Posted on 02/24/2024 5:59:01 AM PST by SpeedyInTexas
India says that it is ready to drop Russian oil, when the time comes. Even if China keeps buying, the loss of just the Indian market would be a huge financial hit on Russia.
OilPrice.com (17 July):
“India is not concerned about President Trump’s threat to crack down on Russia’s oil exports and slap secondary sanctions or tariffs on buyers of Russian crude if no peace deal on Ukraine is reached in 50 days.
“I’m not worried at all. If something happens, we’ll deal with it,” India’s Petroleum and Natural Gas Minister, Hardeep Singh Puri, said at an industry event in New Delhi on Thursday...
...For now, India appears unfazed and is playing down the threat, saying it has diversified its supply sources and more oil will be available soon on the market.
“India has diversified the sources of supply and we have gone, I think, from about 27 countries that we used to buy from to about 40 countries now,” minister Puri said.
“There is a lot of oil available in the market…Many countries, including Brazil, Canada and others, are ramping up output. I am not unduly worried about supplies as of now. We have diversified our sources,” Puri said.
India feels “no pressure” and has enough supply options to ensure uninterrupted flows of crude, the minister added.”
Slovakia agrees to approve EU’s 18th sanctions package against Russia, Fico says.
Kyiv Independent (17 July):
“The new Russian oil price cap is expected to lower the maximum cost per barrel to $47, down from $60, by subtracting 15% from the 22-week average price, and will be revised every six months instead of every three, one of the sources said.”
As a Beatles fan loved the movie yesterday. Back in the USSR scene is good
I though I read some time ago that we have a large number of mothballed patriot systems for some reason 50 comes to mind
What is the latest on the ukranian drone hunting drone
We have always maintained somewhere around 50 active batteries, and we probably have some in reserve. All of the components have been upgraded (replaced) over the years. Radars, launchers, command centers, etc. The current system is nothing like the original from the 80’s. We still had HAWK (the predecessor to patriot) components and missiles to send, so I’d assume we have a significant number of older patriot components in storage, and could likely assemble some batteries from those. Probably PAC-2, maybe even some old PAC-1. PAC-2 missiles were introduced in 1990, and have a shelf life of 45 years, so even the first ones made are still good. If nothing else, some of these components can replace combat losses. Ukraine doesn’t lose an entire battery, but they have lost components. Launchers, radars, command centers.
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