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To: BeauBo
Why are G7 countries attempting to put a price cap on Russian oil if the sanctions aren't backfiring?

Russia is the one holding all the leverage. It doesn't need Europe's money. It is collecting a record amount of record amount of oil revenue. Oil sells itself. China and India will buy as much of it as they can get (and then sell it back to the dumb Europeans).

That you had to ask the question you did proves how stupid Russian Derangement Syndrome makes a person. Everything you believe about the war on the ground and sanction war is a lie or delusion. It should be surprising given the Biden regime is the source of most of what you you post here.

35 posted on 09/06/2022 12:00:42 PM PDT by Kazan
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To: Kazan

“It (Russia) doesn’t need Europe’s money. It is collecting a record amount of record amount of oil revenue.”

Russian oil revenue has already peaked from the wartime price surge. Prices are down over 25% from there.

Oil is is the last leg remaining under Russia’s economy and Government budget, now that the gas leg is broken.

There have been no secondary sanctions on other buyers of Russian oil yet, but that is what is coming on December 5th.

Doom’s Day.


55 posted on 09/06/2022 12:32:04 PM PDT by BeauBo
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To: Kazan
China and India will buy as much of it as they can get (and then sell it back to the dumb Europeans).

Perhaps so. In which case, they'll be getting it anyway, won't they?

Whereas that doesn't work with spare parts and tech that aren't fungible. Long after Europe has recovered from the loss of Russian fuel, Russia will be suffering big-time from worn-out/broken/obsolete tech.

63 posted on 09/06/2022 12:56:19 PM PDT by Bruce Campbells Chin
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