If Russia is unable to sell Oil and Gas that means permanently high fuel prices for everybody and nobody wants that.
AravRAndG on
Nobody can just remove a major oil source from the market without skyrocketing the price
Nurnurum on
Turns out some commodities are so important to the world economy that it is nearly impossible to completely sanction them.
National_Displeasure on
And this way Russia sells fuel at a major loss, as it was intended. Even through Ukraine Russian gas flows to the EU without any harm from either side
Sumeru88 on
The Oil must flow.
yxhuvud on
Time to expand the boycotts.
[deleted] on
[removed]
redditapo on
This isnt EU direct fault. Ask people on the street if they would be willing to stomach higher prices for the sake or Ukraine.
The masses cant see further than next week, and if it doesnt directly impact them they dont care.
[deleted] on
[removed]
jcrestor on
We‘re talking about the Russian value chain share of 30-70 percent of 5.4 billion Euros in 2024 here.
So a minuscule amount of money with regards to the sanctions.
It always helps to put things into perspective. It is barely worth talking about. (Only if for example the angle is screeching about how sanctions are less than perfect in a very minor edge case, and therefore should be abandoned entirely.)
RespectedAuthority on
I wish Norway had the balls to sanction the EU.
You buy Russian oil and gas via India, you get no Norwegian oil and gas.
ivanicin on
You didn’t have to be genius to understand that this will inevitably happen at least for few years as in short term many things are fixed.
Certainly Russia may earn less as transport costs are higher and it may not be able to transfer that to its price, but the price that Europe pays for that ‘win’ is enormous and abnormal.
It means that European businesses are buying the same oil at higher price. As a result economy is doing much worse than it could do which finally means that it is much less capable to finance the war. Russian economy has its issues for certain and this does affect them, but this particular measure hits European economies much harder.
One interesting thing – there is some intermediary company earning the money. How could it be that no one asked who is that. It is highly unlikely to be owned by some Indian, someone has just a company there. Why this news always ends here and not saying who is profiting from war? That is a person (probably few of them) that has a name.
_mars_ on
Don’t forget Azerbaijan is selling more fuel to europe than it is producing. Guess where it’s coming from
bandita07 on
Europe is paying for her own destruction..
bounty_hunter29 on
So europe is paying more money for the same oil with India’s sticker on it
ReplicantGazer on
How is this still a thing 2 years in the war? Worse yet, some EU politicians wanna stop aid to ukraine, which would mean that we would purely be supporting russia in ukraine war.
ptemple on
I thought India was selling refined oil to the petrol, from the crude oil imported from ruzzia. As long as India sticks to the price caps imposed by sanctions then it’s working exactly as intended.
Phillip.
KingPeverell on
EU needs energy as much as the rest of the world. It’s a human necessity.
The world is so interdependent on energy that its almost impossible to completely and effectively sanction a major oil producer.
Few_Property2546 on
EU is a joke
kitsunde on
This gets reported every other week, why is this news. It’s literally setup this way by design.
Russia is getting fleeced by India, no longer able to sell oil directly to the rich counties. Europe buys from India, still able to cover their energy needs.
What’s happening in practice is India is getting a great deal, at the cost of Russian profits.
Grand-Jellyfish24 on
Sounds like India is too blame not the EU.
They are to blame from liying and whitewashing Russian fuel, notnthe EU.
This article should focus on pressurizing India not the EU.
Trayeth on
It’s better to slash the price Russia can sell for while maintaining decent global supply to avoid crashing economies. Stronger economies can more readily arm Ukraine.
22 commenti
If Russia is unable to sell Oil and Gas that means permanently high fuel prices for everybody and nobody wants that.
Nobody can just remove a major oil source from the market without skyrocketing the price
Turns out some commodities are so important to the world economy that it is nearly impossible to completely sanction them.
And this way Russia sells fuel at a major loss, as it was intended. Even through Ukraine Russian gas flows to the EU without any harm from either side
The Oil must flow.
Time to expand the boycotts.
[removed]
This isnt EU direct fault. Ask people on the street if they would be willing to stomach higher prices for the sake or Ukraine.
The masses cant see further than next week, and if it doesnt directly impact them they dont care.
[removed]
We‘re talking about the Russian value chain share of 30-70 percent of 5.4 billion Euros in 2024 here.
So a minuscule amount of money with regards to the sanctions.
It always helps to put things into perspective. It is barely worth talking about. (Only if for example the angle is screeching about how sanctions are less than perfect in a very minor edge case, and therefore should be abandoned entirely.)
I wish Norway had the balls to sanction the EU.
You buy Russian oil and gas via India, you get no Norwegian oil and gas.
You didn’t have to be genius to understand that this will inevitably happen at least for few years as in short term many things are fixed.
Certainly Russia may earn less as transport costs are higher and it may not be able to transfer that to its price, but the price that Europe pays for that ‘win’ is enormous and abnormal.
It means that European businesses are buying the same oil at higher price. As a result economy is doing much worse than it could do which finally means that it is much less capable to finance the war. Russian economy has its issues for certain and this does affect them, but this particular measure hits European economies much harder.
One interesting thing – there is some intermediary company earning the money. How could it be that no one asked who is that. It is highly unlikely to be owned by some Indian, someone has just a company there. Why this news always ends here and not saying who is profiting from war? That is a person (probably few of them) that has a name.
Don’t forget Azerbaijan is selling more fuel to europe than it is producing. Guess where it’s coming from
Europe is paying for her own destruction..
So europe is paying more money for the same oil with India’s sticker on it
How is this still a thing 2 years in the war? Worse yet, some EU politicians wanna stop aid to ukraine, which would mean that we would purely be supporting russia in ukraine war.
I thought India was selling refined oil to the petrol, from the crude oil imported from ruzzia. As long as India sticks to the price caps imposed by sanctions then it’s working exactly as intended.
Phillip.
EU needs energy as much as the rest of the world. It’s a human necessity.
The world is so interdependent on energy that its almost impossible to completely and effectively sanction a major oil producer.
EU is a joke
This gets reported every other week, why is this news. It’s literally setup this way by design.
Russia is getting fleeced by India, no longer able to sell oil directly to the rich counties. Europe buys from India, still able to cover their energy needs.
What’s happening in practice is India is getting a great deal, at the cost of Russian profits.
Sounds like India is too blame not the EU.
They are to blame from liying and whitewashing Russian fuel, notnthe EU.
This article should focus on pressurizing India not the EU.
It’s better to slash the price Russia can sell for while maintaining decent global supply to avoid crashing economies. Stronger economies can more readily arm Ukraine.