Presently, Russia has very little oil and gas revenue. The deliveries are curtailed for inadequate transport.
Wow, you must be smoking some STRONG s#it. STRONG.
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On
Western sanctions on Moscow have backfired, failed to paralyze Russia’s economy, and ultimately sparked financial pain for ordinary Europeans and the largest economy in the block.
>>>> !!! >>>According to Reuters calculations, Germany has hemorrhaged cash to the tune of 440 billion euros ($465 billion) in energy bailouts and schemes, as well as keeping energy supplies flowing while it lost access to inexpensive natural gas from its leading supplier Russia in 2022. <<< !!! <<<<
“How severe this crisis will be and how long it will last greatly depends on how the energy crisis will develop,” said Michael Groemling at the German Economic Institute (IW). He added: “The national economy as a whole is facing a huge loss of wealth.”
Reuters said the “cumulative scale” of energy bailouts and other schemes employed by Berlin equates to 1.5 billion euros per day since Russia invaded Ukraine, or about 12% of national economic output, or 5,400 euros for each German.
Germany has shown Europe how backfiring sanctions ruin its country’s finances and send millions of its citizens crashing into energy poverty overnight. These anti-Russian measures have caused soaring electricity and NatGas prices and elevated risks of entering a recession in 2023.
[more at link]
Russia’s Oil Revenues Dip As Huge Discounts Offset High Exports
Dec 14, 2022
[Russia’s oil revenues “dipped” while exports increase to new customers, building a new economy not dependent on European customers. Meanwhile, Europe freezes and business close for lack of affordable gas. American LNG costs 6 to 8 times more than Russian pipeline gas.]
Lower oil prices and steeper discounts for Russian oil sent Russia’s oil revenues down in November despite the highest export volumes since April this year, the International Energy Agency (IEA) said on Wednesday.
Last month, total oil exports out of Russia rose by 270,000 barrels per day (bpd) from October to 8.1 million bpd in November, pushed up by higher diesel exports, the IEA said in its closely-watched Oil Market Report for December. Russian diesel exports increased by 300,000 bpd to 1.1 million bpd in November, two months before the EU embargo on seaborne imports of Russian products.
Total Russian exports in November stood at their highest levels since April 2022, the IEA said. However, Russia’s oil export revenues fell by $700 million to $15.8 billion due to wider discounts on Russian crude and lower international crude oil prices, according to the IEA’s estimates.
Russian oil prices saw steeper declines in November. Urals in Northwest Europe fell by nearly $30 per barrel to $43 a barrel by early December, well below the $60 per barrel price cap finally agreed by G7, Australia, and the EU, per IEA assessments.
Russia’s crude oil loadings were essentially little changed in November compared to October, at just over 5 million bpd, as record shipments to India offset lower exports to the European Union. Loadings to the EU dropped by 430,000 bpd to 1.1 million bpd, but exports to India hit a record of 1.3 million bpd, the IEA said.
They’re down to using WW2-era armor, buying drones from Iran, and artillery ammo from North Korea. I think it’ll be a short war.
Something that cannot have slipped the minds of Chinese planners is that a militarily prostrate Russia will be easy pickings.