Quote from: Sithara007 on August 31, 2022, 03:34:13 AM

Quote from: Renampun on August 30, 2022, 06:12:51 PM

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.

How can you say that Asians are benefitting out of this? We are getting royally screwed here in India. Crude oil was going at $40 per barrel in 2020. Now we are purchasing it from Russia at around $90 per barrel. Saudi Arabia and UAE are selling their crude to Asian nations at huge premiums (up to $10 per barrel above the benchmark prices). Common people are suffering here. In Europe they can afford the higher energy and fuel costs. Here in India there are a lot of people who can't afford these utility bills. Feeling quite depressed now.

Strangely, as recently as today I read that India made an impressive breakthrough and GDP growth in the second quarter of 2022 was 13.5%, largely due to oil purchases from Russia at a good discount. From the outside, it looks like India is one of the main beneficiaries of Western sanctions against Russia, although you, of course, know better on the spot.