And the result has been a surprising decline in the price of oil, down into the $65-68 dollar range, a point at which the Russian oil exports are barely breaking even.
As they have to discount to most buyers by up to 30% they’re losing money hand over fist but still have to export what they can
As they have to discount to most buyers by up to 30% they’re losing money hand over fist but still have to export what they can
Comments
So 47’s domestic policies have created a down side for his erstwhile ally. And it’s costing Russia billions. Amazing how ‘good’ intentions can have such wonderfully bad results for your friends.