Re:Russian forces invade Ukraine after Putin orders attack
by Fatnino on Thursday February 24, 2022 @12:26PM
(#30457554)
From wherever China is buying it now.
Re:Russian forces invade Ukraine after Putin orders attack
by wbsss4412 on Thursday February 24, 2022 @12:29PM
(#30457589)
You mean like Iran?
Oil is fungible to a significant degree, but oil politics are not.
Re:Russian forces invade Ukraine after Putin orders attack
by posix_me_less on Thursday February 24, 2022 @01:00PM
(#30457990)
Are you sure? Now Iran suddenly seems more likeable partner for oil trade than Russia. And Europe always wanted the JCPOA deal.
Re:Russian forces invade Ukraine after Putin orders attack
by wbsss4412 on Thursday February 24, 2022 @01:10PM
(#30458116)
Yes, except now the Iranians also suddenly have significantly more leverage in negotiating a new treaty. Coming to a timely agreement there is not a foregone conclusion.
The key balance here is with the Iranians and the saudis. In all likelihood the nato response hinges on how much support they can count in the Middle East.
It looks like Putin is making the correct calculation that the west would suffer more.
Look at the Chinese reaction, it is very unlikely he would be making this move without at least tacit Chinese support. He has an outlet for all of that energy and grain.
Where will Europe recover that supply from?