Comment on How is Russia not Financially Crippled?
Marty_TF@lemmy.zip 5 months agothey are selling it to countries which then sell it to europe so we just pay more for the same thing but can be happy we do definitely not fund the russian invasion :D :D :D
CaptainBlagbird@lemmy.world 5 months ago
As I understand it, China/etc can buy the oil cheaper because there’s no competition from Europe anymore. Then they can sell it to us more expensive because we don’t have an alternative. So China/India profit from it, while Europe and especially Russia lose in comparison to how it was before. This is not ideal, but still better than supporting Russia by buying from them directly.
Please someone correct me who knows how that actually works…
Badeendje@lemmy.world 5 months ago
No you got it right, this is the mechanism. India is apparently also making bank with this.
TheDarkKnight@lemmy.world 5 months ago
India kinda got fucked by Europe in the earlier chapters, lol we let em have this one I say.