this post was submitted on 12 Mar 2024
267 points (98.9% liked)

Ukraine

8205 readers
715 users here now

News and discussion related to Ukraine

*Sympathy for enemy combatants in any form is prohibited.

*No content depicting extreme violence or gore.


Donate to support Ukraine's Defense

Donate to support Humanitarian Aid


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 7 months ago (2 children)
[–] [email protected] 2 points 7 months ago (1 children)

It's always the money isn't it? Ugh.

[–] [email protected] 1 points 7 months ago

@rushaction @jabathekek
"What is money?"
"Money is what makes a man act funny."
-Eminem

[–] [email protected] 2 points 7 months ago (1 children)

I doubt many people will make a profit on this, other than Trump himself.

[–] [email protected] 1 points 7 months ago (1 children)

Seems to me like Russian oligarchs benefit greatly from all these new trade lines with China but what do I know?

[–] [email protected] 1 points 7 months ago (1 children)

Which ones? China was always open for business.

[–] [email protected] 1 points 7 months ago (1 children)

Weren't there talks of a massive oil pipeline from Russia to China?

[–] [email protected] 1 points 7 months ago (1 children)

Maybe. They do export to China. The thing is China cuts a hard bargain, and so they really prefer to sell to Europeans, who will bid competitively. And also they could potentially sell to both, so I'm not sure how Ukraine figures in to any of it.

[–] [email protected] 2 points 7 months ago

@CanadaPlus @Jax
China and India pay close to cost price for Russian oil and and have refused to pay in Rubles, which caused the Ruble to become an effectively non-exchangeable currency. Russia is spending 40% of its income on the war, and as its income is almost entirely derived from petrochemicals, the effect on the Russian economy is catastrophic. They are not exporting refined products due to failing infrastructure and Ukrainian attacks on refineries. The situation is serious.