Comments by "duncan smith" (@duncansmith7562) on "How Russia sidesteps the EU oil embargo with aging tankers | DW Business" video.

It's Europe that will pay the extra costs. Yes, Russia will incur higher costs getting the oil to India, but India will make sure the selling price of "Indian" oil to Europe will cover Russia's higher costs AND India as the middleman. Europe will lose out, not Russia. EU leaders have no grasp of basic economics, but just love to whine about old ships on the ocean.
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@ettoreatalan8303 No they won't. the sanctions system is dead. EU now working on sanctions package number nine, because packages 1 to 8 failed. secondary sanctions will be ignored. The world no longer fears being bullied by the West's only weapon....sanctions. The West has sanctioned itself into a corner and is suffering terribly.
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@ettoreatalan8303 and of what importance is GDP in this conflict? The West focused a lot on GDP when it assumed Russia's economy would crumble, and the West got it wrong. Now, let me give you your shot! Of what relevance is GDP in this conflict?
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@ettoreatalan8303 remember, the aims of the sanctions were to foment regime change (hasn't happened) and to deny Russia the funding it needs to wage war (hasn't happened). so, in what world does the West think the sanctions have worked so magnificently? and if the sanctions are working so well, why is sanctions package number NINE now being cobbled together with great urgency?
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@ettoreatalan8303 a war does indeed cost a lot of money. but what makes you think the Russian war chest is shrinking? Are you making that most basic of blunders and thinking a shrinking GDP = less money being devoted to the war effort? I mean Russia COULD do what the WEST does, just print a lot more money and boost its GDP, right? Russia sells to the world what the world needs, food and energy. while global energy and food prices are rising, as they are, Russia is earning enough to keep the war going. In March we were told Russia is on the ropes. It's the West on the ropes. So, ignore GDP and focus on what it takes to win a war.
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