Russia's unjustifiable war of aggression in Ukraine

[catcha]

That is also unsustainable as they are selling energy off at cost/loss to India/China etc while Ukraine is attacking their energy infrastructure and they are dependent on western tech and parts.

Imagine losing wealthy Europe as a customer for your only major export?

Also helping the huge pivot to renewables.

<great BRICS vibe on>they were selling to India

but paid in INR and could not use the money, and India's concerns got ultimatum and stopped using russian tankers, edit: and cancelled ALL contracts with russia including military ones<great BRICS vibe off>

<great BRICS vibe on>they were increasing trade with China

but China does not want their oil, is not interested in building infrastructure to transfer it and russian market has been colonized by Chinese companies<great BRICS vibe off>

"fun fact": France is the largest importer of russian LNG... still

edit:
another thing is that the economy of size of Italy which was shrinking last two years and the growth got calculated on fixed and unrealistic FX bounces up 10%, it is still nothing comparing to Italian size economy which was growing 2% last two years. And russian economy is not a major economy in the world - it is a petrol and crude materials depot.



Data quality grade definitions:
A: As good as it gets
B: Good
C: Use with caution
D: Poor
E: Extremely poor quality

 

[TheOutdoorThreadmill]

Has their decent economy anything to do with oil and gas exports which seem to be circumventing sanctions? Third parties are reportedly buying them and selling them to western nations under the pretence of not being Russian.

January 2024 — Monthly analysis of Russian fossil fuel exports and sanctions – Centre for Research on Energy and Clean Air

energyandcleanair.org

 

[catcha]

How much does it cost Russia to produce a barrel of oil?

it is on average USD15 per barrel of crude oil. The cap is at USD30 and you need to add the costs of processing and transport too.

edit: and one very important thing. Not every plant can use it as it is a different type of oil.

 

[Stacky]

How much does it cost Russia to produce a barrel of oil?

Late last year it was at $15 a barrel but then you have all the transport costs so you are just covering yourself while those that are selling it on are getting free money and free oil.

 

[TheOutdoorThreadmill]

Late last year it was at $15 a barrel but then you have all the transport costs so you are just covering yourself while those that are selling it on are getting free money and free oil.

Something not adding up here with this selling at cost/lost craic. Between Jan and September last year India were paying Russia on average $525.6 per tonne of Urals crude (circa 7 barrels)delivered including shipping and insurance, that's $75 dollars a barrel. During the same period, India was paying Iraq $80 dollars a barrel (same quality as Urals)
Last year China paid Russia on average $566 per tonne which is about 10% less than the Chinese were paying Saudi but still $80 a barrel

 

[Stacky]

Something not adding up here with this selling at cost/lost craic. Between Jan and September last year India were paying Russia on average $525.6 per tonne of Urals crude (circa 7 barrels)delivered including shipping and insurance, that's $75 dollars a barrel. During the same period, India was paying Iraq $80 dollars a barrel (same quality as Urals)

Paying them in Chinese yuan and rupees also as they have them over a barrel



China taking more Russian oil and India much less.

 

[TheOutdoorThreadmill]

Paying them in Chinese yuan and rupees also as they have them over a barrel
View attachment 31814

View attachment 31815
China taking more Russian oil and India much less.

Sorry, my post was about last year imports. Also India pay mostly in dirhams, US dollars and a small amount in Rupees, PM Modi did reject to pay in Yuan alright when the Russian refineries requested it last October.
I not suggesting that they aren't selling oil cheap, I'm saying that selling at cost or a lost is not correct. They are still making wads of cash on oil exports

 

[CORKBHOY]

That is also unsustainable as they are selling energy off at cost/loss to India/China etc while Ukraine is attacking their energy infrastructure and they are dependent on western tech and parts.

Imagine losing wealthy Europe as a customer for your only major export?

Also helping the huge pivot to renewables.

Not sure that's entirely accurate.

 

[Handy Run]

Not sure that's entirely accurate.

View attachment 31820

Bookmarked for IOTY

 

[flyingspud]

Oof.
Inconvenient.

Russia to grow faster than all advanced economies says IMF

The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.

www.bbc.com