Comment on How is Russia not Financially Crippled?

<- View Parent
CaptainBlagbird@lemmy.world ⁨9⁩ ⁨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…

source
Sort:hotnewtop