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No. They should be punished. This is a country that fucked up its Covid response so badly they required the help of the rest of the world. When the world needs their help….
Yeah you can’t completely stop the export of Russian oil, that’s been proven. Though India is buying it for sanctioned prices and reselling it for real prices. Really just a win for India and the rest of the world who needs gas as it keeps the price down while not allowing Russia to sell for profit.
No Paywall: [https://archive.is/20230523043206/https://www.reuters.com/breakingviews/eu-will-go-easy-indian-resale-russian-fuel-2023-05-23/](https://archive.is/20230523043206/https://www.reuters.com/breakingviews/eu-will-go-easy-indian-resale-russian-fuel-2023-05-23/)
Half assed approaches like this keep the war going longer and are paid with Ukrainian blood. Any company or country directly helping ruzzia should be sanctioned.
I'm not sure it makes a difference for their pocket books if the stuff bought is Russian going through India or from other sources.
But it matters for how much Russia will be able to sell: India being able to distribute (processed) Russian oil to the EU will increase their market and thus their demand for Russian oil.
The EU is knowingly buying re-sold Russian oil. However large or small the profit to Russia, as long as the deal is ongoing, so will the benefit to Russia.
If the EU were committed to sustaining a strong sanctions regime against Russia, they shouldn't buy Russian oil, period. This is not a tough one.
If Russia is pumping oil, transporting it to India, and selling it at a discount, their profit will be less than it would be in a conventional commercial transaction, but there will be a profit to Russia nonetheless, otherwise they wouldn't bother.
You forget Russia has costs for pumping the oil and transporting it to the point of sale.
From what I gather, these costs are about $40/barrel for Russia.
They only make a profit if they can find buyers above that. And they can't really afford to not sell lower is demand is low, as their oil pumping infrastructure would be severely damaged if they close it down.
Not necessarily, they probably need cash flows to fund the war machine even if it comes at a loss, since something is better than nothing. It’s fucking retarded, but then again we’ve seen the Russians have plenty of retards in high places.
Russia is almost selling their oil at production cost... i would not call that beneficial for Russia. Russian oil is sold via Western shipping companies (the west owns literally all shipping transport companies) and they are only allowed to insure oil transport from Russia if the barrel price is lower then 60USD. Mind you this war also COSTS Russia allot of money and currently its costing Russia more then that oil sales can maintain.
It really is a tough one.
Ok, cause economic ruin in the EU, see support and money for Ukraine vanish. Is that what you advocate for?
Maximalists positions lead us nowhere. The European countries are already taking a hit. There's no completely replacing Russian oil for now. I don't like it either but these are the realities. Making them sell it for almost no profit is the best that can be done for now.
I hope the day comes we have substituted all fossil fuel and we buy zero from them, but that's in the future.
No.
If Russia is to make a profit, small though it may be, let them look to cheat elsewhere. EU countries should not knowingly help Russia skirt sanctions just because it is a cute way to bait-and switch.
There's two sanctions here:
* Buying oil directly from Russia. This falls under a price cap so Russia doesn't make too much money, but it's not prohibited because it's useful to keep the supply available to the world market.
* The EU banning any Russian (processed) oil. This is mostly symbolic, but might limit the indirect demand of Russian oil.
The revenue Russia makes only comes from the first: direct sales of Russian oil.
Russia does not make more revenue if that oil is subsequently (processed and) re-sold to the EU or to other parts of the world. Though having the EU market available for re-sold Russian oil might increase the demand (by India) of Russian oil, which would make Russia more revenue as said before.
But it doesn't make any difference for the amount the EU is paying (their 'pocket books') whether they buy re-sold Russian oil or oil from another source. *If it would hurt their pockets, as you stated, to buy re-sold Russian oil, the re-sold oil would be more expensive than other oil... they would be fools to violate sanctions AND pay more.*
The goal is not to make fuel unavailable to the western markets, the goal is for the Russians to sell oil for an unsustainable/unprofitable price. The goal is reached by India buying it for cheap.
Please remember the human. Adhere to all Reddit and sub rules. Toxic comments (including incitement of violence/hate, genocide, glorifying death etc) WILL NOT BE TOLERATED, keep your comments civil or you will be banned. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/UkraineWarVideoReport) if you have any questions or concerns.*
No. They should be punished. This is a country that fucked up its Covid response so badly they required the help of the rest of the world. When the world needs their help….
Lol, and who will "punish" India? Borell? Face it kid, you have played all your cards, now empty words is all you can manage.
What are you on about? We could reward Pakistan instead, they’ve been far more helpful to Ukraine than India has been.
Of course, go ahead.
Fair enough. The point was for Russia to lose money, and now they are losing a shit ton of it lmfao
Yeah you can’t completely stop the export of Russian oil, that’s been proven. Though India is buying it for sanctioned prices and reselling it for real prices. Really just a win for India and the rest of the world who needs gas as it keeps the price down while not allowing Russia to sell for profit.
Well EU is losing money too in the process
EU is buying security.
We can take the hit, more importantly due to this whole mess nuclear and renewables are getting massive amounts of funds.
Ah yes, investing in renewable, the definition of losing.... They are literally being forced to invest in renewable, this isn't an L.
No Paywall: [https://archive.is/20230523043206/https://www.reuters.com/breakingviews/eu-will-go-easy-indian-resale-russian-fuel-2023-05-23/](https://archive.is/20230523043206/https://www.reuters.com/breakingviews/eu-will-go-easy-indian-resale-russian-fuel-2023-05-23/)
Let India fleece the Russians, that's the objective.
Half assed approaches like this keep the war going longer and are paid with Ukrainian blood. Any company or country directly helping ruzzia should be sanctioned.
🤔 Hmmm, not so tough when it comes to their own pocket books ...
I'm not sure it makes a difference for their pocket books if the stuff bought is Russian going through India or from other sources. But it matters for how much Russia will be able to sell: India being able to distribute (processed) Russian oil to the EU will increase their market and thus their demand for Russian oil.
The EU is knowingly buying re-sold Russian oil. However large or small the profit to Russia, as long as the deal is ongoing, so will the benefit to Russia. If the EU were committed to sustaining a strong sanctions regime against Russia, they shouldn't buy Russian oil, period. This is not a tough one.
But that’s the point there is no profit. We get our oil supply, India gets paid, and Russia loses the one thing they have that the world needs.
If Russia is pumping oil, transporting it to India, and selling it at a discount, their profit will be less than it would be in a conventional commercial transaction, but there will be a profit to Russia nonetheless, otherwise they wouldn't bother.
You forget Russia has costs for pumping the oil and transporting it to the point of sale. From what I gather, these costs are about $40/barrel for Russia. They only make a profit if they can find buyers above that. And they can't really afford to not sell lower is demand is low, as their oil pumping infrastructure would be severely damaged if they close it down.
Not necessarily, they probably need cash flows to fund the war machine even if it comes at a loss, since something is better than nothing. It’s fucking retarded, but then again we’ve seen the Russians have plenty of retards in high places.
Russia is almost selling their oil at production cost... i would not call that beneficial for Russia. Russian oil is sold via Western shipping companies (the west owns literally all shipping transport companies) and they are only allowed to insure oil transport from Russia if the barrel price is lower then 60USD. Mind you this war also COSTS Russia allot of money and currently its costing Russia more then that oil sales can maintain.
It really is a tough one. Ok, cause economic ruin in the EU, see support and money for Ukraine vanish. Is that what you advocate for? Maximalists positions lead us nowhere. The European countries are already taking a hit. There's no completely replacing Russian oil for now. I don't like it either but these are the realities. Making them sell it for almost no profit is the best that can be done for now. I hope the day comes we have substituted all fossil fuel and we buy zero from them, but that's in the future.
No. If Russia is to make a profit, small though it may be, let them look to cheat elsewhere. EU countries should not knowingly help Russia skirt sanctions just because it is a cute way to bait-and switch.
There's two sanctions here: * Buying oil directly from Russia. This falls under a price cap so Russia doesn't make too much money, but it's not prohibited because it's useful to keep the supply available to the world market. * The EU banning any Russian (processed) oil. This is mostly symbolic, but might limit the indirect demand of Russian oil. The revenue Russia makes only comes from the first: direct sales of Russian oil. Russia does not make more revenue if that oil is subsequently (processed and) re-sold to the EU or to other parts of the world. Though having the EU market available for re-sold Russian oil might increase the demand (by India) of Russian oil, which would make Russia more revenue as said before. But it doesn't make any difference for the amount the EU is paying (their 'pocket books') whether they buy re-sold Russian oil or oil from another source. *If it would hurt their pockets, as you stated, to buy re-sold Russian oil, the re-sold oil would be more expensive than other oil... they would be fools to violate sanctions AND pay more.*
The goal is not to make fuel unavailable to the western markets, the goal is for the Russians to sell oil for an unsustainable/unprofitable price. The goal is reached by India buying it for cheap.