Comments by "M Shastri" (@libshastra) on "Russia Just Got Terrible News" video.

  1. Russian natural gas prices are still twice the prewar price. That's where Russia is still making money from. Russia is like Saudi Arabia, unless gas prices tanks and hits below $20/barrel, Russia stands to make a profit. It will not be $100 profit margin like it did in the previous month, but nonetheless the margin is still significant big enough to cover freight costs + insurance costs even with the 30% discount that India and China gets. I don't think it as simplistic as oil prices drop, Russian economy collapses.
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