Member Info for billybigwig

Apparently it's ten times larger than Chernobyl.. Europe's biggest ...if that goes up all Europe is destroyed

Europe's Largest Nuclear Power Plant on Fire After Being Shelled by Russian Troops

Living...whe we start massing troops and the yanks too plus nato you just know its going to kick off big style ..hold tight things are about to get really shi.tty

I think China is thinking oh hang on look how bad the Russian currency is doing now and thinking if that happened to them they would be proper fuqed

Troajan..I think a lot of Russians do realise what's going on

Troajan..I fecking hope so it's time he was gotten rid of

Troajan...hmm we are turning putin into a man with nothing to lose because its being taken away from him making him much more likely to do something more crazy like push a few buttons ...scary times matey

Troajan everyone fears him because he is dangerous and unpredictable

March 1 (Reuters) - Miner and trader Glencore said on Tuesday it is reviewing all its business activities in Russia including its equity stakes in aluminum and hydropower group En+ Group and oil giant Rosneft.

The London-listed miner has a 10.5% stake in EN+, majority owner of aluminum producer Rusal, and a 0.57% stake in Rosneft.

"We have no operational footprint in Russia and our trading exposure is not material for Glencore," it also said in a release.

(Reporting by Clara Denina

Troajan sit back hold on to your wonga the markets are in bits the whole lot could go tets up.... if it doesn't then we trade on better terms than this woth our cash intact ...I mean look at BP if you'd told me 12 months ago oils at $100 a barrel and BP would be going down instead of up I'd of said no way . impossible

Troajan..its getting to the basstard he's too well protected

Glencore Is Reviewing Its Stakes in Two Russian Companies
Commodity trader Glencore owns stakes in En+ and Rosneft
Company is also reviewing its trading operations in Russia
A worker monitors an electrolysis bath at the Khakas aluminium smelter, operated by United Co. Rusal, in Sayanogorsk, Russia.
A worker monitors an electrolysis bath at the Khakas aluminium smelter, operated by United Co. Rusal, in Sayanogorsk, Russia.Photographer: Andrey Rudakov/Bloomberg
ByThomas Biesheuvel+Follow
1 March 2022, 18:41 GMT
Updated on1 March 2022, 19:41 GMT
Glencore Plc, the world’s biggest commodity trader, followed some of the world’s largest companies in reviewing its business ties with Russia as the fallout from the invasion of Ukraine intensifies across global commodities markets.

While Glencore stopped short of exiting its investments, the company said it was reviewing its shareholdings in two of Russia’s biggest companies as well as its wider trading operations in the country. It’s a dramatic turn for a company that has long been comfortable operating in the most difficult jurisdictions and whose former chief executive officer was awarded an Order of Friendship by President Vladimir Putin.

The list of companies cutting ties or reviewing their operations has swelled since the weekend as foreign governments ratchet up sanctions against Russia and pile pressure on businesses to cut ties. Already oil majors BP Plc and Shell Plc have announced plans to sever connections with Russian partners after coming under growing pressure from the U.K. government.
Glencore currently owns a 10.55% stake in En+ Group International PJSC, the controlling shareholder of aluminum giant United Co. Rusal International PJSC. It also owns a small stake of less than 1% in Russian oil major Rosneft PJSC. The fair value of the investments at the end of 2021 was $789 million and $485 respectively, Glencore said in its results statement last month.

“We have no operational footprint in Russia and our trading exposure is not material for Glencore,” the company said in a statement Tuesday. “We are reviewing all our business activities in the country including our equity stakes in En+ and Rosneft.”

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The company also said it condemned the Russian government’s actions against the people of Ukraine.

Glencore had secured lucrative trading relationships in Russia, buying aluminum and oil from one of the world’s most important natural resource producers. The company secured the oil offtake after the Russian government was scrambling in 2016 to complete the planned sale of a 19.5% stake in Rosneft to help narrow the budget deficit.

Glasenberg, who is still Glencore’s second-biggest shareholder, also sat on Rusal’

Eviking..yeah glen is a good one for sure to trade.

Well I'm torn everything I want is too high and what I hold is on its arse

Eviking did you have some evraz ??

Funny how you can be sat having you dinner a normal life and some dic.knead invades your country and you are forced to leave your place of birth ...anyone thinking this will stop here are kidding their selves ..its absolutely fu.cking terrible

You wouldn't lime to have been holding EVR when this kicked off

Futures are looking shocking again

Mickb....yes they do and grain too I believe

he was pretty good too .. still alive too 90 years young