Terje Oseberg
Defense Politics Asia (DPA)
comments
Comments by "Terje Oseberg" (@terjeoseberg990) on "[ Ukraine SITREP ] Day 141-142 (14-15/7) Summary - Russian forces wary of possible Ukrainian traps" video.
3
1
1
1
1
1
1
1
1
@timcoolican459 , The only reason China and India are buying Russian oil right now is because oil prices have increased and Russia is selling for a $30 discount. But they can’t buy as much as they want, and Russia can’t sell as much as they produce, because there are no oil pipelines to India from Russia, and there aren’t enough oil pipelines from Russia to China.
Maybe Russia could spend billions building those pipelines, but long before they’re built, other countries will ramp up production and oils prices will drop, and Russia and India will buy from whoever’s cheapest. That might be Russia, or it might be another country. Regardless, Russia will still have to offer a discount, and secondary sanctions will discourage both China and India from dealing with Russia. The only reason they haven’t started with secondary sanctions yet is because they understand that there won’t be enough oil and gas available for a while.
And BRICS has nothing to do with any if this. None of the BRICS members will do Russia any favors. Like China and India, they’ll buy from whoever’s offering the best deal. If it’s Russia, so be it. If it’s not, well tough luck for Russia.
1
1