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I'm a little confused what you mean by this not affecting Russian profits. If India buys oil from Russia that they don't need so they can resell it to the EU th
by ImJamal 3y ago
I'm a little confused what you mean by this not affecting Russian profits. If India buys oil from Russia that they don't need so they can resell it to the EU then Russia is making more money then they would have. It is not like India would have bought as much oil as they currently are.
- s1artibartfast 3y agoRussia is making less money than if there were no sanctions and Europe were buying direct. Russia is making more money than if every country refuse to buy from them. The intended purpose of the sanctions was to reduce Russian profits, so that is working. This assumes India is paying less than Europe was before.
- The_Colonel 3y ago> This assumes India is paying less than Europe was before. I don't think this is correct since the market rate is changing all the time. The correct phrasing should be "This assumes India is paying less than market rate for Russian oil which it then re-exports". And I think it's a correct assumption, otherwise why would they do this?