If you sanctions india next we will start buying from Venezuela and iran

@red bull sigh.. necroing old threads, how the f*** am I suppose to know what you're saying? please use brain for a moment. but russia can sell profitably at much lower rates than $60. now f*** off please.

@Thomas Aagaard lol i think u are since this will cause prices to go up since russia aint selling at a net gain

@QARNAIN cat babu cat In the US and many other western countries, a day without hypocrisy and double standards is a day wasted.

@Thomas Aagaard Because the G7 is challenging OPEC and dictating a price to an OPEC member....so wait and see, China, India and KSA will not tolerates secondary sanctions as they have not supported or assisted Russia militarily, and pissing MBS off could have disastrous consequences, for the US in particular, with the US bonds that SA holds, their annual militarily spending and so far the resistance to selling their energy in Chinese yuan.

@Thomas Aagaard Should explain to him how EU principles work.

India and China are customers aswell, do you really think they want to pay extra? I'm not really sure I see the problem, or maybe some people think paying more for your imported oil or gas is good for them. Increased Oil and gas prices are likely to drive up the cost of food and other products aswell. I know there are a few who wants their Oligark Oil money and floataround in their luxury yachts, but most would be better served to look after their own interests.

They did ask. They expect it to hurt Russia, time will tell.

Western oil tankers are fully utilised. There is no spare capacity.

@sunny ☀️ day WOW ,, you sure are uneducated , now go and look at REAL facts

@tilapia dave 🤡 eu, china , turkey buys more than india

@MSD Group Yup not overnight

@Peter Zimmerman Why include China ,, they have NOT massively increased the purchasing of Russian oil. There is only ONE country , one heartless hateful , disgraceful , bunch of people that happily swap their money saving for other people to lose their lives. I am suddenly a great supporter of Pakistan , perhaps the world now see's where the true evil lays.

Yeah, well, China and India are consumers, they would want to get a good price aswell, I doubt they feel like paying extra just to be nice. Lots of markets got different interest groups, Land lords often face organized tenant groups for negotiations. When one party deems something unreasonable they tend to act, and they tend to protect their interests.

@nav alfa there is no east germany there is one germany

Some random people are fighting at some random corner of the world for random reasons that have brewed over a decade, probably more. There were multiple parties/nations involved at various stages and they all have let it happen. And now, they think, it's perfectly okay to ask people half way around the world to make decisions that will nosedive the economy into recession for that? What gives?

@Declan Murphy Let East German people choose their own destiny and not be dictated by the crazy ones on the West side.

Have you heard of the word "transition"? You can't just cut it off instantly you have to secure alternatives first.

DW tv. What do you expect. Himmler himself set their foundations stone.

It means the EU is holding the Euro Zone ppl hostage while they price gauge them on limited supply.

dunno, pretty sure the energy oil crisis in the spring was just not managed well and big companies using the crisis as an argument to make the prices as high as possible to get as much money as possible, the energy prices is moving back to normal

check again, the price is going down 😉

Do you think this will work. If the US is out smarting the EU, NATO and the G7 do you think that will affect the Russian Economy. The answer is NO and NO.

You're on high or making jokes😂

@Thorwald Johanson stop doing drugs

capitalism and free markets at its finest.

@Thorwald Johanson cost is USD 20 for production per barrel as per the sanction document itself

60 is basically at cost. So that price Russia would help the west without earning anything really.

Endlich wird einmal die neue Weltordnung geschaffen, nicht nach dem Muster der USA-NATO und den Vasallen der EU

If it helps breaking the back of the Russian regime, i'm still for it. The alternative is far, far worse.

and the oil will just pump itself? no machines needed, no people needed to do the hard work, no transport cost? it's all just free and thats how you make oil cheap? are you also an eu analyst, perhaps, living in a fantasy world?

By despots you mean the people ruling over the western nations pulling the strings from behind the scenes

@Clinton Reisig The United States sent all gas to Asia during very high gas prices a year ago and the whole of Europe lived off Russian gas

@Clinton Reisig It's well known fact that Europe had too much dependency from Russia, you are giving that man too much credit.

@Clinton Reisig who?

Trump warned them exactly about this issue and they laughed at him

@Ndjibu Kabengele that's what Biden was trying, and failing, to do. Its part of how Reagan helped pushed the Soviets towards collapse, he produced more domestically and got allies to do the same which caused prices to plummet and the Soviets were if anything even more dependent on oil and gas then modern Russia since the Ruble then was even less appetizing than it is today and they did most of their trade in oil rather than money.

@Ndjibu Kabengele in fact they dont care, OPEC members led by Saudi Arabia have just cut their oil production

@Ndjibu Kabengele many things can happen, but wont.

@Nenad Mitrovic Saudi Arabia, Iraq, Lybia, Canada, USA and other countries like Angola, Nigeria can increase production.

@Ndjibu Kabengele which other countries? They will keep same production, price will ho up, if someone try to put cap om them also, they will cut production

Yes Sheep celebrate anything as they not understand consequence 🤗

@Moto Ride why would OPEC increase oil production? It's like you're been living under the rock for these past few months

@Cyrribrae, indeed

@Moto Ride what are you talking about, OPEC+ jus had a meeting and are keeping the same production rate as before. As demand increases they won't increase production, they are going to keep it the same level and put the oil prices up which means they get more money for less. OPEC+ is in control, not westerners... Their plan is for Russia to redirect their trade away from the West and the OPEC+ countries will replace that demand whilst keeping the oil prices high...

@Cyrribrae that is the total opposite of what will happen 😂

This is the end of EU. Darling oil and gas will ruin Europe.

@Tim Mommens 500,000 Iraqi children babies due to you murdering grubs shame on you evil sinister grubs shame.

@Yanks R EVIL try harder

@robert100xx Imagine an anglo grub trying to take the moral high ground with your sordid history amazing...

It's a small price to pay to get back at russia

@Cyrribrae West boycotted russian products right??? Then why price cap?? And barrel costs 20dollar... Even if india buys it for 21 dollar its profit for russia... And heard EU is been buying Russian gas and oil lately....

Sure. Why not? India was going to buy the oil from Russia anyway. And now India will pay less for the oil that they need. And that will force Russia to charge less for what little oil they continue to sell to the West. Win-win. Except Russia, who loses. Win. And if not, then Russia will have to burn their oil in the wells and make nothing. Win.

@Ryan Gibson india is not USA To invade other countries 😁

India should invade Russia!

@Satheesh Narayanan because that's an even more extreme intervention in the free market with diminishing returns. Hit them where it hurts most, 50% of Russian exports are hydrocarbons so that's where we'll hit them.

@Null Pointer My point is why put price cap instead westerners can doing trade with them that will cripple Russia More right.,

2). If you refrained from Russian Oil then why put price cap. To take money away from the Russian war machine. EU countries and allies represent the majority of global shipping providers and insurers, if they are prohibited from transporting Russian oil above a certain price, Russia either needs to spend resources on providing alternatives, they will sell less oil OR they will sell at cheaper prices. All of that costs money which they can't spend on murdering Ukrainians.

@Смотритель Маяка user-qh8un5cy9f прочитала, малыш 🤡

@Be Kind Малышка, ты иногда читай ник того кому отвечаешь.

@Смотритель Маяка написала я своему соотечественнику 😂, который выискивает что там натворила омерика, но при этом поддерживает зверства нашей россиюшки. Как я ж тебя сразу не разглядела то, малыш? 😂

@Смотритель Маяка I’m Russian citizen and I’m not indifferent about atrocities that MY country did in Syria. First I care about my country’s crimes all over the world. What the USA did or do I’m not much aware of, sorry

@Be Kind Why are you indifferent to the presence of the US army of occupation in the Syrian oil fields, and at the same time you care so much about Ukraine?

Fair price now is mid $70 a barrel.

When Europe Lead by fools,

​@Cyrribrae Never a shortage of wishful thinking among fools yeah. At best for Russia the Saudis will actually buy some now at the cheapest price they can. Supply and demand. There will be zero real demand for Russian oil above the price cap. Any country that does go for such a fool's deal will be taking it out of their flesh for Russia. And, since Russia's current shenanigans are actually negatively impacting the future outlook for oil, there will be very little love for Moscow among other oil producers.

@Joe Black The Russian takes here are strange lol. "These other countries who are better than the West because they just want to make money are going to.... voluntarily choose to not make money by paying way above the going price to the country that has no market leverage.... because.....?" The trolls having trouble trying to think this through..

That's naïve in the extreme. Do you really, really think that will happen? Do you think they'll just donate tens of billions of Dollars to Russia from the goodness of their hearts? Because that would effectively be the same thing. 😂😂😂

@Manish G Are you surprised? Erdogan is out here playing for himself haha. We've not known that for years. I'm honestly surprised how well he's been playing with Europe (though, we'll see whether he ultimately tanks Finland and Sweden joining NATO).

@Yanks R EVIL thats my point ..no morals and values in world politics now...just look at germany....kept importing russian furl after 2014, just because it was cheap.....infact laid nord2, and did everything to save it in wake of war...and now increasing biz ties with china.....

@Manish G Is that the same turkey ( NATO country) that is illegally occupying northern Cyprus,what grubby hypocrites you're,then again the Usa military another NATO country is stealing oil in northern Syria.

so turkey is supplying drones to ukraine as well as buying russian oil....just shows current state of world....

@Samir Otba the garden? the jungle? who's bankrupt and what are you comparing them to?

Oh ok back to we are the garden they are the jungle…well no surprise if the jungle refuses to plays anymore…and the garden is on its way down!! Wealth? Do you include debt? Because boy the garden is bankrupt

@Denis Gorjunov Wrong on all counts.

@Ionnanis Killiorus No country in the world can replace the Russian oil that is supplied to the EU. In order for them to counter Russia, they will need to uplift the Sanctions on Iran and Venezuellian oil. Pretty Tough decisions ahead of them, this is probably one of the reasons that politicians should have never Play nor gamble with something that we really need in our everyday life. Whats next ? Food ? 😳 The EU nations are buying the same Russian oil from China but at a higher price that is why India and China increased their imports of Russian oil, so that they can sell it and earn profits from it.

Australia doesn't really buy Russian oil though, Asian producers like Indonesia and the Middle East are way closer. Plus Australia drills tons of their own oil and have access to oil fields near New guinea.

@Cyrribraeo far so good i am in Africa I can transact and order my products easily from Russia and China

@jaredr.last I checked most Countries are applying for BRICS even MBS has met with a BRICS member this is speeding de-dollarization countries are looking for alternatives

@S Sir my point is any business can change. An insurance is a financial contract against a risk. If risk comes to harm, insurance partner payout to cover the damages. Anybody with capital can do it and in fact Llyods is a bunch of risk takers. The whole trade craft is calculating the right premium for the risk. Again this is a look up take or algorithism which can be bought. India and China already do it though less in marine ...

@Joe Well that depends on how you define a monopoly. 90% of all oil tanker insurance is done by companies based in London alone. Add in other western insurers and you are at some 98%. While that may not be 100% it sure is pretty damn close.

@John How's that SWIFT alternative coming along? Oh... damn.... that bad, huh?

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@Glen Hutchcraft im neither on each side.. I dont care who wins.. But there's still a winner so let's see it next year.. Peace

lolol...stalmate..you are kidding right?..russia is getting there azzs kicked why would Ukraine agree to a stalmate? dream on Russia you are finished!!!!

@Ionnanis Killiorus lol donot if u have guts lol 😂 u sanctions us usa europen countries will fall in depression economy lol 😂🤣🤣 Dude this teach in our secoundary school lol grow up and educat urself

@Pramod Ravikant True plus India have a great opportunity out of all this mess, to get good trade deals with the richest countries in the world. They will have the advantage of getting the Russian oil cheaper and increasing trade. I don't think they'll pay more anyway because it's Russia that needs them, not the other way round.

@Ionnanis Killiorus it is true that India won’t be paying more than 60 anyway. My point is that even if India pays more that 60, I highly doubt that the west will have the guts to sanction India. Specially because they have thrown so much weight over India wrt China and have therefore developed great dependency

@Pramod Ravikant You're right it is because India won't be paying more anyway lol

@Ionnanis Killiorus in the video, the guest says that India is under fear of sanctions. Which I think is bull£hit

Funny part. Countries like Germany were telling India, where a family of four all traveling on a two wheeler to reduce their emissions, citing global increase in temperature of two degrees, meanwhile they themselves were burning Russian gas to heat their homes.

EU will lose before end of 2023

I'd ask if Ladas still come with ESP and ABS but we all know the answer.

@Dk Bros that’s not true

@Be Kind ya that's why while of Europe is joined with oil pipeline lol 😂 see or Google map

Pipe oil is for a few countries which has no access to the sea and it’s only 5 % of the market

@Tim Bow because india and china has already refused

I assume not. Why should it?

How is it up to Russia to sell their oil to the west or not if the west already refused to buy it completely since yesterday 🤔

Why in the world would China and India be willing to pay extra?

🤣🤣Yeah. 1% or 2% decline on Russian GDP.

Russian oil import after war started: The largest fossil fuel importer was the EU (EUR 85.1bln), followed by China (EUR34.9bln), Turkey (EUR10.7bln), India (EUR6.6bln), Japan (EUR2.5bln), Egypt (EUR2.3bln, and South Korea (EUR2bln).

hahahahahahahahahaha

The embargo that will work is when Russia refuses to sell Uranium to EU and US. 100% US uranium is imported from Russia. Russia can shut off US/EU nuclear plants in a heartbeat.

Why everyone should love the move. Well, except the putinists..

@John Smith I just explained to you Russia’s economy is better gauged with a purchasing power parity calculation (GDP PPP). Yet you still blurt out the nominal rate. Yea, you’re pea brain.

@Daniel Martin Russia in a long 10 month war under sanctions does not affect Russia's small $1.5 trillion economy. Got it. Hope your not incharge of the bills at home.

@John Smith Again, using a GDP(PPP) calculation, puts Russia’s economy far above Canada’s. You should have stayed in school John.

@Daniel Martin You think Russia with a economy below Canada can support a large military and be in a long war without debt? You can fool some things but not math. The USSR when broke over the 1979-89 war in Afghanistan . This war is much more costly. Many Russian TRshowrs out there saying they sure do not live for free and have it made in Russia. GDP (Per Capita) Russia has a lot of working poor like China.

@John Smith Russia’s GDP is best measured in a purchasing power parity calculation. Do Russians get paid in Rubles or Dollars? And does a single unit of a Dollar go further in Russia than a single unit of a Ruble? Russia’s economy using GDP(PPP) puts the country at 6th in world, far above Spains. Russia also has the lowest debt by far out of the G20 nations, is independent in energy, the largest wheat exporter, and has an actual industrial economy with all the required resources needed to produce anything. The fact you compare it to Spain shows your small intellect. You don’t know what you’re talking about but just regurgitating nonsense you heard because it fits into your little narrative.

@Pramod Ravikant yes grown up man.

@Lepetit Roquet oh I thought that you want him to be like usa.

@Pramod Ravikant I mean... I just feel pity for you at this point. Try to make belief that the US and its allies aren't a very powerful and dominant force in the world, that might make you feel better.

@Leyvithan Tech I never said the USA has 50% of the world GDP. I said that if Pramod Ravikant controlled 50% of the GDP of the planet, he would have a bigger chance of forcing his $100 price cap for F35 jets.

@Pramod Ravikant how old are you? 13? I find it difficult to believe that an adult doesn’t understand how cap price works. Your “joke” is not even funny for how off the mark it is.

@Chuck Kottke Just seen that the CMA has launched an investigation from 2018 to the present, about firkin time. I hope they don’t fine them and pocket the cash to waste on LGBT awareness campaigns or mental wellbeing consultants. It needs to find a way back to the consumer.

Corporate collusion on pricing and untaxed windfall profits are at the core of high fuel prices according to Professor Reich. ⛽

@Keith Edginton I suppose the uk doesn’t have good legal protections against this, I think the threshold is about a 40% increase to an event before it triggers an infringement. It clearly should be lowered, I think the threshold in most US states is around 10%. If they are not careful there will be mass action as citizens feel/know they are being shafted from all directions at the moment. The French would already be on the streets by now, rightly so.

Price gouging. Simple as that.

-EDIT- I used the graphs from WTI (which is US markets) instead of Brent to make it easier for me. Just add about 10% to all costs listed and you get about the same price as a general reference for the Brent price. Concept is the same. Would not let me edit so I am replying to myself.

Wouldn't be such a problem if we divested from oil so we wouldn't be so dependent on it.

@Kiyabashi Br Eastern European here (Romania). The actual sanctions are not enough. They must be doubled at least. As for inflation, bills yes it is not ideal, but it is managed with compensation schemes, pricing caps, slow (not the greatest but we had an increase this year and an expected increase next year) increase of pensions. For a developing economy it is a decent response. For western countries it will not be a problem. The terrorists must pay, and I hope for an emabargo on all their products for the next 50 years.

Directly buying from Russia, being raped off once Sanction on direct buying of Russia oil and buy from other middle traders, being raped off twice, better Sanction on insurance companies, reducing market supplying, shipping hiking, increase middle trading, being raped off third time Under constant instability & cost hiking & conflict expectations, industries continue flooding abroad, being raped off fourth time Victims calculating other's gains and losses, pity & shame!

@E. Camilo I am sure the majority of people will be alright, although a bit afraid about the less fortunate parts of society and pensioners, or even just about the eastern countries of EU. It looks like we forgot -again- that they are part of the equation here.

Well. We are a bunch of wealthy nations that can sustain inflation. We will do anything to stop the Russian skunk.

Thing is, they are all exporters and the reason those insurance monopolies exist and haven't been usurped yet is because it's the receiving country who decides if they accept the insurance. So yeah they could insure the entire worlds fleet of merchant marine... means absolutely nothing when they can't dock at their ports of destination

totally worth it 😄