Re:US quietly urges more use of Russia fertilizer to ease fo...
by cpursley on Tuesday June 14, 2022 @07:42PM
(#31747420)
You made my point for me regarding moving natural gas. EU is 5+ years from a Russian gas replacement (oil/gasoline, sooner).
Regarding debts, the Russian federal debt is one of the lowest in the world. Google/Yandex it.
And as for the citizens, yeah - no more BMWs or iPhones (just kidding, those will come from Kazakhstan and Armenia at a markup)...
Tensions are already rising between the Saudi's and Russians, who are frustrated with Russia's drop in output since the war started. This will only exacerbate the west moving away from fossil fuels - essentially weakening oil power world wide.
On top of that, all the money they're making from oil has been pretty much paying off accumulated foreign debts. People are concerned about the export - but it doesn't matter if you export a lot if you can't import what you need for an extended war effort or for your citizens.
I think Russia has already lost this war from a geopolitical perspective. Even if they take the Ukraine, their position is worse than it was from before.