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Russia exports a tonne of gas and oil for a start. And there are no real sanctions on that yet because Europe needs to buy it or freeze in the dark. And even
by LatteLazy 5y ago
Russia exports a tonne of gas and oil for a start. And there are no real sanctions on that yet because Europe needs to buy it or freeze in the dark. And even if the west did sanction those, they could still sell to China or 100 other countries.
And remember, if Ruble's are half price right now, then anything outsiders can buy with them is half price too. That's a boon for anyone buying/selling gas or oil.
- allendoerfer 5y agoRussia cannot sell European gas to China, because Russia does not have pipelines from West to East.
- LatteLazy 5y agoWho gets to sanction who will basically come down to whether Russia or Europe can connect to other Consumers/Producers first I think. If Russia can find and deliver it's oil to a new customer (China? It can cut Europe off). If Europe can find and connect to a new supplier of gas first it can stop paying Russian. Seems like it should be easier for Russia but I'm no expert.
- martin_a 5y ago> And even if the west did sanction those, they could still sell to China or 100 other countries. This implies that 100 other countries (that are not yet a customer of Russian gas and oil) would be willing and able to buy the same amount. That is probably not the case.