Comments by "Ghostlight X" (@ghostlightx9005) on "The G7 Price Cap is Working Surprisingly Well" video.

@thomasherrin6798 russia's market is already lost forever.
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It isn't a price cap coming on Feb 5th, it is an outright EU ban on buying refined petrol products from russia. And it makes me furious when people complain about higher energy prices and inflation as a result of all this. Pretty sure Ukraine wishes that high prices were the only thing they had to worry about on a daily basis. It's all relative folks.
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@peterflohr7827 Yup, no limits in how high China and India can now make russia jump at their bidding.
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@svanimation8969 None of the countries you mention buy remotely relevant volumes except China and India, which is why I mentioned only them. Though Turkey is up there. Fact is, in 2022 at the start of the war, 64% of ALL russia's fossil fuel exports (oil / gas/ refined / the whole lot) was sold to the EU or other Western countries. Fossil fuel is by far their main export and their entire economy depends on it. They just lost 64% of their market for that absolutely vital export, potentially forever. And they cannot easily sell to any emerging market (even if there was one, which there isn't....the EU is rich beyond the dreams of most countries you mentioned) due to lack of ships, price cap, and non-existent pipelines. Do the math. Even if the war ended favourably for russia tomorrow, economically, they are doomed.
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@denwilden2748 Yet energy prices are dropping rapidly everywhere as I type....
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@Thisishard2333 Oooh, sounds like you are being ripped off horribly by your local suppliers. All fuel prices are dropping fast where I live.
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@YouTalkingBolox7949 You are completely wrong. Have you seen their recent Jan 23 budget figures (published by kremlin)? russia is losing out on all their exports not just those that are sanctioned and capped. Base metals are their other big export and they are losing those big time as well. The entire world is appalled by russia's behaviour and no one wants to buy from a terrorist state that bullies customers. Better to pay a bit more from a reliable and trustworthy country. And for the record, the EU buys zero energy products from russia, China or India, where did you get that nonsense?
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Er.... isn't the price cap still unproven, given the actual price is LOWER??
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I often wondered why russia considered China and India as its "allies" when it was so obvious to everyone outside russia that they were simply being opportunistic and actually doing massive harm as they cheerfully exploited their russian "ally". lol
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