/ world today news/ President Vladimir Putin signed a decree to supply oil to friendly countries, regardless of the price ceiling. But everyone remembers that at the end of last year, supplies of Russian oil and oil products were prohibited to those who directly or indirectly prescribed in the contracts the mechanism of fixing the maximum price at the request of unfriendly countries.
The question arises: what does this mean?
There are several reasons for this, and they are all obvious.
The risk discounts in trading our oil are slowly disappearing. With ESPO and other varieties, it is only about 10 dollars.
“Ural”, which is below 60 dollars, is technically not subject to sanctions. Our companies do not sell “Ural” directly in Europe, but transfer supplies to other markets – to non-hostile countries: Turkey, India and others. These countries resell raw materials and petroleum products to Europe at a high margin. Russia also gets its share of the profits.
Even raw material countries buy Russian oil products. Thus, Saudi Arabia and the UAE are actively increasing purchases of oil products from Russia and are engaged in re-exports. They take from us with a strong discount – below the ceiling, resell Europe with a large margin and the profit is shared.
All this goes to Europe on oil tankers with various flags (often even Ukrainian).
The Anglo-Saxons are trying to put pressure on these countries. Which proves once again that the unipolar world is still going strong. I will talk about the mechanisms separately. But, for example, the Central Bank of India is scrutinizing oil companies for not complying with the price ceiling.
In addition, the head of the Central Bank of the Russian Federation Elvira Nabiulina says that our exporters are experiencing difficulties in withdrawing the proceeds in rupees from the banks in India.
In order to bypass the financial lobby of the West in the same India, the existing scheme will simply have to be changed. To this end, Russia and India are already working on the creation of a mechanism for the reinsurance of maritime supplies. Our profit will be sewn not in the selling price of oil, so as not to replace these countries, but in accompanying services – insurance, processing, delivery to Europe, through these countries.
In short, the market is adapting and fragmenting. Sanctions will allow Russia to enter those market segments that we have not been in for a long time (we were not allowed), for example, in the segments of insurance, maritime transport and logistics. In general, the amendments to the law reduce the pressure of the West on normal countries and even stimulate the expansion of schemes to suck the last juices out of European idiots.
Translation: V. Sergeev
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