#4081 ·
urbanotter said:But what happens when there are plenty of "uncivilized" players who are more than willing to keep the trade flowing?😉India has taken in 34 million barrels of Russian oil at discounted rates since February. That is roughly ten times their total annual imports from Russia, and if you look at the monthly numbers, it’s actually twenty-five times higher than what they were seeing this time last year.
https://croativ.net/sankcijama-europ...1mlcP7U39yraQw
And they are paying in rubles, too.ExxonMobil has finalized its list of European companies that refused to settle their gas bills in rubles.
We are looking at six companies across five different countries that stood their ground against the Russian demand to pay exclusively in rubles, though the vast majority of European firms and nations did ultimately go along with the new payment scheme. Since the May deadlines have already passed, it doesn't seem likely that any other European companies will back away from importing Russian gas.
All five of them.
If they want to find better buyers than the European Union, that's on them.