4 ms·
There are two pipes: one bings gas from Russia and the other cash from Europe. You turn the first one off, the second one is off as well.
by GoToRO 5y ago
There are two pipes: one bings gas from Russia and the other cash from Europe. You turn the first one off, the second one is off as well.
- TrainedMonkey 5y agoThere is a third pipe which is ability of Russia to use foreign currency to buy stuff. That is the pipe that got turned off, it is not clear if/why Russia would continue to send gas. On one hand they could stop sending gas, on the other hand what else would they do with that gas? I am hoping that they do not have significant storage or transportation to Asia infrastructure.
- SR2Z 5y agoPresumably oligarchs and Putin think that there's a way for them to evade sanctions.
- spartanatreyu 5y agoPutin is definitely going to try and launder his monetary reserves through China to access the greater world.
- aaaaaaaaata 5y agoSo Bitcoin?
- octoberfranklin 5y agoThat third pipe has a large arterial which detours through China before reaching the West.
- bilbo0s 5y agoYou assume that it would reach the West. Maybe China just takes the Russian gas and pays them in Yuan. I have a hard time believing that China will forward energy resources to anyone else when they, themselves could be using said resources. But I could be wrong. Maybe they're big hearted like that.
- elil17 5y agoRussia has hoarded cash, Europe has not hoarded gas. There’s the issue.
- indemnity 5y agoCash is liquid, 80% of Russian reserves are not any more, after yesterday.
- Ajef 5y agoThere are certain gas reserves... also winter is just about over. So demand will probably be less.
- tonyedgecombe 5y agoRussia's money is gone: https://www.bloomberg.com/opinion/articles/2022-02-28/russia-s-money-is-gone https://www.bloomberg.com/opinion/articles/2022-02-28/russia...
- sbierwagen 5y agoAll the bank sanctions have had carveouts for fossil fuels.