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WORLD WAR III See other WORLD WAR III Articles Title: Putin Is Now Evading Western Sanctions On Almost All Oil Exports, And Using Yuan To Avoid Import Sanctions
Source:
Zero Hedge
URL Source: https://www.zerohedge.com/markets/p ... ts-and-using-yuan-avoid-import
Published: Oct 3, 2023
Author: Tyler Durden
Post Date: 2023-10-03 00:30:32 by Charles_Byrd
Keywords: None Views: 50
When western nations rolled out a grand plan to throttle Russian oil imports and impose sanctions on Kremlin energy exports, we - and many others - laughed: after all, we have repeatedly seen how toothless western sanctions are when seeking to contain "rogue regime" oil profits, from Iran (which is pretty much selling oil to China at max capacity) to Venezuela and onward. One year later, our laughter has been well justified, because as the FT reports, "Russia has succeeded in avoiding G7 sanctions on most of its oil exports", a shift in trade flows that will boost the Kremlins revenues as crude rises towards $100 a barrel, and as Russian Urals prices hit $80, the highest level in over a year. Click for Full Text! Post Comment Private Reply Ignore Thread
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