conditions being less stringent than those of other international companiesand offering better conditions." 

Al-Jawahiri said in a statement to {Al-Furat News}:  "This preference is not limited to one company,   but extends to dozens of companies,  all working to invest in the country." 

He explained that  "the technology used in the extractive industry is no longer the monopoly of former international companies," emphasizing that’  "most countries are now capable of developing their oil and extractive industries,including national ones."  Al-Jawahiri considered that
 
"these factors are what pushed China to invest in Iraq," noting that "there are other companies working to invest outside of Iraq and can achieve greater profits with the same effort expended in Iraq."
 
Attention has recently turned to the increasing activity of independent Chinese oil companies in Iraq,
where their investments have doubled to billions of dollars in a country that is
the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC).
 
This is despite the reduction of major international companies' presence in
the Iraqi market, which is now dominated by major state-owned Chinese companies.
 
In contrast, executives of smaller Chinese companies believe that the investment climate in Iraq has witnessed a significant improvement,due to relative political stability and the Iraqi government's keenness to attract both Chinese and Western investment. https://alforatnews.iq/news/النفط-العراقي-في-قبضة-التنين-خبير-يوضح-دوافع-انفتاح-بغداد-على-الصين    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Wednesday Morning 8-6-25

Good morning Dinar Recaps,

BRICS Turns Crisis Into Opportunity: India Reconsiders U.S. Alliance as China Opens Trade Lifelines

With Washington escalating tariffs and pressure, India and Brazil deepen BRICS economic cooperation amid U.S. hostility

As tensions between India and the United States escalate, BRICS is quietly reshaping global trade dynamics, offering member nations economic alternatives that blunt the impact of Western tariffs. In the wake of President Donald Trump’s 25% to 50% tariff threats on Indian and Brazilian exports, member states are rapidly reassessing their foreign policy orientations — and China is stepping in to fill the void.

This realignment has become particularly visible as India faces one of the sharpest diplomatic downturns with Washington in decades, while Brazil gains new Chinese market access to counteract U.S. economic penalties.

Trump’s Tariff Ultimatum Triggers Diplomatic Rethink in India

Trump’s trade offensive against India, launched via Truth Social on August 1st, directly tied high tariffs to India's continued imports of Russian oil and its perceived unwillingness to align with Western sanctions. The President's rhetoric was scathing:

“India, Russia can take their dead economies down together, for all I care.”

In a particularly antagonistic swipe, Trump even floated an oil collaboration with Pakistan, hinting that Islamabad might one day supply India — a move many analysts read as calculated provocation.

Beyond rhetoric, Trump's criticism laid bare longstanding U.S. frustrations:

• India’s trade surplus with the U.S. now exceeds $45.7 billion

• High non-monetary trade barriers persist

• India remains the largest buyer of Russian energy and defense equipment

U.S. Secretary of State Marco Rubio reinforced this stance in a Fox Radio interview, criticizing India’s energy partnerships:

“Unfortunately, [India buying Russian oil] is helping to sustain the Russian war effort.”

India’s Ministry of Commerce & Industry responded tersely:

“The Government will take all steps necessary to secure our national interest.”

China Offers India a Strategic Alternative Through BRICS

As U.S.-India ties fracture, China has emerged as an unexpected diplomatic backchannel for India. At the 2025 BRICS Summit in Rio de Janeiro, China publicly backed India’s long-standing bid for UN Security Council reform — a gesture widely interpreted as an olive branch amid historic Sino-Indian rivalry.

Even more significant are the financial and policy shifts underway:

• India has received $12 billion in financing from the AIIB and $7.5 billion from the BRICS-led New Development Bank

• Reports indicate that India’s NITI Aayog may ease Chinese investment restrictions, allowing up to 24% foreign ownership without prior security clearance — a reversal from post-Galwan policy trends

These economic incentives, coupled with China’s diplomatic tone, suggest a reshaping of India’s calculus inside the BRICS alliance.

Brazil Finds a Lifeline in Chinese Trade Corridors

Simultaneously, Brazil has emerged as a primary test case for BRICS trade cooperation, leveraging the bloc’s cohesion to circumvent Trump’s 50% tariff on Brazilian goods, particularly coffee exports.

In a direct countermeasure:

• China has approved 183 Brazilian coffee companies for duty-free exports to its domestic market

• The deal ensures Brazilian exporters can offset U.S. tariff losses by gaining unrestricted access to Chinese consumers through 2030

• Additionally, 30 sesame-exporting firms in Brazil have also secured tariff-free export licenses to China under a four-year agreement

This shift not only mitigates U.S. penalties, but strategically strengthens intra-BRICS trade routes and dependence — a quiet but profound blow to Western leverage over emerging economies.

India’s Crossroads: Transactional U.S. Ties vs. Strategic BRICS Realignment

The deepening rift with Washington has led some analysts to speculate on extreme scenarios, including whether India could be pressured out of BRICS, or conversely, whether it will double down on its role in the multipolar alliance.

According to Derek J. Grossman, national security expert:

“This is the worst phase of India-U.S. relations in 25 years. We’re watching 25 years of progress rapidly unravel.”

With BRICS now accounting for 56% of global population and 44% of world GDP, the implications are massive. India is no longer merely navigating a bilateral trade dispute — it is at a geopolitical crossroads.

Conclusion: BRICS Evolves as a Shield Against U.S. Economic Coercion

Whether through China’s open market initiatives or BRICS’ development financing model, a clear pattern is emerging: the bloc is evolving into a strategic alternative to the U.S.-led order — one that prioritizes sovereignty, infrastructure development, and tariff resilience.

For India and Brazil, BRICS is no longer a symbolic coalition — it’s becoming a lifeline in the face of global economic weaponization.

@ Newshounds News™
Sources:
Watcher Guru – India BRICS Relations Wake-Up Call
Watcher Guru – BRICS Allows 183 Companies Direct Market Access to Bypass Tariffs

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 8-6-2025

TNT:

Tishwash:  Oil Minister from Kirkuk: Today or tomorrow we will resume oil exports via Ceyhan, Turkey.

Oil Minister Hayan Abdul Ghani inaugurated on Wednesday a number of development and rehabilitation projects for oil stations in Kirkuk Governorate, while stressing that today or tomorrow we will resume oil exports via Ceyhan, Turkey.

The minister told the Iraqi News Agency (INA): "A number of development and rehabilitation projects for oil stations in Kirkuk Governorate have been inaugurated," noting that "today or tomorrow we will resume oil exports via Ceyhan, Turkey, as we will export 80,000 barrels per day as a first phase after the agreement with the region."

He continued: "We were able to increase production at the wet oil station by 25,600 barrels per day," stressing that "90,000 barrels per day is the total capacity of the wet oil station north of Kirkuk."link

Tishwash:  A Kurdistan Regional Government (KRG) financial delegation has arrived in Baghdad to discuss the salary issue

 A technical delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad to resume talks on the salaries of employees and the work of joint committees.

"A technical delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad today to discuss the salaries of the employees and the work of the joint committees," a source in the Ministry of Finance and Economy told PUKMEDIA.

The Iraqi Council of Ministers held a regular meeting on Tuesday to discuss the issue of oil and salaries in the Kurdistan Region.

Meanwhile, Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani said in Kirkuk: "We are in talks with the Kurdistan Region to receive and export oil through SOMO and currently produces about 130,000 barrels of oil per day "We are ready to receive the oil from the Kurdistan Region," he said.  link

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Tishwash:  Oil: Major global energy companies confirm participation in the Baghdad International Energy Forum.

The Ministry of Oil confirmed on Tuesday that major international energy companies have confirmed their participation in the Baghdad International Energy Forum.

The ministry said in a statement received by the Iraqi News Agency (INA): "The Ministry of Oil confirms the participation of major international energy companies, including BP, TotalEnergies, Chevron, Eni, and Shell, in the Baghdad International Energy Forum, scheduled to be held in the capital, Baghdad, on September 6 and 7."

She added, "This broad participation reflects international companies' interest in the Iraqi oil sector, the investment opportunities and strategic partnerships it offers, and Iraq's pivotal position in global oil markets."

She continued, "These companies will be represented by senior delegations and executives who will participate in the forum's specialized dialogue sessions, which will focus on issues related to oil markets, energy security, sustainability, and the transition to renewable energy."

According to the ministry, the forum is being held under the auspices of the State Oil Marketing Organization (SOMO) and attended by energy ministers and international experts, making it an important international platform for enhancing cooperation and exploring the future of energy in Iraq and the region.  link

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Tishwash:  Ports: Any ship that does not carry official documents will not enter Iraq.

The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, confirmed today, Tuesday, that the security forces protecting the Khor Abdullah Canal are working continuously to secure goods.

Al-Fartousi said in a press statement, "There is continuous monitoring of all ships entering the Khor Abdullah Canal, and the Iraqi authorities are working to verify the official documents of all ships entering the canal," adding that "territorial waters are subject to the law and authority of the state."

He added, "The military and security forces are conducting a survey of Iraqi territorial waters to investigate all commercial and oil vessels present in the waiting areas."  link

Mot:  It is Sooo Great That Folks Help out the Seasoned Peoples!!!

Mot: . All Sources Seem to Agree --That it will Happen ~~tomorrow

https://www.youtube.com/watch?v=3IBdFVOkxR4&list=RD3IBdFVOkxR4&start_radio=1

Market Trend Change: $4100 Gold & Financial Reset

Market Trend Change: $4100 Gold & Financial Reset | Chris Vermeulen

Liberty and Finance:  8-5-2025

Chris Vermeulen warns of a significant market trend reversal, suggesting the stock market may be topping and on the brink of a sharp decline, similar to the 2008 financial crisis.

He points to a looming financial reset, with gold emerging as a safe haven amid growing investor fear.

Based on technical analysis, Vermeulen forecasts gold could surge to $4,100, following a breakout from a bullish pattern. As large-cap gold miners begin to lead, he favors physical gold and gold ETFs over volatile assets like silver or platinum.

INTERVIEW TIMELINE:

0:00 Intro

1:16 Trend change for stock market & gold

6:15 Silver

 8:19 Platinum

9:50 Mining stocks

 11:00 Fundamentals vs technical analysis

12:53 Financial reset

https://www.youtube.com/watch?v=CRjq4of9AbM

Iraq Economic News and Points To Ponder Tuesday Afternoon 8-5-25

The Ministry Of Commerce Discusses Developments Regarding Iraq's Accession To The World Trade Organization With The British Embassy+

Tuesday, August 5, 2025 | Economic Number of reads: 351  Baghdad / NINA / Director General of the Department of Foreign Economic Relations at the Ministry of Trade, Riyadh Al-Hashemi, discussed with the Head of the Commercial Section at the British Embassy in Baghdad the latest developments in Iraq's accession to the World Trade Organization and ways to enhance partnership and cooperation between Iraq and the United Kingdom.

Al-Hashemi reviewed the most prominent developments and achievements made by the Ministry in coordination with the relevant Iraqi ministries and authorities to complete the requirements for accession to the World Trade Organization.

Al-Hashemi stressed the Iraqi government's keenness to benefit from the forms of support provided by the United Kingdom in this field, especially with regard to the technical and technological aspects, as it has an impact on enhancing Iraq's opportunities to join, improving the investment climate and developing the business environment.

The two sides also discussed ways to expedite the completion of the necessary procedures for the entry into force of the Partnership and Cooperation Agreement between Iraq and the United Kingdom.

For her part, the Head of the Commercial Section at the British Embassy renewed her country's support for Iraq's accession to the organization, noting the United Kingdom's readiness to provide the required support through cooperation and partnership programs, and contribute to the development of institutional competencies.

At the end of the meeting, the two sides praised the level of coordination and joint cooperation, and stressed the importance of continuing communication to achieve progress on issues of common interest and contribute to developing economic and trade relations between the two countries. /End https://ninanews.com/Website/News/Details?key=1244712

Iraq Regains Part Of Its Market Share With A Measured Increase In Production
August 5, 2025  Baghdad - Qusay Munther  The Ministry of Oil confirmed that it has not dealt with any suspicious tanker within Iraqi territorial waters, while noting that the Kurdistan Region has not yet committed to delivering any of its oil production in accordance with the agreement concluded with Baghdad.

 “Iraqi ports are secure and are managed in close coordination with security and operating agencies,” said Ali Nizar Faiq, director general of the Iraqi Oil Marketing Company (SOMO).

He added that “the leaked document in circulation is real, but it is a normal routine procedure aimed at controlling oil tanker loading schedules.” He pointed out that “the document was directed exclusively to the relevant security agencies, in a high-level format, to ensure tight control over export operations.”

Faiq explained that “any suspicious tanker will be located by the competent authorities.” He pointed out that “the four tankers mentioned in the document have been monitored, and may be loaded with industrial materials unrelated to oil.”

He stressed that “there are no current or future dealings with companies or entities subject to sanctions, and measures are being taken to remove any suspicious tanker from Iraqi territorial waters.”

He went on to say that “Iraqi daily oil exports range between 3.35 million and 3.4 million barrels, 78 percent to 80 percent of which go to Asian markets, as they are developing markets with high consumption.”

“The increase decided by OPEC for Iraq through oil production is a well-studied increase, as the market conditions were studied in terms of production, demand, and the extent of balance in the global oil market between supply and demand,” Faiq said.

“The increase only comes after ensuring that the market can bear it through OPEC experts and the countries allied with it,” he explained, explaining that “the increase came from the voluntarily reduced quantities, not from the original reduced quantities, according to the agreement between these countries.”

 He added that “this increase serves these countries and restores their market share somewhat, including Iraq in the global markets, except that…” Prices are also rising, supported by existing demand during the third quarter of this year.

Oil prices were unchanged after falling for three days, due to growing concerns about oversupply after OPEC+ agreed to another large production increase in September, but the possibility of further disruption to Russian supplies supported the market.

Brent crude futures settled at $68.76 per barrel, while US West Texas Intermediate crude fell two cents, or 0.03 percent, to $66.27 per barrel. Both crudes fell more than 1 percent in the previous session, reaching their lowest levels in a week at settlement.

 Meanwhile, the Southern Electricity Transmission Company confirmed that the operation of a new power transmission line will strengthen the power system in Dhi Qar and Muthanna governorates.

The Director General of the Southern Electricity Transmission Company, Hazem Lafta, said in a statement yesterday that “the operation of the Dhi Qar-Muthanna 400 kV combined power transmission line with a capacity of 2,000 megawatts, with 237 towers and a length of 90 kilometers, came based on the directives of Prime Minister Mohammed Shia Al-Sudani and the Minister of Electricity, Ziyad Ali Fadel,” stressing that “this line will contribute to strengthening the energy system and improving the performance level of the national grid in the provinces of Dhi Qar and Muthanna.”

He pointed out that "the work was completed in record time by the national staff of the Ministry of Electricity and the supporting and contracting parties."   LINK

The Dollar Price Stabilized In Local Markets As The Stock Exchange Closed

Tuesday, August 5, 2025, | Economic Number of reads: 123  Baghdad/NINA/ The dollar exchange rates stabilized in the markets of Baghdad and Erbil governorates, with the closing of the stock exchange on Tuesday evening.

The dollar prices maintained their stability in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate recorded 139,950 dinars per 100 dollars, the same prices recorded this morning.

The selling prices in exchange offices in the local markets in Baghdad reached 141,000 dinars for every 100 dollars, while the purchase price reached 139,000 dinars.

In Erbil, the dollar prices also recorded stability, as the selling price reached 139,850 dinars, and the purchase price 139,750 dinars per 100 dollars. https://ninanews.com/Website/News/Details?key=1244791

Gold Rises, Supported By A Weaker Dollar And Lower US Treasury Yields

Tuesday, August 5, 2025 | Economic Number of reads: 189  Baghdad/ NINA /Gold prices rose for the fourth consecutive session on Tuesday, supported by a weaker dollar and lower US Treasury yields, as weaker-than-expected US jobs data reinforced bets on an interest rate cut in September.

Spot gold rose 0.1 percent to $3,375.89 per ounce, while US gold futures also rose 0.1 percent to $3,430.40.   The dollar index hit a near one-week low, making gold more accessible to holders of other currencies, and the yield on the benchmark 10-year Treasury note fell to a one-month low.

Among other precious metals, spot silver rose 0.1 percent to $37.44 an ounce, platinum gained 0.1 percent to $1,330.31, and palladium rose 0.2 percent to $1,204.25 . https://ninanews.com/Website/News/Details?key=1244721

Due To Increased Supply, Global Oil Prices Stabilize.

Economy | 05/08/2025  Mawazine News - Follow- up Oil prices were little changed on Tuesday after three days of declines due to mounting concerns about oversupply after OPEC+ agreed to another large production increase in September, but the possibility of further disruption to Russian supplies supported the market.

Brent crude futures were steady at $68.76 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 2 cents, or 0.03%, to $66.27 a barrel. Both contracts fell more than 1% in the previous session and settled at their lowest levels in a week.
https://www.mawazin.net/Details.aspx?jimare=264605

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

This Money Expert Says ‘Savers Are Losers’ — Is He Right? Experts Weigh In

This Money Expert Says ‘Savers Are Losers’ — Is He Right? Experts Weigh In

Dawn Allcot  Tue, August 5, 2025  GOBankingRates

Robert Kiyosaki, finance expert and “Rich Dad, Poor Dad” author, has been known for straight talk about the economy. In a recent tweet, he said, “Savers are losers.”

He pointed out that the U.S. Federal Reserve’s way to avoid economic disaster is to print more money. He listed the 1987 market crash, the 1998 long-term capital management (LTCM) crash, the 2019 repo market seizure, the COVID-19 pandemic and the Silicon Valley Bank failure as examples.

 “It’s not a new crisis….it’s the same crisis getting bigger,” he wrote. Then, he warned, “Stop saving FAKE $. Start saving real gold, silver, Bitcoin. Protect your wealth. America is the biggest debtor nation in history… because of the FED. The Biggest Crash in history is coming….soon.”

Is Kiyosaki Right?

By most economic markers, experts said we are not heading for a recession this year. “As of now, the slight jump in inflation may be tied to tariffs, but there’s nothing in the data suggesting an imminent recession,” said Stephan Shipe, Ph.D., CFA, CFP, a finance professor at Wake Forest University and founder of Scholar Financial Advising.

Even so, inflation causes problems with saving, rather than investing. If your money in the bank is growing only at the national average of 0.38%, according to Federal Deposit Insurance Corporation statistics, but inflation is 2.7%, according to U.S. Bureau of Labor Statistics, you’re losing money. A better choice would be a high-yield savings account delivering returns of around 3%, but even then, you’re just barely keeping pace with inflation.

“Given the government’s massive money printing today and foreseeable future, the fiat currencies are devalued consistently through time. The U.S. dollar’s purchasing power is cut by half every 15 to 20 years,” explained CK Zheng, co-founder and chief information officer of ZX Squared Capital.

Technically, savers are losers in that they could end up losing purchasing power over time due to inflation. But even so, finance experts like Suze Orman and Dave Ramsey recommend some funds in an easily accessible, liquid savings account for small emergencies like car or home appliance repairs. “The truth of the matter is 75% of the people in the United States do not have at least $400 in savings for an emergency,” according to Orman in a recent GOBankingRates article

If you don’t have any high-interest debt, according to the Ramsey Solutions blog, you should strive to save three to six months’ worth of living expenses in an emergency savings account.

Should You Put Money Into Alternative Assets?

TO READ MORE:  https://www.yahoo.com/finance/news/money-expert-says-savers-losers-141608997.html

FRANK26….8-5-25….DEVALUE

KTFA

Tuesday Night Video

FRANK26….8-5-25….DEVALUE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=UoWAgVyD6zE

Genius Bill, CBDC Bill, and BBB Tells us of the QFS and NESARA: Dr. Scott Young

Genius Bill, CBDC Bill, and BBB Tells us of the QFS and NESARA: Dr. Scott Young

8-4-2025

In this detailed video presentation, Dr. Scott explores a multi-faceted plan associated with President Trump, often referred to as the “three-part plan,” alongside deeper insights into recent legislative developments impacting the U.S. financial and political landscape.

The discussion weaves together personal reflections, prophetic messages, and an in-depth analysis of significant bills such as the “Big Beautiful Bill,” the Genius Act, and HR5405, all of which relate to transformative changes in economic policy, digital currency regulation, and voting security.

Dr. Scott begins by sharing a prophecy about a shift from being overlooked to becoming a key player in a larger divine plan, resonating with his own experiences of overcoming personal challenges like dyslexia and stuttering.

He transitions into an overview of major legislative elements including large tax cuts, border security, Medicaid work requirements, SNAP reforms, and funding for rural hospitals, emphasizing both positive and controversial aspects.

A significant portion of the video is devoted to explaining the evolving landscape of digital currency, particularly the rejection of Central Bank Digital Currencies (CBDCs) and the introduction of the Quantum Financial System (QFS).

 Dr. Scott highlights how recent bills prevent the Federal Reserve from issuing CBDCs, promote decentralized blockchain technology, and protect privacy against financial surveillance, contrasting sharply with mainstream fears about digital currencies becoming tools for overreach and control.

He elaborates on the Genius Act’s provisions for stablecoins and digital asset regulation, which promote transparency and security while eliminating predatory banking practices like rehypothecation.

 Dr. Scott also discusses XRP and other cryptocurrencies as intermediaries in payment systems rather than replacements for sovereign money, clarifying misconceptions about their constitutional status and utility.

The video concludes with a hopeful outlook on the coming changes, emphasizing the enhanced accountability and transparency blockchain systems will bring to public and private financial transactions, thereby revolutionizing trust and governance.

Dr. Scott encourages viewers to remain patient and optimistic, as these transformative financial and political reforms are imminent and poised to bring significant benefits.

Dr. Scott’s presentation offers a comprehensive view of a transformative moment in U.S. financial and political history. Through a blend of prophetic insight, legislative analysis, and technological explanation, he reveals a complex but hopeful future where sovereignty, transparency, and fairness are prioritized.

 The defeat of CBDCs, the rise of the Quantum Financial System, and the Genius Act’s stablecoin regulations collectively signal a move toward a decentralized, accountable, and privacy-respecting financial order.

While challenges and controversies remain, the overall trajectory suggests profound change is imminent, inviting viewers to prepare mentally and spiritually for this new era.

https://youtu.be/MKYx56aQq1E

https://dinarchronicles.com/2025/08/05/dr-scott-young-genius-bill-cbdc-bill-and-bbb-tells-us-of-the-qfs-and-nesara/

Iraq Economic News and Points To Ponder Tuesday Afternoon 8-5-25

Source: 5 Iraqi Banks Subject To Sanctions For Dollar Violations
 
August 4, 2025  Al-Mustaqilla/- An informed source revealed in a statement to Al-Mustaqilla that  five Iraqi banks have recently been subjected to punitive measures by the Central ank for violations related to their failure to comply with regulations governing transactions in US dollars.
 
This comes as part of an escalating regulatory campaign aimed at  regulating banking performance and
 combating currency smuggling. 

The source, who requested anonymity, explained that among these banks is the Bank of Baghdad,
 whose case has been one of the most prominent banking issues raised recently, after it was onfirmed that it was banned from dealing in dollars  due to violations related to  foreign transfers and  suspicious transactions.

The source added that  some of the banks subject to sanctions also face additional measures due to their  involvement in unregulated financial activities or weak adherence to audit and compliance mechanisms.

He noted that the sanctions vary from one bank to another and include a  ban on dealing in dollars,
 freezing certain activities,  or  direct oversight by the Central Bank.
 
Despite the actual issuance of these sanctions, the source noted that the Central Bank has not officially announced the names of all the banks affected by the sanctions,  raising questions about the reasons for this secrecy, especially given the impact these measures have had on the  financial market and   citizens' confidence in banking institutions.
 
This development comes at a time when the  Iraqi banking sector is suffering from internal and external pressures,  due to  US sanctions and restrictions on the dollar, in addition to challenges related to money laundering and the  financing of foreign networks.
 
Experts are calling on the government and the Central Bank to   be more transparent in announcing details of banking sanctions, to  ensure public confidence and  reassure customers about the safety of the financial sector.    https://mustaqila.com/مصدر-5-مصارف-عراقية-تخضع-لعقوبات-بسبب-م/  

Source: The Central Bank Of Iraq Has Suspended The Bank Of Baghdad From Dealing In Dollars.
 
August 3, 2025 Al-Mustaqilla/- An informed source reported that the Central Bank of Iraq has issued a decision to suspend the Bank of Baghdad from dealing in US dollars,  in a new move aimed at  strengthening oversight of financial transactions and   combating manipulation in the foreign exchange market. 
 
The source, who requested anonymity, told Al-Mustaqilla on Sunday that the decision was part of a series of measures taken by the Central Bank to curb currency smuggling and  stabilize the dinar-dollar exchange rate,  following the detection of violations related to   transfer mechanisms and   foreign transactions.
 
Bank of Baghdad  is one of the largest private banks in Iraq and    has a prominent presence in the banking market.  This decision will have a significant impact on banking and commercial operations, especially in light of the challenges facing the country's financial system.

No official comment has yet been issued by the bank concerned, but it is expected that this move will be followed by similar decisions against other banks and financial institutions that may be proven to be involved in financial violations or abuses in the use of the US dollar.

It is noteworthy that the Central Bank of Iraq has recently intensified its oversight measures on  foreign currency auctions and  external transfers, in an attempt  to  control the market and  restrict  speculation and  smuggling, which directly impact the country's economic stability.    https://mustaqila.com/مصدر-المركزي-العراقي-يوقف-مصرف-بغداد-ع/   

Source Reveals: Bank Of Baghdad Remains Sanctioned Despite Official Denials
 
August 4, 2025   Al-Mustaqilla/- In a new development that has sparked controversy in banking and media circles, the  Bank of Baghdad  issued an official statement today denying recent reports regarding sanctions related to its dealings in US dollars. The statement  affirmed that its banking operations are   proceeding normally and  in accordance with the regulations approved by the Central Bank of Iraq. 

The statement read,  "The bank continues to provide its services as usual and regularly, and all banking operations are carried out in accordance with instructions issued by the relevant authorities, with no decisions prohibiting it from dealing in dollars."
 
Despite this official denial,  a well-informed source within the bank, who declined to be named, revealed to Al-Mustaqilla on Monday that   the bank had indeed been subjected to punitive measures recently.  

He confirmed that the penalty relates to its failure to fully comply with compliance instructions for dollar transactions,  making it one of a number of banks against which similar measures have been taken. 

The source added that   the penalty was imposed a few days ago, noting that the bank is still working to resolve the related cases, in coordination with the Central Bank of Iraq and   relevant international bodies.
 
This discrepancy between the official statement and leaks from within the bank reflects a state of ambiguity regarding the  nature of the sanctions and   their impact on ongoing financial transactions,
 
particularly in light of the increasing challenges facing the Iraqi banking sector due to US restrictions on foreign transfers.
 
Observers are anticipating further clarification from the Central Bank of Iraq to resolve the controversy,
 especially with increasing reports of a list of other banks that may be subject to similar measures in the coming days.    https://mustaqila.com/مصدر-يكشف-مصرف-بغداد-لا-يزال-معاقباً-رغ/ 

The Bank Of Baghdad Denies Suspending Dollar Transfers. 

Uses Economy News – Baghdad  The Bank of Baghdad denied on Monday reports circulating about a suspension of dollar transfers,  stressing that the bank continues to provide its banking services as usual and regularly.
 
The bank clarified in a statement received by Al-Eqtisad News that all banking operations, including foreign transfers in dollars, are conducted in accordance with the controls and instructions issued by the Central Bank of Iraq and  in line with standards of financial compliance, governance, and transparency.
 
The statement added that the  Bank of Baghdad is fully committed to implementing the instructions of the Central Bank of Iraq, calling on the  media and the public to exercise accuracy and  refrain from circulating rumors or unreliable information.  https://economy-news.net/content.php?id=58343 

A Company Disguised As Advertising Carries Out Money Laundering And Dollar Smuggling Operations.
 
Economy   2025-08-04 | 1,155 views  Alsumaria News – Local  Since its establishment in 2008, an advertising company run by "J.M."  has continued to operate normally,  indifferent to the corruption it carries out, as if it were conducting legal business.
 
Reports indicate that this company,  which has its official headquarters in central Baghdad,  has been involved in  money laundering and  illegally smuggling foreign currency,  specifically US dollars, out of Iraq over the past few years.
 
This has led to official investigations being opened at multiple levels.
 
Since its founding, the company has established itself as a leader in producing promotional materials,
organizing advertising campaigns, and  purchasing advertising space in newspapers, on screens, and in the digital space.
 
The company quickly  achieved success and  secured major contracts with telecommunications companies,  private banks,  media organizations, and even   government agencies.  According to unofficial data,
 
the company's annual revenues in some years amounted to millions of dollars.
 
But what raised suspicion was the  disproportionately large scale of some of the financial transactions, along with what was described as a  "sudden and unjustified expansion" in the company's assets, including  luxury offices, new cars, and
    unclear investments in  real estate and  foreign trade.
 
According to government sources and some media leaks, the  company's general manager , "J.K.", faces serious charges of money laundering. It is believed that the company used its commercial fronts to launder funds from illicit sources, through    fake deals and  inflated or fictitious invoices.

In addition, it is suspected that the company was involved in  purchasing large quantities of dollars from the black market and   transferring them abroad via local and foreign money transfer and exchange companies,  under the cover of alleged import and marketing activities.
 
It is also suspected that the company was tampering with government contracts, as   there are suspicions of concluding fictitious advertising deals with government agencies  in exchange for  commissions and   political favors.  Informed sources reported that
 
Official reactions
 
government investigative bodies have already begun investigating the company and its director.
 
The Central Bank has also restricted the company's dealings with several local banks
     after indications emerged of illogical financial transactions in its accounts. 
 
The source confirmed that "the Anti-Money Laundering Agency is monitoring the case in coordination with international agencies to monitor foreign transfers, some of which are believed to have taken place via the UAE, Turkey, Lebanon, and Jordan."
 
No final court ruling has yet been issued against the company's director or his company, but preliminary proceedings indicate  "significant complexity in the case, especially given the potential partners abroad."
 
This issue has cast a shadow over other advertising companies in Iraq,   as regulatory authorities have begun scrutinizing the records of major companies,   examining their sources of funding, and the  mechanisms by which they contract with public and private entities.
 
There have also been calls from within Parliament for stricter laws regarding  advertising company licensing and  monitoring of their finances.
 
The case of this company, whose name will be revealed later, remains one of the most prominent cases that combine the  economy,  media, and  corruption in Iraq.
 
If the charges against its director are proven, it will set a dangerous precedent for exploiting the media as a front for   money laundering and  smuggling.
 
This case  reveals the fragility of financial oversight in some sectors and  underscores the need for a more transparent and fair system for managing the Iraqi economy,  especially in light of the challenges facing the country.   
https://www.alsumaria.tv/news/economy/535947/تقوم-بعمليات-غسيل-أموال-وتهريب-الدولار-شركة-تتخفى-بقناع-الإعلانات  

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-5-25

Good Afternoon Dinar Recaps,

Trump Threatens Major Tariff Hike on India Over Russian Crude Imports

U.S.-India energy tensions escalate as Trump links trade penalties to continued Russian oil purchases

Trump Ties Tariffs to Russian Crude Trade

On Monday, U.S. President Donald Trump announced plans to “substantially raise tariffs” on Indian exports, citing India’s continued import and resale of Russian crude oil. The statement, published on Truth Social, marks the first direct linkage between U.S. trade penalties and India’s energy sourcing from Russia, according to Reuters.

Trump criticized India for purchasing “massive amounts” of Russian oil and profiting from resales while remaining “indifferent to Ukrainian deaths.” While no specific tariff categories were detailed, aides cited by Fortune warned that the new trade measures would be “very large, very soon.”

India’s Deepening Energy Ties with Russia

Despite mounting U.S. scrutiny and the threat of secondary sanctions, India has maintained Russian crude imports at over 1.5 million barrels per day throughout the summer.

Trade data cited by TRT World shows India’s imports from Russia surged from $9 billion in 2021 to over $64 billion in 2024, with discounted oil making up the vast majority of that increase.

To bypass sanctions and payment restrictions, Indian refiners have:

• Used rupee-based transactions

• Relied on direct Russian tankers

• Engaged third-party trading houses

At least four Russian-flagged, sanctioned tankers are reportedly anchored off India’s western coastline, unable to unload due to legal uncertainty — reflecting the growing operational risks tied to this trade.

Delhi Silent as Washington Ramps Up Pressure

India’s Ministry of External Affairs has not responded to Trump’s comments. In previous statements, however, Indian officials have emphasized the country's need for “strategic autonomy” and energy security, defending Russian crude purchases as a cost-effective, large-volume solution.

No formal timeline for the proposed U.S. tariff increases has been announced.

Ripple Effects for Indian Refiners

Trump’s threat adds fresh uncertainty for Indian refiners, many of whom are now:

• Reevaluating payment methods

• Switching flag registries for oil tankers

• Revising ship-to-ship transfer routes

Some Russian barrels are being re-routed through intermediaries in Fujairah (UAE) and Singapore, while U.S. Treasury advisories have triggered stricter due diligence from Indian shipping agents and insurers.

Even a symbolic tariff hike could have outsized effects by chilling third-party financing, delaying cargo insurance, and tightening liquidity access for Indian energy firms operating in gray-market supply chains.

Geopolitical Implications

This latest development underscores the fragile energy-trade balance between Washington and New Delhi. As Trump’s second term advances, India’s ties with Russia could become a central flashpoint in broader geopolitical realignment — especially if U.S. tariffs begin targeting core sectors like refined fuels, pharmaceuticals, and textiles.

Analysts warn that beyond economic implications, the tariffs could complicate:

• BRICS coordination on de-dollarized oil settlement

• Global South alliances navigating post-Ukraine energy trade

• India’s future role in U.S.-led Indo-Pacific security frameworks

@ Newshounds News™
Source: OilPrice   

~~~~~~~~~

BRICS Oil Purchases from Russia Are Legal Under International Law, Says Source

Despite U.S. tariffs and threats, BRICS nations continue buying discounted Russian crude within approved price caps

Trump’s Sanctions Strategy Backfires as BRICS Defies Tariff Pressure

Since the U.S. imposed sanctions on Russia in February 2022, BRICS nations have steadily increased their purchases of Russian oil, drawing billions of dollars in energy savings. Despite U.S. attempts to isolate Moscow economically, countries like India and Brazil have intensified crude imports — even in the face of 25% tariffs and additional penalties from President Donald Trump.

India, in particular, has saved nearly $7 billion in foreign exchange costs by acquiring deeply discounted Russian crude, according to government trade data. These actions, perceived by some as defiance of U.S. policy, prompted Trump to publicly warn both India and Brazil: stop buying Russian oil or face further economic consequences.

India Responds: Oil Purchases Are Fully Legal

An unnamed source within the Reserve Bank of India (RBI) told TASS that BRICS nations are not violating international law by continuing oil trade with Russia. The official emphasized that the U.S. sanctions on Russian oil included a recommended price cap of $60 per barrel, and India has complied with this limit.

“India’s purchases of Russian oil have remained completely legal and within international norms,” the source stated. “Russian oil has never been subject to outright sanctions, nor is it currently banned by the U.S. or EU. Oil companies have consistently followed the $60 per barrel price cap recommended by the United States.”

The RBI official added that Trump’s latest tariffs contradict his own administration’s sanction framework, creating confusion among U.S. allies and trade partners alike.

Geopolitical Implications: BRICS Asserts Autonomy

India and Brazil’s continued engagement with Russian energy markets signals a broader BRICS strategy of asserting strategic autonomy. Rather than folding under pressure from Washington, these nations appear increasingly emboldened to pursue energy security on their own terms.

Analysts point out that:

• India has routed much of its Russian oil via intermediaries, using currencies such as the rupee and Chinese yuan to settle payments.

• Brazilian refineries have also increased uptake of discounted Russian barrels amid domestic fuel inflation.

• Neither country has shown signs of reducing imports despite U.S. threats of escalating tariffs.

Why Russian Oil Isn’t Technically Sanctioned

The confusion lies in how sanctions have been structured. Rather than banning Russian oil outright, the U.S. and EU agreed on a price-cap mechanism that allows purchases below $60 per barrel. This workaround was intended to:

• Limit Moscow’s revenue from oil sales

• Prevent global supply shocks

• Maintain access for developing nations to affordable energy

BRICS countries — especially India, China, Brazil, and South Africa — have used this mechanism to legally continue importing Russian crude, framing their actions as compliant with global frameworks and essential for national economic growth.

Conclusion: Tariff Escalation Likely to Face Global Pushback

While Trump’s tariffs may appeal to domestic political audiences, they risk fracturing long-standing alliances and trade relations with key BRICS economies. If the U.S. moves to punish legal oil transactions that abide by its own sanctions guidelines, it could trigger:

• Formal WTO disputes

• Retaliatory tariffs

• Stronger BRICS coordination on alternative energy payment systems

For now, BRICS officials appear resolute: buying Russian oil under the price cap is legal — and they intend to keep doing it.

@ Newshounds News™
Source: Watcher Guru   

~~~~~~~~~

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