4 ms·

India wouldn't accept that. They don't have any leverage, they played their hand.

nomel 3y ago
I know nothing of this. If Russia decided to add a "fee" for reselling, does India have an alternative supply to pull from?
- mrguyorama 3y ago
  If India doesn't buy Russia's oil to resell to Europe, Russia ends up with even less money than they have now. If they want to bite yet another hand that is feeding them, they are welcome to continue being their own worst enemy.
  - nomel 3y ago
    Does this mean that the EU could easily lower its demand?
    - actionfromafar 3y ago
      No?
      - nomel 3y ago
        > If India doesn't buy Russia's oil to resell to Europe, Russia ends up with even less money than they have now. EU is buying through India, right? If Russia put fee's in place to discourage India from reselling, but EU demand didn't change, prices would have to increase, right? It's a two sided market, supply and EU demand, which makes this "If India doesn't buy Russia's oil to resell to Europe" seem impossible.
        vegardx 3y ago
        India sells refined goods to Europe. They buy crude oil from Russia because Russia has no market to sell it to, and have to sell it at a discounted price. If Russia puts any sanctions on where India can sell their refined goods they'll just buy crude oil elsewhere. Europe isn't the only market, and Russia isn't the only producer of crude oil. India is just making a premium buy using Russian crude oil. The biggest loss for Russia isn't the loss of crude oil sales, it's the loss of sale on refined goods. They were a massive supplier of things like diesel to Europe.
        nomel 3y ago
        > they'll just buy crude oil elsewhere. Ahh thanks, that directly answers to my original question, which apparently wasn't appreciated. It makes sense now. I'm wondering if there's some interesting metric that can be extracted from comment chains like this, where some semblance of a conversation continues with completely separate people.

I know nothing of this. If Russia decided to add a "fee" for reselling, does India have an alternative supply to pull from?

mrguyorama 3y ago
If India doesn't buy Russia's oil to resell to Europe, Russia ends up with even less money than they have now. If they want to bite yet another hand that is feeding them, they are welcome to continue being their own worst enemy.
- nomel 3y ago
  Does this mean that the EU could easily lower its demand?
  - actionfromafar 3y ago
    No?
    - nomel 3y ago
      > If India doesn't buy Russia's oil to resell to Europe, Russia ends up with even less money than they have now. EU is buying through India, right? If Russia put fee's in place to discourage India from reselling, but EU demand didn't change, prices would have to increase, right? It's a two sided market, supply and EU demand, which makes this "If India doesn't buy Russia's oil to resell to Europe" seem impossible.
      - vegardx 3y ago
        India sells refined goods to Europe. They buy crude oil from Russia because Russia has no market to sell it to, and have to sell it at a discounted price. If Russia puts any sanctions on where India can sell their refined goods they'll just buy crude oil elsewhere. Europe isn't the only market, and Russia isn't the only producer of crude oil. India is just making a premium buy using Russian crude oil. The biggest loss for Russia isn't the loss of crude oil sales, it's the loss of sale on refined goods. They were a massive supplier of things like diesel to Europe.
        nomel 3y ago
        > they'll just buy crude oil elsewhere. Ahh thanks, that directly answers to my original question, which apparently wasn't appreciated. It makes sense now. I'm wondering if there's some interesting metric that can be extracted from comment chains like this, where some semblance of a conversation continues with completely separate people.