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How is Russia not Financially Crippled?
(lemmy.world)
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this post was submitted on 17 Jan 2024
329 points (98.2% liked)
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They are still selling literal boat loads of Oil, just not as much to Europe.
they are selling it to countries which then sell it to europe so we just pay more for the same thing but can be happy we do definitely not fund the russian invasion :D :D :D
As I understand it, China/etc can buy the oil cheaper because there's no competition from Europe anymore. Then they can sell it to us more expensive because we don't have an alternative. So China/India profit from it, while Europe and especially Russia lose in comparison to how it was before. This is not ideal, but still better than supporting Russia by buying from them directly.
Please someone correct me who knows how that actually works..
No you got it right, this is the mechanism. India is apparently also making bank with this.
India kinda got fucked by Europe in the earlier chapters, lol we let em have this one I say.
They're still selling it to europe, but because of the sanctions, Russia sells it to India and then India sells it to Europe.
Basically all these sanctions did was add a middle man for Europe making it more expensive but still financially supporting Russia.