9/15/2024

EU buying more Russian oil through other countries and paying market price...brilliant!

 According to reports, the EU is now buying more gas from Russia than from the USA. That must be a surprise to many. After all the talk about using sanctions to stop helping Russia to fund the war, why are they doing just the exact opposite of what they set out to do? Desperation is the answer. Do they really have any moral authority to accuse China of helping Russia in their trade and accusing China of helping Russia to fund its war with Ukraine?

The EU was and is in fact also buying Russian oil despite all the talk of keeping out Russian oil exports to stifle the Russians and collapse its economy. It is an open secret that the EU is buying lots of Russian oil, mixed with other sources and sold to the EU at huge profits. China, India and even Saudi Arabia are doing this very lucrative business and the USA, and the EU can do nothing about it. What happened to the US$60 price cap on oil masterminded by non-other than Janet Yellen? Ashes to ashes and dust to dust.

The most ironic situation is that Saudi Arabia is keeping its own oil extraction for domestic and sale to other countries, while buying Russian oil to be sold to the EU.

How stupid are the Europeans has been laid bare for all to see. Instead of settling for cheap Russian oil and gas without those sanctions, they are now paying for the same stuff at several times the price they were paying just before the Ukraine War. Does stupidity have no cure ring a bell?

Anonymous

1 comment:

  1. Unfortunately Sinkiesland only can buy expensive oil, that why have to increase transport fares.

    ReplyDelete