Quote from: Eden Loomis on Today at 09:03:28 AM

In my opinion, it creates a big problem for EU. If Russia cannot sell gas for EU, they will earn less money but they still sell it, for example, Asia nations. In the side of EU, they are meeting the seriously scarcity of gas and food. They choose to decrease the gas in the WINTER.

this news is valid...

Quote

In the second quarter of 2020, Russia's current account was recorded at US$ 70.1 billion. This is higher than the previous quarter's record of US$ 68.38 billion.

Russia's central bank (Central Bank of Russia / CBR) itself at the beginning of last month reported that in the January-July 2022 period, the current account recorded a surplus of US $ 166 billion or around Rp. 2,473 trillion (exchange rate of Rp. 14,900/US$). According to CBR, this estimate is more than three times the same period in 2021 at US$ 50 billion.

The large current account surplus was caused by declining imports while exports soared due to high energy commodity prices. In addition to crude oil, there is natural gas and coal which are insanely expensive.

Asia is the target of sales of crude oil, natural gas, and coal from Russia, while EU countries continue to buy oil and natural gas from Asian countries such as India, Saudi Arabia and Kuwait.

From the scenario that is still happening until now, the beneficiaries of this war are Russia and Asian countries which are buyers of natural commodities from Russia, while the ones who lose are EU countries that impose sanctions.

Honestly, this is really pathetic, as if this war is happening for a profit.