SanAndreasX said:
Mandalore76 said:
And all it took was two weeks of war and atrocities for him to do it. It's sad that it took Ukrainian officials publicly pointing out that the US and its allies were basically funding Russia's war effort by continuing to buy their invader's main export despite sanctioning everything else. It's the right move, but it shouldn't have required Ukraine begging/pleading for it to happen. |
A lot of European countries are going to continue to buy Russian oil. Germany's Olaf Scholz has stated bluntly that Germany will not be participating in any bans on Russian oil. Germany is Russia's third largest customer after China and the Netherlands. And of course, China sure doesn't care enough about Ukraine to pass up the opportunity to get its hands on Russian oil. China alone accounts for 32 percent of Russian oil exports. The US accounts for less than a percent of Russian oil exports. |
I believe I just read Russia threatening to end oil exports to Germany if the West keeps this up, so they will limit their exporting potential themselves, possibly. Regardless, if even 20-30% oil-exporting is reduced, it will be absolutely disasterous on Russia's economy. But long term, the damage is undoable. The movements to go electric just got a permanent shot in the arm, plus there are many people that are okay with getting more expensive gas permanently from other sources and just feel done with Russia, so Russia's oil industry will never recover to what it once was. And yeah, that benefits China in the short term because they make the vast majority of electric batteries, but the rest of the world is catching up on making batteries and pretty soon we won't have to get any of our essentialls from these crazy, communist/authoritarian, murderous, freedom-limiting governments and just block them out of major world trade until their citizens actually do something about their leadership.
The more disaster, the more likely the citizens are to rise up and overthrow their government. It's happened before in the tundra and the west knows it could happen again. Hopefully, this time, they actually have non-oligarchy backed leadership take over. The West didn't get to be the way it is from complacent citizens unwilling to risk it all. If Russia wants to be prosperous again, then their people, in mass, need to actually do something about it.