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This is going to be the strongest push to get Europe of Russia's gas ever seen. Winter is 2/3rds over. If it's only about oil - this is incredibly short sight
by onlyrealcuzzo 5y ago
This is going to be the strongest push to get Europe of Russia's gas ever seen.
Winter is 2/3rds over.
If it's only about oil - this is incredibly short sighted.
As others have mentioned - Nord Stream 2 circumvented Ukraine. All was well for oil. This blows that up in his face.
The ruble is down ~14% since this started. MOEX is down ~20% on top of that. Corporate debt yields are up from ~1% to ~8%.
This has erased almost 40% of Russia's private wealth in the span of a month.
For anyone thinking - BUT THE PRICE OF OIL IS GOING UP!!1!
Not Russian Oil - it's going down: https://www.aljazeera.com/economy/2022/2/22/russian-oil-sells-at-deep-discount-on-ukraine-crisis https://www.aljazeera.com/economy/2022/2/22/russian-oil-sell...