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27 March 2023

Bloomberg, via El Financiero reports that a Russian oil freighter, Loukas II, is scheduled to deliver 145,400 barrels of diesel at Guaymas, Sonora about the end of this month. Russia’s main exports to Mexico are semi-finished steel and fertilizer, but with Mexico trying to hold down inflation by subsidizing fuel costs, and with the refinery shortage not yet resolved, Russia’s discounted fuel sales make perfect sense.

Keeping in mind that the US is trying to strong-arm Mexico into opening it’s electrical power market to its own “investors” (i.e., control the production costs… not the retail rate… for electricity in the US), what’s one more threat of “sanctions” (i.e, economic blackmail).?

Louka I… can’t find a photo of Louka II (photographer unknown)
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