Comments by "Silver Prussian" (@Silver_Prussian) on "Russia Is Cannibalising Its Economy. But That's Not Enough." video.

  1. Muh oil price cap works he said The price cap of $60 was announced in December 2022. Now, commercially available data shows that in the Far East, Western companies are trading Russian oil which is selling above the price cap level. And multiple reports cite Chinese & Indian customs data suggesting that local importers bought Russian crude without a discount, at a similar price to Brent.  The price cap enforcement system relies on attestations, what amounts to an honour system, in the form of promises from the fossil fuel industry that officials may occasionally check. There has been no evidence of relevant authorities in any price cap country enforcing any penalties for violations. As a result, it’s unlikely that any trades have taken place beneath the price cap which would otherwise have taken place above it. This system is contributing to record Russian exports. January 2023 was Russia’s strongest month for oil exports since 2019. That number includes the $300bn of reserves seized by the West in the first week of the Russo-Ukraine war; however, it appears that the Kremlin might have access to a lot of that money after all. The EU legal authorities have admitted they can’t find most of it, reports Delfi. As of February 10, international reserves were valued at $589bn, comprising foreign currency, Special Drawing Rights (SDRs), a reserve position in the International Monetary Fund and monetary gold. These reserves represent highly liquid foreign assets available to the CBR and the Russian government. According to recent reports, the EU legal enforcement authorities have only been able to identify €33.8bn of the €250bn held in Europe, which has been frozen. The remaining funds have not been found and presumably remain under Russian control. Delfi reports that the EU has still not been able to identify where the majority of the CBR funds are held. Moreover, they admitted the $300bn number was based on the CBR’s own reporting of the amount held in Europe and not on reports from the institutions that were supposed to hold the reserves; consequently the amount held in Europe may be a lot lower than the reported figure of $300bn. The CBR no longer holds any dollars, but lawmakers said this month that the regulator plans to sell off all its euros this year as well. After the change the CBR will hold only gold and yuan in its reserves, split 40% and 60% respectively. I am grinning if you cant tell.
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  2.  @AL-lh2ht  instead of projecting your weakness on me why dont you just admit that I am right and you can keep your dignity intact, how about that ?
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  3.  @lepetitroquet9410  love how you dont know nothing the price gap was introduced in december of 2022 Currently the price of russian pil is drumm rolls please 70 dollars a barrel. But but but india is buying a ta huge discount surely that will effect their profit, as of april india buys russian oil at 68 dollars a barrel. For comparison brent oil is worth 84 dollars a barrel
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  4.  @TheSuperappelflap  ok they have those reserves, but they arent gonna use them instead just so they dont export russian oil, whats the point of those countries using their strategic oil reserves in a time when there is oil on acceptable price and lost of it in the earth. Its simply doesnt make sense for them to do it. Also how much oil do they have in their reserves ? China for example has more than 25 billion barrels of oil reserves, they consume roughly 12.8 milion a DAY. So that would mean that they would have to waste more than 4 billion of their oil reserves in an year , this amounts to 4.5 years without buying oil this is assuming consumption remains the same and it doesnt go up. But again why would those countries waste their reserves for the sake if somebody elses interests how do they benefit exactly ? Why would they hurt a vital economic and political partner with whom they have already intertwined their economies to the point of wanting the create a new currency ?
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  5.  @lepetitroquet9410  you said it might have had an impact, my point is that it didnt had any because the price of russian oil fell even before they implemented it, after they implemented it it hang around 60 dollars a barrel and it bounced back. I dont see any effect at all. It was yet another meaningless action.
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  6.  @carlabroderick5508  they are from western articles Laugh if you want its evident nothing has worked
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  7.  @TheSuperappelflap  I literaly gave, statistics and this guy is sitting here spewing in my face cause he is mad things arent going according to his pathetic worldview and wishes You do know that when you buy oil you use it up right ? You dont just buy it once an year and never buy again up until the next year comes around. You are talking for the 2 most populous countries in the world, this isn't just consumption of fuel, oil is used for the production of verious good. And the discount isnt that big at all. They have already been reselling russian oil or mixing it up with other and have gained a lot of money in the process yet the west does nothing because if they sanction countries they know they cant realistically sanction well, they will be commiting economic suicide. Sure bias, pro western zealots like peter zaihan can say whatever they want but the reality is very different from what you imagine it to be The price of russian oil fell to around 60$ a dollars a barrel even before the price cap after the price cap it hang around there for a while and then it shot up, yesterday it was 70 dollars a barrel
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  8. ​ @Bonanzaking noooo only the west can tell other what to do Reeeeeeeee Thats why Russia and its allies are f*cking tired of this bullsh*t, bias, hypocritic world order
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  9. ​ @willbarnstead3194  As of May 5, 2023, Russia had about 599 billion U.S. dollars in international reserves. To compare, at the beginning of 2022, prior to the war in Ukraine, the value of foreign exchange reserves in the country was measured at 630.5 billion U.S. dollars. Wow such a decrease man cant wait for muh strain on the economy Urals Oil is expected to trade at 67.31 USD/Bbl by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, its estimated to trade at 77.26 in 12 months time.  Muh oil price cap works trust me.
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