In early trading today, the concept of Sino Russian trade continued to rise sharply, and the port and shipping sectors set off a rising tide. But Baijiu, lithium, automotive sector fell, Moutai directly below 1800 yuan pass…
Let’s first pay attention to the latest developments in Russia and Ukraine.
latest progress in the situation between Russia and Ukraine
“beixi-2” natural gas pipeline project investment company will stop paying to Russia
On March 2 local time, German oil and gas company Wintershall DEA said it would stop paying to Russia and withdraw its impairment loss of 1 billion euros (about US $1.1 billion) in the “beixi-2” natural gas pipeline project.
Wintershall DEA is one of the five investment companies in the “beixi-2” natural gas pipeline project.
“Beixi-2” is a natural gas pipeline that bypasses Ukraine from Russia and goes directly to Germany through the Baltic Sea. It takes more than 10 years from evaluation to completion, with a total cost of US $11 billion, and is jointly funded by enterprises from Russia, Germany, France, the Netherlands, Austria and other countries.
Russian Ministry of Foreign Affairs: Germany’s decision to suspend the certification procedure of “beixi-2” natural gas pipeline project is unacceptable
Russian Foreign Ministry spokesman zaharova said on the 2nd that the German government’s decision to suspend the certification procedure for the “beixi-2” natural gas pipeline project was unacceptable.
Zaharova said that from the perspective of international commercial law, the German government’s decision is unacceptable and unworthy. The German government was dragged into the water under pressure and used the project as a lever to exert pressure on Russia, which further showed that it could not separate politics and economy. She said that Germany’s decision to stop approving the project will cause irreversible damage to Russia Germany relations, which calls into question Germany’s reputation as a reliable foreign economic partner, and the consequences should be entirely borne by Germany.
Zelensky held a teleconference with local heads of Ukraine to discuss the current situation
In the early morning of the 3rd local time, the Ukrainian Ministry of defense revealed that Ukrainian President Zelensky held a teleconference with city mayors and regional military administrators.
Local leaders reported on the current situation, regional defense measures, personnel and weapons allocation, as well as the number of civilian casualties and infrastructure damage. The meeting determined to establish a “green channel” for food, medicine and material supply in some severely damaged areas.
Moody’s downgraded Russia’s sovereign credit rating to B3
On March 3, according to the information released by Moody’s on its official website, Moody’s downgraded Russia’s sovereign credit rating to B3.
World Bank suspends all its projects in Russia and Belarus
According to Agence France Presse and Reuters, on March 2 local time, the world bank said that all projects in Russia and Belarus would be suspended from now on.
Japan will freeze the assets of four banks including VTB, the second largest bank in Russia
Sina reported that Japanese finance minister Junichi Suzuki said that the Japanese government would freeze the assets of four banks, including VTB, Russia’s second-largest bank, which had not been the target of sanctions before.
Georgia will apply to join the EU 2 years earlier than originally planned
Russia’s southern neighbor, Georgia, will submit an application to join the EU on the 3rd local time, RIA Novosti and TASS reported. This is two years earlier than the original plan.
Irakli kobashiza, chairman of Georgia’s ruling “Georgian dream party”, said at a briefing on the 2nd that the Georgian government has prepared an application to join the EU. The ruling party originally planned to submit an application in 2024, hoping to achieve new reforms before that.
Kobashiza further pointed out: “however, considering the political background and new realities, after consultation with the members of the Party committee, especially with the prime minister, the ‘Georgian dream Party’ decided to apply for the candidacy of EU Member States immediately.”
Screenshot of RIA Novosti Report
Russian tycoons sell Chelsea team
In the early morning of Beijing time on the 3rd, Roman Abramovich, the owner of Chelsea club in the Premier League and Russian tycoon, said in an official statement that he had made the decision to sell Chelsea club and believed that it was in the best interests of the club, fans, employees, sponsors and partners of the club.
Abramovich said it was a very difficult decision. The sale of the club will not proceed quickly, but will follow the appropriate procedures. For him, it was never a matter of business or money, but a pure passion for the game and the club. In addition, he will not ask for repayment of any loan and has instructed the team to establish a charitable foundation to donate all the net proceeds from the sale.
Abramovich, 56, became the owner of Chelsea club in 2003 and spent a lot of money to build the team. After he took over, Chelsea has always been among the top football clubs in Europe in the past 20 years and won many titles, including the Champions League and the Premier League.
White House announces new sanctions against Russia
including export control policies for Belarus
On March 2 local time, the White House announced a series of details of the latest economic sanctions against Russia and Belarus, including the implementation of export control policies against Belarus to prevent scientific and technological software and technology from flowing into Russia through Belarus.
The details are as follows:
– the US Department of Commerce will extend the strict export controls imposed on Russia to Belarus in response to Belarus’s support for Russian President Vladimir Putin’s military action against Ukraine.
– the US State Department will impose sanctions on the Russian Defense Sector and will designate a total of 22 Russian Defense related entities, including companies that manufacture fighter jets, infantry combat vehicles, electronic warfare systems, missiles and UAVs for the Russian military.
– the U.S. Department of Commerce will implement export controls on Russian oil and gas production equipment, and the U.S. Department of Commerce will impose restrictions on the export of technologies that have long supported Russia’s oil refining capacity.
“Reducing global energy supply is not in the strategic interests of the United States and its allies and partners, so the previous financial sanctions have eliminated energy transactions. However, the United States and its allies and partners have long-term interests in reducing Russia’s position as a leading energy supplier.”
– the U.S. Department of Commerce, in cooperation and coordination with other departments, will add to the list of entities participating in or otherwise supporting the security, military and defense departments, military and defense R & D work of Russia and Belarus. “These actions will ensure that its military and aerospace, maritime and high-tech departments will not obtain American scientific and technological products and technologies that can be used to support Russian technology maintenance and innovation.”
– prohibit Russian aircraft from entering and using US airspace.
This includes aircraft certified, operated, registered or controlled by anyone associated with Russia. This includes the cancellation of the operational capacity of all Russian Airlines (including passenger and cargo) to and from U.S. destinations, and the denial of any Russian operated aircraft to U.S. airspace.
The White House said the move would “seriously limit the ability of Russia and Belarus to obtain the materials needed for military operations against Ukraine”. Meanwhile, the United States and its allies are conducting sanctions confirmation procedures against 22 Russian “defense related entities”, including companies that provide technical and material support to the Russian military. US Secretary of state Antony Blinken told the State Council news conference that “defense related entities” include companies that manufacture fighters, infantry fighting vehicles, missiles, UAVs and electronic warfare systems.
In addition, the United States and its allies that impose joint sanctions on Russia also aim at the “technology export” of the Russian oil refining industry, and plan to restrict the Russian oil industry and protect American local consumers through sanctions on the oil refining industry.
the United States has provided Ukraine with hundreds of stinger air defense missiles
On March 2 local time, according to sources, the United States has provided hundreds of stinger air defense missiles to Ukraine this week. Among them, more than 200 missiles arrived in Ukraine in a single day on February 28. Previously, the US government had authorized the three Baltic countries to provide us made weapons to Ukraine. This week, the United States directly provided stinger air defense missiles to Ukraine for the first time. On the 2 day, US Secretary of state Blinken said that as of now, there are still ways to successfully receive the weapons provided by other countries in Ukraine.
Russia and Ukraine hover before a more brutal war
the second round of negotiation is unknown
According to the global times, Russia and Ukraine are on the brink of war and peace. On the afternoon of March 2 local time, Peskov, the press secretary of the Russian President, said that the Russian delegation “will wait at the agreed place” for the Ukrainian delegation to prepare for the second round of Russia Ukraine negotiations that night but Ukrainian foreign minister kuleba responded that Kiev was ready to negotiate with Russia, but was not ready to accept Russia’s “ultimatum” on the same day, the Russian army announced that it “has completely controlled” the capital city of Kherson state in Ukraine, which is the first major Ukrainian city that Russia announced to occupy in the Russian Ukrainian war. “We haven’t slept for seven nights,” Ukrainian President Zelensky wrote on twitter on the 2nd. On the same day, the price of Brent crude oil soared to more than $113 a barrel, a new high in eight years. On the evening of March 1 local time, US President Biden delivered a state of the Union address to Congress, announcing that US airspace would be closed to Russian flights. He boasted that the United States had “provided more than $1 billion in direct assistance to Ukraine”, but reiterated that the United States would not send troops to Ukraine.
Russian media: macron claims to continue dialogue with Putin to persuade him to “lay down his arms”
Russian satellite news agency just reported on the 3rd that French President macron said he would continue to communicate with Russian President Vladimir Putin to persuade the latter to “lay down their arms” and prevent the situation from further spreading.
Screenshot of Russian satellite news agency
According to the report, macron also stressed that Paris did not launch a war against Russia. At the same time, he also praised the role played by the Russians in the Second World War.
On February 24, the Kremlin said that at the request of French President macron, the heads of state of Russia and France held a telephone conversation. Some media revealed that macron was the only Western leader to talk to Putin after he announced the “special military operation”. On the 25th, macron came forward to clarify that it was actually Ukrainian President Zelensky who wanted to contact Putin but couldn’t contact him that entrusted him to call Putin. Macron also revealed that he had a “rapid, frank and direct communication” with Putin “at the request of Zelensky”.
On February 28, macron spoke with Russian President Vladimir Putin and Ukrainian President Zelensky respectively. According to the official website of the Elysee Palace, macron’s call with Putin lasted 1 hour and 30 minutes. Macron said he stressed the “need for an immediate ceasefire”. Putin stressed that it is possible to resolve the current crisis in Ukraine only on the premise of unconditionally considering Russia’s legitimate security interests, including recognizing Russia’s sovereignty over Crimea, completing the demilitarization and “de nazization” of Ukraine, and ensuring Ukraine’s neutral status.
Sino Russian trade concept stocks continue to ferment
Shipping tide limit
Sino Russian trade stocks continued to ferment. Ports and maritime transport rose ahead, while tourism and coal stocks rose ahead.
The port index rose by 5%, while Jiangsu Lianyungang Port Co.Ltd(601008) rose by more than 10%, Jinzhou Port Co.Ltd(600190) , Liaoning Port Co.Ltd(601880) and others rose by more than 9%.
The rise of the shipping sector expanded to 4.26%, and Cosco Shipping Holdings Co.Ltd(601919) rose nearly 5%.
Among them, Zhe Jiang Dong Ri Limited Company(600113) today raised the limit again, so far, 4 boards in the past five days.
The company continues to promote the overseas development of agricultural approval business. The “Sino Russian International Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale trading center” in Harbin, Heilongjiang Province has won the project land and gradually entered the construction stage. Harbin Dongji Industrial Co., Ltd., a joint-stock subsidiary of the company, is responsible for the construction and operation of the project.
The main business of the company is the wholesale trading market business of agricultural and sideline products, the distribution business of fresh food materials (side dishes business) and the related business in the field of bean products production and processing.
Ningbo Marine Company Limited(600798) also sealed the daily limit, with three boards in four days, and the current price was 5.58 yuan, an increase of 10.06%.
On the news, the Ministry of transport issued a notice to reduce and merge port charges and reduce pilot fees at coastal ports China Securities Co.Ltd(601066) transportation industry analysts said that the global centralized transportation supply chain is always in a tight state. It is expected that the contradiction between supply and demand of subsequent centralized transportation may become more prominent, and the freight rate may have a nonlinear mutation.
China Securities Co.Ltd(601066) transportation industry analysts said that the global centralized transportation supply chain is always in a tight state and “has no resistance to the impact of any event”. Historically, events such as the blockage of Suez Canal and Shenzhen Yan Tian Port Holdings Co.Ltd(000088) suspension have led to nonlinear sudden changes in freight rates. Although the container transportation in and out of the Black Sea is a relatively small trade, the continuous escalation of the situation in Russia and Ukraine may have a great impact on the global container supply chain and greatly delay the recovery speed of the global supply chain.
Specifically, in terms of supply, the escalation of the situation between Russia and Ukraine may lead to confusion of shipping schedule and reduction of corresponding transport capacity supply; Major liner companies may reduce the number of liner trips into the Black Sea, and the average haul distance may increase; If the situation in Russia and Ukraine continues to escalate, Russia may attack infrastructure such as it system through network, or cause a great blow to the global container supply chain.
In terms of demand, the demand for residents’ material reserves in European countries may increase significantly, or the import volume from countries with long transportation distance will increase, driving the overall demand of tons of nautical miles. It is expected that the contradiction between supply and demand of subsequent centralized transportation may become more prominent, and the freight rate may have a nonlinear mutation.
Baijiu fell
Maotai falls below 1800
Baijiu index fell earlier, and the index fell by more than 2.66%. Among them, Anhui Yingjia Distillery Co.Ltd(603198) , Luzhou Laojiao Co.Ltd(000568) , Jiugui Liquor Co.Ltd(000799) , etc. decreased the most.
Kweichow Moutai Co.Ltd(600519) even directly fell below the 1800 yuan mark.
lithium battery and automobile both fell sharply
In addition, lithium battery, automobile, military industry and other related sectors also led the decline. Lithium negative index fell more than 4%.
Among auto parts, Anhui Zhongding Sealing Parts Co.Ltd(000887) , Foryou Corporation(002906) and other decreases were the top.
So far, the Shanghai index rose 0.1% in midday trading and the gem index fell 0.88%.
