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What about the countries buying up Russian gas an reselling it to EU countries? Did they stop that or have those countries just gotten smarter in hiding the ori

What about the countries buying up Russian gas an reselling it to EU countries? Did they stop that or have those countries just gotten smarter in hiding the origins of the gas?

SXX 3y ago
EU never put any sanctions against Russian gas. The only reason why EU stopped buying it is because of Putin genious attempt to freeze EU by blocking gas exports.
- potatototoo99 3y ago
  On 3 December 2022, the Council adopted Decision (CFSP) 2022/2369 , which established the price cap for crude oil at $60 per barrel.
  - SXX 3y ago
    Okay pardon my far-from-perfect use of English after a day of sleep deprivation. I should have said natural gas, not gasoline.
    - ghostwriter 3y ago
      > The only reason why EU stopped buying it [...] > I should have said natural gas, not gasoline. You need to sleep a bit more: "Spain Boosts Russia LNG Imports 84% While EU Urges Less Reliance" https://www.bloomberg.com/news/articles/2023-03-14/spain-boosts-russia-lng-imports-84-while-eu-urges-less-reliance https://www.bloomberg.com/news/articles/2023-03-14/spain-boo...
Moldoteck 3y ago
It's not intended. In current situation more money go to middleman compared to ru, because rubis forced to sell at discount with fewer clients, so generally situation is the same but profit margins are bigger for middleman compared to ru
- ghostwriter 3y ago
  > It's not intended. In current situation more money go to middleman compared to ru Let's pretend those middlemen are Martians. https://www.offshore-technology.com/news/trafigura-stake-nayara/ https://www.offshore-technology.com/news/trafigura-stake-nay...
wilburTheDog 3y ago
Not smarter. Not even trying to hide it. And Russia is selling oil at a price they set. It's just the EU that's paying more to pretend they aren't doing business with Russia. "India’s diesel exports tripled to ~1,600,000 barrels per day in March 2023, compared to a year ago, making diesel one of the largest components of India-EU trade." https://oilprice.com/Energy/Crude-Oil/India-Leads-In-Russian-Oil-Laundering-To-Europe.html https://oilprice.com/Energy/Crude-Oil/India-Leads-In-Russian...
- vegardx 3y ago
  India imports crude oil from Russia and refines it into products that Europe wants, like diesel as you mentioned. You forgot to mention that Europe imported almost all diesel from Russia.
  - wilburTheDog 3y ago
    As of January this year Russia provided about 1/4 of the diesel imports for Europe. That's down from pre-war levels. https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/011923-europe-still-buying-over-quarter-of-diesel-imports-from-russia-ahead-of-new-curbs https://www.spglobal.com/commodityinsights/en/market-insight... "Although still high, Europe's dependence on Russian diesel has almost halved from pre-war levels when the region sourced 46% of its diesel imports from Russia, the data showed."
    - vegardx 3y ago
      As of January the sanctions weren't in full effect. Like the article mentions the ban on refined oil products wasn't in full effect before 5th of February. Russia has lost the single largest market they have for refined oil products, like diesel and gasoline. This is being replaced by increased production in European countries and emerging markets, like India. India is buying crude oil from Russia at a discounted price. Around a quarter of the cost of refined oil products is based on price of crude oil. Russia has more or less gutted it's entire refined oil industry. India, amongst others, are picking up the pieces. So no, your assessment that Europe is pretending that they're not doing business with Russia is completely missing the mark.

What about the countries buying up Russian gas an reselling it to EU countries? Did they stop that or have those countries just gotten smarter in hiding the origins of the gas?

SXX 3y ago

EU never put any sanctions against Russian gas. The only reason why EU stopped buying it is because of Putin genious attempt to freeze EU by blocking gas exports.

potatototoo99 3y ago
On 3 December 2022, the Council adopted Decision (CFSP) 2022/2369 , which established the price cap for crude oil at $60 per barrel.
- SXX 3y ago
  Okay pardon my far-from-perfect use of English after a day of sleep deprivation. I should have said natural gas, not gasoline.
  - ghostwriter 3y ago
    > The only reason why EU stopped buying it [...] > I should have said natural gas, not gasoline. You need to sleep a bit more: "Spain Boosts Russia LNG Imports 84% While EU Urges Less Reliance" https://www.bloomberg.com/news/articles/2023-03-14/spain-boosts-russia-lng-imports-84-while-eu-urges-less-reliance https://www.bloomberg.com/news/articles/2023-03-14/spain-boo...

Moldoteck 3y ago

It's not intended. In current situation more money go to middleman compared to ru, because rubis forced to sell at discount with fewer clients, so generally situation is the same but profit margins are bigger for middleman compared to ru

ghostwriter 3y ago
> It's not intended. In current situation more money go to middleman compared to ru Let's pretend those middlemen are Martians. https://www.offshore-technology.com/news/trafigura-stake-nayara/ https://www.offshore-technology.com/news/trafigura-stake-nay...

wilburTheDog 3y ago

Not smarter. Not even trying to hide it. And Russia is selling oil at a price they set. It's just the EU that's paying more to pretend they aren't doing business with Russia. "India’s diesel exports tripled to ~1,600,000 barrels per day in March 2023, compared to a year ago, making diesel one of the largest components of India-EU trade." https://oilprice.com/Energy/Crude-Oil/India-Leads-In-Russian-Oil-Laundering-To-Europe.html https://oilprice.com/Energy/Crude-Oil/India-Leads-In-Russian...

vegardx 3y ago
India imports crude oil from Russia and refines it into products that Europe wants, like diesel as you mentioned. You forgot to mention that Europe imported almost all diesel from Russia.
- wilburTheDog 3y ago
  As of January this year Russia provided about 1/4 of the diesel imports for Europe. That's down from pre-war levels. https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/011923-europe-still-buying-over-quarter-of-diesel-imports-from-russia-ahead-of-new-curbs https://www.spglobal.com/commodityinsights/en/market-insight... "Although still high, Europe's dependence on Russian diesel has almost halved from pre-war levels when the region sourced 46% of its diesel imports from Russia, the data showed."
  - vegardx 3y ago
    As of January the sanctions weren't in full effect. Like the article mentions the ban on refined oil products wasn't in full effect before 5th of February. Russia has lost the single largest market they have for refined oil products, like diesel and gasoline. This is being replaced by increased production in European countries and emerging markets, like India. India is buying crude oil from Russia at a discounted price. Around a quarter of the cost of refined oil products is based on price of crude oil. Russia has more or less gutted it's entire refined oil industry. India, amongst others, are picking up the pieces. So no, your assessment that Europe is pretending that they're not doing business with Russia is completely missing the mark.