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Comments by "" (@thomasherrin6798) on "Russian Oil Thrives Despite European Sanctions (Here's How...) || Peter Zeihan" video.
@skp8748 Russian energy revenues are down by 50% overall, they stopped exporting refined crude their most valuable export and their currency has fallen 40 to 50% but Putin and you says everything is fine!?!
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Russia's energy revenues are down overall by 50% Gas/ Crude/ Refined, this is a major blow to them it's their primary revenue source, comrades, Peter was just pointing out that if crude was interrupted (Gas is greatly reduced because of no pipes and refined oil exports was stopped by Russia two weeks or so ago) their only money supply product at present will be sunk, and that could be literally, they are extremely vulnerable in the economic department and are relying on old boats!?!
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A lot of refined products (Russia's most lucrative market which has stopped entirely at present) is Russian crude oil bought cheaply by China and India and refined by them to make the value added stuff for Europe and undercutting the Russian refined oil which is still a result, even Russia crude oil costs them more to ship it to China and India and "they" won't pay the costs, Russia are over a barrel because their gas revenues are down over 50%, and their crude revenues are up (But with additional handling and transport costs, it was majorly piped into Europe) but refined oil is stopped all together so again another 50% or more revenue reduction (Refined oil was only stopped a week or two ago), and Europe will never rely on Russia for energy again so it's market has reduced significantly and it will incur great costs to redistribute it's energy resources as they are closer to Europe. A long term loss for Russia!?!
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Russian Energy revenues as a whole Gas/ Crude/ Refined (Refined Oil Exports were completely stopped about one or two weeks ago as they were mostly being under cut by India and China turning Russian crude into refined products which Europe has been being and avoiding Russian refined products all together) are down by 50% plus overall!?!
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@devalapar7878 There is a cost!?!
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The West is not going to blockade Russia at present or under present circumstances in the near future, he is presenting it as an option if Europe so chooses (If Russia attacks NATO directly that will change), Ukraine can legitimately target Russian ports as they are targeting Ukraine's infrastructure, and that "will" happen in the future. The US or Europe is not "desperate" just going through a mild recession, our currency hasn't fallen 40 to 50% or our biggest revenues have not fallen by half, or we are not in day 500 and odd of a three day war, that would be Russia comrade!?!
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