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It’s not even about that. It looks like Putin is making the correct calculation that the west would suffer more. Look at the Chinese reaction, it is very unli
by wbsss4412 5y ago
It’s not even about that.
It looks like Putin is making the correct calculation that the west would suffer more.
Look at the Chinese reaction, it is very unlikely he would be making this move without at least tacit Chinese support. He has an outlet for all of that energy and grain.
Where will Europe recover that supply from?
- Fatnino 5y agoFrom wherever China is buying it now.
- wbsss4412 5y agoYou mean like Iran? Oil is fungible to a significant degree, but oil politics are not.
- posix_me_less 5y agoAre you sure? Now Iran suddenly seems more likeable partner for oil trade than Russia. And Europe always wanted the JCPOA deal.
- wbsss4412 5y agoYes, except now the Iranians also suddenly have significantly more leverage in negotiating a new treaty. Coming to a timely agreement there is not a foregone conclusion. The key balance here is with the Iranians and the saudis. In all likelihood the nato response hinges on how much support they can count in the Middle East.