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Report: India is Buying Up Cheap Sanctioned Russian Oil and Selling it to the U.S. and E.U. at Huge Profits
Information Liberation ^
| Jun. 02, 2022
| Chris Menahan
Posted on 06/09/2022 9:15:00 AM PDT by fireman15
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Gosh what a surprise!
The original source of the info is a paywalled WSJ story.
https://www.wsj.com/articles/russian-oil-producers-stay-one-step-ahead-of-sanctions-11654076614
1
posted on
06/09/2022 9:15:00 AM PDT
by
fireman15
To: fireman15
2
posted on
06/09/2022 9:18:10 AM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: fireman15
As the South Asian/Canadian comedian Russell Peters said: Indians can not resist a deal, and Chinese can not give you a deal.
3
posted on
06/09/2022 9:18:23 AM PDT
by
PGR88
To: fireman15
4
posted on
06/09/2022 9:18:36 AM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: kiryandil
5
posted on
06/09/2022 9:19:23 AM PDT
by
fireman15
(Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
To: fireman15
the free nation of India is buying oil from Russia for a whopping $35 off a barrel and selling it back to us in a hilarious arbitrage scheme. @800K barrels per day, That's $28 million -- per day!
They love Joe Biden!
6
posted on
06/09/2022 9:21:10 AM PDT
by
PGR88
Economics seems to be the key in collapsing this evil, corrupt empire, so although painful this is ultimately a good thing. Buck up folks, and find a comfy spot on the sofa. Watch the show.
7
posted on
06/09/2022 9:21:24 AM PDT
by
JonPreston
(Q: Never have so many, been so wrong, so often)
To: fireman15
My cousin trades Forex and has nearly tripled his money in a long trade on the ruble vs euro. He thinks it could double again.
8
posted on
06/09/2022 9:22:35 AM PDT
by
montag813
To: fireman15
9
posted on
06/09/2022 9:22:58 AM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: JonPreston
10
posted on
06/09/2022 9:24:01 AM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: JonPreston
Some popcorn for you, in that link. :)
11
posted on
06/09/2022 9:24:22 AM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: fireman15
because India has threatened to ditch their alliance with America and ally with China if the US dares to sanction them.
This sounds ridiculous - the US isn't going to sanction India, which is far more important in the context of China than it is in the context of Russia. And India is not going to ditch its alliance with the US for any reason, because China is a far bigger threat to India than US sanctions ever will be.
To: fireman15
Free market capitalism. Don't blame the Indians. OUR problems (USA and PRC (Politically Repressive Canada)) are HOME BRED! Two of many of these problems, are shown below.
To: fireman15
Some folks in DC need to read a book called The Art of the Deal.
14
posted on
06/09/2022 9:27:41 AM PDT
by
Quilla
To: PGR88
@800K barrels per day, That's $28 million — per day! They love Joe Biden!
Does anyone else wonder what the “big guy's” cut is? The Democrats never let a huge transfer of funds from US consumers to someone else go to waste. This entire political dog and pony show in the Ukraine is a distraction and a source of funds for Soros, the Democrats, and who knows how many other bit players. The ones hosting the show are the Russians and Ukrainian leadership and they are likely profiting the most. So, what is their incentive to wrap this nonsense up?
15
posted on
06/09/2022 9:28:29 AM PDT
by
fireman15
(Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
To: PGR88
Far more. Take a look at refining margins…$20-$30 per barrel.
16
posted on
06/09/2022 9:28:47 AM PDT
by
RossA
To: fireman15; All
17
posted on
06/09/2022 9:42:18 AM PDT
by
Wuli
To: fireman15
So, contrary to the idea India was selling as its motive - national interest - its deals for discounted Russian oil was really about commercial profits.
18
posted on
06/09/2022 9:44:19 AM PDT
by
Wuli
To: fireman15
They (India) are making deals that benefit their country. Can’t blame them for that.
19
posted on
06/09/2022 9:48:49 AM PDT
by
Pajamajan
( PRAY FOR OUR NATION. Never be a peaceful slave in a new Socialist America.)
To: montag813
My cousin trades Forex and has nearly tripled his money in a long trade on the ruble vs euro. He thinks it could double again. Yes, the virtue signalling “sanctions” are really hurting the Russians! /s
For those not familiar there was an initial drop in the value of the ruble vs. the euro. This was a source of great joy for people supporting the “sanctions”. The joy lasted for approximately one month. In the next month the drop was completely erased. Two weeks later, the value of the ruble had gone back up to the point that it was more valuable vs euros than it had been since 2015. Uh, oh!!!
Russian profits on exports from everything from oil and gas to food and fertilizer have been spiking in a way that not even they could have predicted. Money is literally flooding into their economy. The Ukrainian adventure it the most profitable endeavor that they have engaged in since the cold war ended. Mostly thanks to the virtue signaling “sanctions” that have now completely backfired.
But what else should we expect from any Biden led initiative other than disaster. He has sure taught those nasty commies a lesson. Think of the sugar plum fairies dancing around in Kim Jong-un’s fat head, and Xi Jinping... what is he now hoping to gain from Western “punishment”.
20
posted on
06/09/2022 9:53:27 AM PDT
by
fireman15
(Irritating people are the grit from which we fashion our pearl. I provide the grit. You're Welcome.)
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