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The simple fact here is that China will want to secure resources from Russia that will not be affected by western sanctions going forward. Russia will sell gas

The simple fact here is that China will want to secure resources from Russia that will not be affected by western sanctions going forward. Russia will sell gas and oil to China at a discount, but at the end of the day Russia gets to offload its resources and China secures its energy. Meanwhile, Europe is stuck buying LNG on the spot market at a far higher rate than it was getting via pipelines from Russia. I wonder who the bigger loser in all this is... The whole context here is whether Russia is suffering economically as a result more than Europe. Given that Germany is already in a recession, it's pretty clear what the answer is.

The_Colonel 3y ago
> The simple fact here is that China will want to secure resources from Russia that will not be affected by western sanctions going forward. Now, that's not a simple fact. A simple fact is that China still didn't commit to the project. > but at the end of the day Russia gets to offload its resources Don't you think that the price is an important part here? If Russia "offloads" its resources at prices near break even, then the whole situation is a strategic loss. > The whole context here is whether Russia is suffering economically as a result more than Europe. Given that Germany is already in a recession, it's pretty clear what the answer is. Even the poor data we have points to Russia being the bigger loser.
- yogthos 3y ago
  > Now, that's not a simple fact. A simple fact is that China still didn't commit to the project. Large scale projects take time to negotiate, the fact that you're desperate to make something more out of it says volumes. > Don't you think that the price is an important part here? If Russia "offloads" its resources at prices near break even, then the whole situation is a strategic loss. Except they're not selling at break even prices, this is just the fairy tale you keep repeating here. > Even the poor data we have points to Russia being the bigger loser. It doesn't show anything of the sort as numerous articles I've provided clearly state. However, you're clearly just going to repeat this like a broken record so I don't see any point continuing this discussion. We'll see who's right soon enough.

The_Colonel 3y ago

> The simple fact here is that China will want to secure resources from Russia that will not be affected by western sanctions going forward. Now, that's not a simple fact. A simple fact is that China still didn't commit to the project. > but at the end of the day Russia gets to offload its resources Don't you think that the price is an important part here? If Russia "offloads" its resources at prices near break even, then the whole situation is a strategic loss. > The whole context here is whether Russia is suffering economically as a result more than Europe. Given that Germany is already in a recession, it's pretty clear what the answer is. Even the poor data we have points to Russia being the bigger loser.

yogthos 3y ago
> Now, that's not a simple fact. A simple fact is that China still didn't commit to the project. Large scale projects take time to negotiate, the fact that you're desperate to make something more out of it says volumes. > Don't you think that the price is an important part here? If Russia "offloads" its resources at prices near break even, then the whole situation is a strategic loss. Except they're not selling at break even prices, this is just the fairy tale you keep repeating here. > Even the poor data we have points to Russia being the bigger loser. It doesn't show anything of the sort as numerous articles I've provided clearly state. However, you're clearly just going to repeat this like a broken record so I don't see any point continuing this discussion. We'll see who's right soon enough.