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  1. #1
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    Default Economic Sanctions

    Will and/or how will the sanctions by the USA and the EU against Russia and vice versa affect the Dominican economy? Should/do we care?

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    Economic sanctions seem to have helped force Milosovic out of office in Serbia, and they have caused Iran to come to the table. I don't see where the sanctions they suggest putting on Russia are likely to be more than a mild inconvenience.

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    All depends if one doesnt mind surviving on a diet of cabbage and (beet)roots.....

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    Quote Originally Posted by jabejuventus View Post
    Will and/or how will the sanctions by the USA and the EU against Russia and vice versa affect the Dominican economy? Should/do we care?
    The DR will not be greatly affected by this. Our commercial relationship with Russia is practically null. The only good thing Russia was providing the DR was an ever increasing amount of tourists and that's where the DR might feel it. On the other hand, the DR is quite far from Russia, so its possible that the average Russian tourist is of upper middle class or higher, the segments that are most likely to fare better in an economic situation as Russia is facing right now.

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    Quote Originally Posted by NALs View Post
    The DR will not be greatly affected by this. Our commercial relationship with Russia is practically null. The only good thing Russia was providing the DR was an ever increasing amount of tourists and that's where the DR might feel it. On the other hand, the DR is quite far from Russia, so its possible that the average Russian tourist is of upper middle class or higher, the segments that are most likely to fare better in an economic situation as Russia is facing right now.
    I believe that Russia is one of the top 3 oil producers of oil. Don't you think that barrel prices may go up and in this way affect already high gas prices here?

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    The price of oil might spike, but we have a sweet deal with Venezuela via Petrocaribe and this would probably help mitigate much of the negative effect.

    The country is also moving away from excessive oil consumption. Within a few years 100% of our electricity generation is going to be based on hydro, natural gas, and coal in the process eliminating the plants that depend on oil and its derivatives (by converting them to natural gas.) The private sector is currently involved in producing this change and in increasing the production capacity and the hope is that the two effects will merge (cheaper cost for generating electricity and flooding the market with extra electricity) in order to cheapen the electricity and keep the lights on 24/7 on 100% of the circuits.

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    Quote Originally Posted by NALs View Post
    The private sector is currently involved in producing this change and in increasing the production capacity and the hope is that the two effects will merge (cheaper cost for generating electricity and flooding the market with extra electricity) in order to cheapen the electricity and keep the lights on 24/7 on 100% of the circuits.
    Let the dream come true! In 100 years? or more? we shall see

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    Quote Originally Posted by NALs View Post
    The price of oil might spike, but we have a sweet deal with Venezuela via Petrocaribe and this would probably help mitigate much of the negative effect.

    The country is also moving away from excessive oil consumption. Within a few years 100% of our electricity generation is going to be based on hydro, natural gas, and coal in the process eliminating the plants that depend on oil and its derivatives (by converting them to natural gas.) The private sector is currently involved in producing this change and in increasing the production capacity and the hope is that the two effects will merge (cheaper cost for generating electricity and flooding the market with extra electricity) in order to cheapen the electricity and keep the lights on 24/7 on 100% of the circuits.
    All basically true except that the sweet deal w/Venezuela is doing damage to our debt balance so, as I see it, the advantage cancels itself out, and that natural gas is subject to spikes and increases also (Russia is top exporter of gas too). Can the natural gas alternative become less of a cost advantage in scenarios such as this one?

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    I have heard that natural gas must be "stabilized" (not sure what that means) before it can be shipped. Also, special tankers are required to transport it. I am sure that it requires special transporters: they are not going to ship it in home-sized gas tanks.

    Russia uses pipelines to move its gas, mostly to Western Europe.

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    Quote Originally Posted by Xavier_Onassis View Post
    I have heard that natural gas must be "stabilized" (not sure what that means) before it can be shipped. Also, special tankers are required to transport it. I am sure that it requires special transporters: they are not going to ship it in home-sized gas tanks.

    Russia uses pipelines to move its gas, mostly to Western Europe.
    I'm thinking more in terms of increased cost. Also, I believe the U.S. has a gas deal w/the DR. How are they planning to deliver? Liquid maybe???????
    Last edited by jabejuventus; 03-21-2014 at 08:41 AM.

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