Yah it will benefit china lol. India can find other oil sources which I think they will. Seems like the govt will give a concession on russian oil in private.
But russia’s only major source to sell will be chinese which imports as much as or more than india did. Russia will totally be in Chinese hands than they are now.
Interesting part from the article, Such analysis dictates that, were America to insist on immediate compliance, global oil prices would jump, perhaps to over $80 a barrel. Mr Trump could not countenance that for long. Very soon he might introduce waivers phasing in the restrictions over six months, allowing markets to adjust—a repeat of 2018-19, when soaring prices in the wake of Mr Trump’s sanctions against Iran forced America’s president to soften his approach. An oil glut is expected early next year, which might accommodate tough-but-phased-in Russian sanctions
Lease_Tha_Apts on
Daily reminder that this war could end in about a month if any European power actually put boots on the ground.
However, the West prefers to pussyfoot around the issue and puppeteer Ukraine as per their convenience.
Using up the little soft power the US has gained in India in over a decade to achieve this small of a geopolitical goal is incomprehensibly dumb.
!ping IND
AI_Renaissance on
For a party that supposedly hates communism, and china, its like they are trying everything in their power to hand China a victory.
quickblur on
“China will benefit” should be the slogan for just about every move this administration makes.
4 Comments
Yah it will benefit china lol. India can find other oil sources which I think they will. Seems like the govt will give a concession on russian oil in private.
But russia’s only major source to sell will be chinese which imports as much as or more than india did. Russia will totally be in Chinese hands than they are now.
Interesting part from the article, Such analysis dictates that, were America to insist on immediate compliance, global oil prices would jump, perhaps to over $80 a barrel. Mr Trump could not countenance that for long. Very soon he might introduce waivers phasing in the restrictions over six months, allowing markets to adjust—a repeat of 2018-19, when soaring prices in the wake of Mr Trump’s sanctions against Iran forced America’s president to soften his approach. An oil glut is expected early next year, which might accommodate tough-but-phased-in Russian sanctions
Daily reminder that this war could end in about a month if any European power actually put boots on the ground.
However, the West prefers to pussyfoot around the issue and puppeteer Ukraine as per their convenience.
Using up the little soft power the US has gained in India in over a decade to achieve this small of a geopolitical goal is incomprehensibly dumb.
!ping IND
For a party that supposedly hates communism, and china, its like they are trying everything in their power to hand China a victory.
“China will benefit” should be the slogan for just about every move this administration makes.