There has been much talk about how there are plenty of buyers for Russian oil – especially heavily discounted Russian oil – in absence of American and European buyers. The would-be buyers at the top of the list, India and China, certainly have been aggressive as of late in not only sending tankers to load up on Russian crude at Novorossiysk but in broadcasting to Western/NATO powers that they feel no shame in doing so.
And if we’re being entirely honest, it’s not like Brussels or Washington nor their respective allies have had much interest in pursuing an Iran-sanctions style punitive regime for Asian buyers of Russian crude. At least, not until now.
In light of the current and ongoing Russian bombardment of the critical Ukrainian port city of Odessa, and the first major salvo of alleged Russian war crimes evidence coming out of Ukraine, public support for harsher sanctions measures against Moscow isn’t going to abate anytime soon. If for some reason you had been betting/planning/hoping on Asian buyers to help keep the Russian energy industry (and buy extension, the Russian economy afloat), you might want to seriously rethink your position.
Previous newsletters mentioned in the video:
Having difficulty keeping up with the chaotic and quickly-changing landscape of Russia sanctions and commodities markets?
Our upcoming webinar will address how Russia’s invasion of Ukraine and the emerging global sanctions campaign against Russia will impact the world of industrial commodities–metals, minerals and their associated industries.
What happens when a country who is a top 5 supplier of over a dozen commodities finds itself squeezed out of a market already facing serious supply chain dislocations? What challenges and opportunities exist for manufacturers and suppliers across the globe?
Please join us next tomorrow, April 5 as we tackle these issues and more in our upcoming webinar The Ukraine War: Industrial Materials Edition. Sign up links and more information below.
We have been offering a series of in-depth presentations on the global impacts of the Ukraine war on various industries.
Our previous two focused on the impacts on global energy and agriculture. You can purchase access to the recordings of both of these webinars via the buttons below:
Can’t make it to the live webinar? No problem! All paid registrants will be sent a link to access the recording of the webinar and Q&A session, as well as a copy of presentation materials, after the live webinar concludes.
Not interested in the whole enchilada? No problem. We will continue to post our analysis and updates on this and other topics related to the Ukraine War. This newsletter and its affiliated videologues are, and always will be, free. New subscribers can sign up here.
Finally, a reminder:
Russia’s strategic shift from thunder runs to a civilian obliteration has already forced ten million Ukrainians from their homes, with nearly four million now living in limbo in foreign lands. All proceeds from all formats of all of our previous books are being donated to the Afya Foundation, a charity which provides medical assistance to refugees from the Ukraine War. The buttons below will direct you to our purchase pages where you can both find out a bit more about each book, as well as select purchase options ranging from e-services to your local bookstore.