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How Russia has managed to shake off the impact of sanctions – with a little help from its friends

13 Comments
By Keith A Preble and Charmaine N Willis

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Their only product is oil and the global south is happy to ignore what goes on Ukraine. Also the West never tried real sanctions which should have swept up the Indian refining business.

-2 ( +1 / -3 )

The sanctions have had a huge economic impact. On Europe, the UK and especially Germany. Russia seems to be doing better than many of the sanctioning states.

-1 ( +2 / -3 )

Energy independence is still the best hand. Best thing for Russia is if the US and China keep clashing.

-3 ( +0 / -3 )

Their only product is oil

Uranium and nuclear energy. Try sanctioning Rosatom for starters, the results will not be what you hope for.

https://www.opendemocracy.net/en/odr/russia-ukraine-eu-nuclear-energy-zaporizhzhia-rosatom-sanctions/

Also the West never tried real sanctions which should have swept up the Indian refining business.

The only thing it would sweep up are your sweeping statements. India has the 4th largest oil refining capacity by country, and pre-2022, much of that was for the domestic oil market.

Since the West decided to sanction itself from Russian oil, it was easy for Indian oil refiners to divert the processed oil products from domestic to international markets.

-1 ( +1 / -2 )

Waste of time.

-2 ( +2 / -4 )

The main sanctions remain on Russian oil and gas, they're simply not enforced, why?

Because if Russia's many customers were forced to abide by sanctions, they would simply turn to other suppliers, driving up global energy prices.

Keep in mind, many countries with large refinery capabilities, buying Russian energy, refining and then re-selling. Again, keeping energy prices from skyrocketing.

-1 ( +1 / -2 )

Regarding hi-tech and other stuff, too many brokers willing to assist, taking market share, view Russia as long-term customer. Almost none of this activity uses USD, many of these transactions occur in countries that hope to or have or are in the process of joining BRICS.

De-dollarization taking place at scale, all thanks to Biden!

-2 ( +1 / -3 )

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Russia has all the necessary resources to live normally. Russia is a self-sufficient country. After the introduction of sanctions, no country that imposed sanctions can now count on purchasing any energy resources at low and adequate prices, including marine biological resources. The train has all left, goodbye until we meet again. We will continue to live on our own without you.

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EvilBuddhaMar. 5 01:31 pm JST

Their only product is oil

Uranium and nuclear energy. Try sanctioning Rosatom for starters, the results will not be what you hope for.

https://www.opendemocracy.net/en/odr/russia-ukraine-eu-nuclear-energy-zaporizhzhia-rosatom-sanctions/

You mean the mineral that is literally everywhere? Russia is #6 on that list and won't be missed.

Also the West never tried real sanctions which should have swept up the Indian refining business.

The only thing it would sweep up are your sweeping statements. India has the 4th largest oil refining capacity by country, and pre-2022, much of that was for the domestic oil market.

Since the West decided to sanction itself from Russian oil, it was easy for Indian oil refiners to divert the processed oil products from domestic to international markets.

Good, then India will have no issues if the companies are sanctioned 100%.

-1 ( +1 / -2 )

HopeSpringsEternalMar. 5 07:50 pm JST

De-dollarization taking place at scale, all thanks to Biden!

Dollar still strong as ever, hopes dreams aside.

-1 ( +1 / -2 )

bass4funkMar. 5 03:39 pm JST

Waste of time.

An actual American patriot would not say so.

-2 ( +0 / -2 )

You mean the mineral that is literally everywhere? Russia is #6 on that list and won't be missed.

You are accustomed to hitting the keyboard without doing any research so let me help you out here.

https://www.dw.com/en/russia-nuclear-industry-eu/a-66275352

Russia accounts for more than 45% of the world's uranium enrichment capacity, delivering atomic fuel to nuclear power plants in several countries, including in the US, which despite its harsh sanctions regime against Moscow continues to pay $1 billion a year to source fuel from Rosatom.

1 ( +1 / -0 )

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