11–20 of 204 posts
EU continues to important Russian oil, it has just been refined and rebadged by India, Saudi Arabia, China and others, so that a statement like this could be made. EU is basically paying a premium in order to stake a claim to moral high ground they don't hold
EU traded off massive inflation for independence from Russian fossil fuels. A victory for politicians, not so much for the Otto Normalverbraucher.
EU continues to important Russian oil, it has just been refined and rebadged by India, Saudi Arabia, China and others, so that a statement like this could be made. EU is basically paying a premium in order to stake a claim to moral high ground they don't hold
Not really, EU is paying a market rate just like the rest of the world. It's just that a big part of the profit which would normally go to Russia now goes to middlemen.
The price cap was designed to reduce Russian profits without reducing Russian oil exports..
EU continues to important Russian oil, it has just been refined and rebadged by India, Saudi Arabia, China and others, so that a statement like this could be made. EU is basically paying a premium in order to stake a claim to moral high ground they don't hold
It will also slowly deteriorate Russian oil refining industry since everyone just want to buy their cheaper crude oil. It will take decade and won't stop the war now, but it gonna be a huge hit in a long run.
So while EU sanctions are weak they do work.
>Through the Joint European action for more affordable, secure and sustainable energy (REPowerEU), the EU confirmed its objective to reach independence from Russian fossil fuels well before the end of the decade,
Confirmed does not mean achieved. The article further links to Tim McPhie's Twitter but provides a quote that is not on the linked Twitter:
>we are no longer dependent on them
Ctrl+F "dependent", nothing. What McPhie does say:
>joint resolve to terminate EU dependence on Russian fossil fuels by 2027.
Misleading clickbait is misleading.
EU traded off massive inflation for independence from Russian fossil fuels. A victory for politicians, not so much for the Otto Normalverbraucher.
The price rise was caused by supply restriction from Russia in preparation for the war and likely intended as a blackmail all along.
EU continues to important Russian oil, it has just been refined and rebadged by India, Saudi Arabia, China and others, so that a statement like this could be made. EU is basically paying a premium in order to stake a claim to moral high ground they don't hold
They’re doing this while forcing russia to sell their crude at close to zero profit. I’d say that’s a positive.
EU continues to important Russian oil, it has just been refined and rebadged by India, Saudi Arabia, China and others, so that a statement like this could be made. EU is basically paying a premium in order to stake a claim to moral high ground they don't hold
They’re doing this while forcing russia to sell their crude at close to zero profit. I’d say that’s a positive.