Oil prices have hit a four-month high due to a fresh wave of US sanctions on Russia’s energy industry, threatening to crimp supplies. The jump in prices may also provide a challenge for central bankers if it leads to stickier inflation. Bloomberg’s Stephen Stapczynski reports.
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Когда пытаешься надавить на страну с самым большим количеством природных ресурсов
Natural resources are no good if you can’t sell them.
I don’t understand why Russia needs insurance to ship its oil. Russia has exponentially more money than all the insurance company combined. So if there is an accident then Russia can make it right. For example BP had an accident back in 2010 and it cost them 250 million dollars to put things right. Back in 2022 Russia had 350 billion dollars confiscated by sanctions and Russia made that back in six months. The money that was sanctioned is over a thousand times greater then the cost of the BP Deepwater Horizon spill so if there is an accident Russia can just sort it.
The means does not equal the will. We are talking about a country that is spending a third of its budget on war and cutting back on healthcare, education and social programmes.
Diesel went up, that’s inflationary. Get ready to pay more.