Rachel Ziemba
@reziemba.bsky.social
Geo-economics, EM, Energy/Resources. Obsessed by sanctions, sovereign wealth, debt, supply chains, trade. Ziemba Insights CNAS Horizon Engage NYU 🇨🇦 wine economist (dip WSET). NYC mostly, YVR often https://rziemba.substack.com
Yes. Extending time could be a leverage point, but only before transfers take place. More immediate leverage may come from the more general wind down sanctions waiver set to expire at midnight tomorrow
November 20, 2025 at 1:28 AM
Yes. Extending time could be a leverage point, but only before transfers take place. More immediate leverage may come from the more general wind down sanctions waiver set to expire at midnight tomorrow
Interesting to see UST name check US Saudi joint priorities at IMF, WB AND G20 at a time when US shunning G20 this week.
Focus on better capital markets cooperation may be effort to have current funding more efficient given constraints on new capital
Focus on better capital markets cooperation may be effort to have current funding more efficient given constraints on new capital
November 18, 2025 at 11:46 PM
Interesting to see UST name check US Saudi joint priorities at IMF, WB AND G20 at a time when US shunning G20 this week.
Focus on better capital markets cooperation may be effort to have current funding more efficient given constraints on new capital
Focus on better capital markets cooperation may be effort to have current funding more efficient given constraints on new capital
Total KSA holdings of US assets are much more stable including over 200b in equity holdings. But this also includes private or personal holdings. Something to watch.
I still see more scope for shifts within USD portfolios rather than large increases.
I still see more scope for shifts within USD portfolios rather than large increases.
November 17, 2025 at 11:08 PM
Total KSA holdings of US assets are much more stable including over 200b in equity holdings. But this also includes private or personal holdings. Something to watch.
I still see more scope for shifts within USD portfolios rather than large increases.
I still see more scope for shifts within USD portfolios rather than large increases.
Also noted parting line that USG “retains authority through IEEPA and export controls act to maintain and implement” needed natsec measures. Boiler plate yes, and a reminder of potential moves, but also relevant in ongoing legal challenges. Ability to deploy sanctions not in q now
November 10, 2025 at 7:38 PM
Also noted parting line that USG “retains authority through IEEPA and export controls act to maintain and implement” needed natsec measures. Boiler plate yes, and a reminder of potential moves, but also relevant in ongoing legal challenges. Ability to deploy sanctions not in q now
Bloomberg reporting has more on russia exemption and highlights the asymmetry. Hungary pledging significant US resource and goods purchases vs hopes US cos would invest in hungary. Tho details on new SMR hub and fuel processing could include some local production
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Trump Grants Hungary Exemption on Russian Oil in Win for Orban
US President Donald Trump granted Hungary an exemption from sanctions on purchases of Russian oil, providing a major win for Prime Minister Viktor Orban.
www.bloomberg.com
November 7, 2025 at 9:56 PM
Bloomberg reporting has more on russia exemption and highlights the asymmetry. Hungary pledging significant US resource and goods purchases vs hopes US cos would invest in hungary. Tho details on new SMR hub and fuel processing could include some local production
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Hungary agreeing to buy US LNG and military equipment, to cooperate on military and scientific research. The hungarian agreement important given Russia links but seems part of trend of signing country level agreements.
There was a greek econ sec one today.
There was a greek econ sec one today.
November 7, 2025 at 9:49 PM
Hungary agreeing to buy US LNG and military equipment, to cooperate on military and scientific research. The hungarian agreement important given Russia links but seems part of trend of signing country level agreements.
There was a greek econ sec one today.
There was a greek econ sec one today.
To be clear, it was always a fishy deal (given links to R), but the question remains what sort of solution USG is ok with regarding the sanctioned Russian oil assets abroad. Abandonment to local JV partners? Does suggest that the hope was Russia would ceasefire quickly under threats.
November 7, 2025 at 2:30 AM
To be clear, it was always a fishy deal (given links to R), but the question remains what sort of solution USG is ok with regarding the sanctioned Russian oil assets abroad. Abandonment to local JV partners? Does suggest that the hope was Russia would ceasefire quickly under threats.
Big question ahead will be balance between getting infrastructure including built including power vs efforts to lower prices. Will be watching permitting processes especially in blue/purple states.
The AI focus plus other industry will be power hungry
The AI focus plus other industry will be power hungry
November 5, 2025 at 3:29 AM
Big question ahead will be balance between getting infrastructure including built including power vs efforts to lower prices. Will be watching permitting processes especially in blue/purple states.
The AI focus plus other industry will be power hungry
The AI focus plus other industry will be power hungry