Everyone hates Trump but cutting off Russian money is needed to save Ukraine. What was the point of the EU cutting off Russian gas if Russia just sells it for more to India?
Not sure if gas is the same as crude, but if it is then the price is capped so that Russia doesn’t make any money off it. Then India can buy from Russia and sell it on for profit to the market, meaning that India profits instead of Russia, and the rest of us gets to enjoy fairly normal prices when it comes to oil and gas.
Almost everyone is happy.
Which is why India is rightfully pissed at Trump for sabotaging this setup, probably because it was done under Biden, when they’ve been doing exactly what everyone wanted, and expected.
Edit: India is pissed because not only did Trump sabotage the setup, he’s also punishing India for doing something that the setup permitted and encouraged. Turkieye (or how you spell it) is doing the same as India IIRC.
if it is then the price is capped so that Russia doesn’t make any money off it.
The price isn’t capped but it doesn’t matter that they sell it for less profit.
They sell it to India for cash which funds their war against Ukraine. India likes the cheap resources so doesn’t care that they are funding Russia’s invasion.
If they sell it for the same as it cost to extract and transport it then there’s nothing left over to fund their war.
It’ll never be perfect, but if we tank our economies just to make a point, what good is that? We’re able give a lot to Ukraine because we can keep the energy cost fairly low.
Everyone hates Trump but cutting off Russian money is needed to save Ukraine. What was the point of the EU cutting off Russian gas if Russia just sells it for more to India?
Not sure if gas is the same as crude, but if it is then the price is capped so that Russia doesn’t make any money off it. Then India can buy from Russia and sell it on for profit to the market, meaning that India profits instead of Russia, and the rest of us gets to enjoy fairly normal prices when it comes to oil and gas. Almost everyone is happy.
Which is why India is rightfully pissed at Trump for sabotaging this setup, probably because it was done under Biden, when they’ve been doing exactly what everyone wanted, and expected.
Edit: India is pissed because not only did Trump sabotage the setup, he’s also punishing India for doing something that the setup permitted and encouraged. Turkieye (or how you spell it) is doing the same as India IIRC.
The price isn’t capped but it doesn’t matter that they sell it for less profit.
They sell it to India for cash which funds their war against Ukraine. India likes the cheap resources so doesn’t care that they are funding Russia’s invasion.
I think it is, but feel free to educate me. https://en.m.wikipedia.org/wiki/2022_Russian_crude_oil_price_cap_sanctions
If they sell it for the same as it cost to extract and transport it then there’s nothing left over to fund their war.
It’ll never be perfect, but if we tank our economies just to make a point, what good is that? We’re able give a lot to Ukraine because we can keep the energy cost fairly low.
The G7 is the US, EU, GB, Canada. India is not in the G7. They aren’t following the sanctions. That’s the issue.
Trump must be punishing India for their recent visit to China. If India becomes friends with China then who is going to contain China?