Quote from: DrBeer on June 23, 2022, 09:23:35 PM

Quote from: bustabitsboy on June 23, 2022, 06:04:30 PM

Russia and China are powerful countries. Russia is developing its economy thanks to sanctions, China supports it in this. India joined this alliance and I think these powerful powers have every chance to bypass the USA. Negotiations are currently underway to switch trade completely from dollars to rupees. This is a big breakthrough and support for the economies of these countries. Now new centers of power are emerging and this must be taken into account. These countries have large territories, a large population, a powerful army, and high technology. There is something to think about...

If you didn’t read Russian fake propaganda, you would perfectly understand that Russia for China is just an appendage that sells any resources to it for cheap, as others refuse them! A simple example that you can easily check is that Russia's budget, in the area of oil revenues, is built on a price of $70+ per barrel. The indicative (this is not the real purchase price) of Urals oil is 100+ dollars, Europe refuses it, and China agreed to buy it, no more than 40 dollars per barrel. For myself, and I don’t rule it out for sale

For one thing, let me remind you why Russia agrees to such conditions - and it simply has nowhere to store excess oil produced, and it is FORCED to sell at least to someone, at least for some money, otherwise it will have to conserve the fields, and after the sanctions, technologically backward Russia itself will not be able to launch them on a new one! Everything is extremely simple, and you do not need to invent something!

This is not true, the price of Ural oil of $44.2 is included in the Russian budget for 2022. This is public information and is easy to verify on your own. Data on the size of the discount to China and India is more difficult to verify, but according to various sources, it does not exceed $30-35 per barrel. The average price of oil that Russia sells to Asia is about $80 per barrel, almost double the budgeted price level. However, due to the strengthening of the ruble against the dollar, the situation in reality is a little worse, but right now Russia is receiving excess profits from oil exports, part of which goes to replenish the National Welfare Fund.