And the prices of oil will normalise fairly quickly when ppl stop with the panic as supply is currently not affected. It might be in the future but there are mechanisms and levers the world can use.
And the prices of oil will normalise fairly quickly when ppl stop with the panic as supply is currently not affected. It might be in the future but there are mechanisms and levers the world can use.
India on the other hand has a far weaker hand as they don't have the economic muscle to challenge the Western sanctions and they are dependent on Russia for military hardware. It seems mind boggling that they are not self reliant on defence equipment, even smaller ones. They can't replace all of that hardware with stuff from West as well, as that will be too costly.
They're not going to help Russia - they're going to exploit the situation and demand deals that are barely tolerable for Russia.
As far as I have kept track, not a single barrel has disappeared from the market due to sanctions until now.