"Crippeling

 

Unprecedented Sanctions"

"Nuclear option" 

(removing the Russian from the Swift payment system.

Yeah...

Where did sanctions ever work?

How is this working really?

China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine

"Russia has been able to navigate Western sanctions well enough to push oil exports above levels reached before its war on Ukraine — and new data suggests that Moscow has China and India to thank for that."

(Coincidence I am sure.)

"China and India now account for roughly 90% of Russia's oil, with each country snapping up an average of 1.5 million barrels per day, according to commodities analytics firm Kpler,

"That's enough to absorb the shipments that no longer head to European nations, which used to account for nearly two-thirds of Russia's crude exports. Europe now takes in only 8% of Russia's oil exports, per Kpler."

(I know the Nord Stream pipeline was gas and were talking oil here, but read that again: "enough to absorb the shipments that no longer head to European nations" You gotta step back and look at the bigger picture.  If they didn't care to not send their oil there? What makes you think they cared about sending their gas their either exactly?

Psalm 119:97-104

Oh, how I love your law!

    I meditate on it all day long.

Your commands are always with me

    and make me wiser than my enemies.

I have more insight than all my teachers,

    for I meditate on your statutes.

I have more understanding than the elders,

    for I obey your precepts.

I have kept my feet from every evil path

    so that I might obey your word.

1 have not departed from your laws,

    for you yourself have taught me.

How sweet are your words to my taste,

    sweeter than honey to my mouth!

I gain understanding from your precepts;

    therefore I hate every wrong path.)

"Both China and Russia are taking advantage of discounted Russian crude, benefiting from the sanctions applied on Russian materials by other countries," Matt Smith, lead oil analyst at Kpler, told Insider Friday.

(We are helping our adversaries...

It dont matter what we do or what direction we turn in...

Amos 5:19

It will be as though a man fled from a lion

    only to meet a bear,

as though he entered his house

    and rested his hand on the wall

    only to have a snake bite him. )

"India, the world's third-largest oil importer, relied on Russia for about 1% of its total volumes prior to the war, but now buys 51% of its oil from Russia."

(Hey thx guys...)

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Phil Rosen

Fri, April 14, 2023 at 7:35 PM CDT·3 min read

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China and India are buying so much Russian oil that Moscow's now selling more crude than it was before invading Ukraine

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Russia's exports of crude oil have now surpassed the volumes hit before its invasion of Ukraine.

China and India account for roughly 90% of Russia's seaborne crude exports, Kpler data shows.

With Europe largely out of the picture, the two countries are each buying 1.5 million barrels a day from Russia.

Russia has been able to navigate Western sanctions well enough to push oil exports above levels reached before its war on Ukraine — and new data suggests that Moscow has China and India to thank for that.

In the first quarter, Russia's seaborne crude oil exports totaled 3.5 million barrels per day versus 3.35 million barrels in the year-ago quarter, the tail end of which saw the start of Russia's war on Ukraine.

China and India now account for roughly 90% of Russia's oil, with each country snapping up an average of 1.5 million barrels per day, according to commodities analytics firm Kpler,

That's enough to absorb the shipments that no longer head to European nations, which used to account for nearly two-thirds of Russia's crude exports. Europe now takes in only 8% of Russia's oil exports, per Kpler.

"Both China and Russia are taking advantage of discounted Russian crude, benefiting from the sanctions applied on Russian materials by other countries," Matt Smith, lead oil analyst at Kpler, told Insider Friday.

Behind China and India, Turkey and Bulgaria are the biggest buyers of Russian crude.

Even before Vladimir Putin launched his war on Ukraine, China was already a top buyer of Russian crude, importing 25% of its crude from the country in 2021. That's since climbed to 36%, Kpler data shows.

India, the world's third-largest oil importer, relied on Russia for about 1% of its total volumes prior to the war, but now buys 51% of its oil from Russia.

The US has led Europe and other Western nations in imposing sanctions and energy price caps on Russia, designed to maintain market flows while curtailing Moscow's export revenue.

"To be sure, the revenue Russia generates from its energy exports has fallen along with the drop in prices, even as volumes remain elevated."

"The International Energy Agency said Friday that Moscow's revenue is down about 43% compared to the same time last year."

(Shows you how bad they really needed the $ to finance their war right?)

"But oil prices are heading back up as China's reopening economy drives demand while OPEC and Russia pinch supplies."

"Earlier this month, OPEC+ announced a surprise production cut of over 1 million barrels a day, with Russia extending its 500,000-barrel-a-day pullback through mid-2023."

And you thought you couldn't afford to get your boat in the water last summer?