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2022 m. gegužės 19 d., ketvirtadienis

What about forcing Russia to sell oil for a price lower than exists now on the market?

Some of our allies are advocating to force Russia to sell oil for a price lower than exists now on the market. Secondary sanctions should also force China, India, Turkey and other countries refuse to pay the market price for the Russian oil. This action is supposed to keep inflation from going higher, and to take away Russian profit from the oil.

The idea does not consider that Ukraine is significantly important for Russia, so Russia could do something nontrivial - stop selling oil using the new prices established by us, the West. Since Russia provides a big part of the oil on the market, the price of oil and everything else would jump significantly as a result. Political fallout would show up soon, including president Biden's party would definitely loose the power in next America's midterm elections. Huge oil prices would tempt China, India, Turkey and other countries to go around the secondary sanctions, just to buy cheaper Russian oil for prices higher than designated by us, the West. The gap between the West and the Rest would increase significantly. Even in the West, e.g. Germany and Hungary would not roll over quietly.

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