@Shawnee
EU is expected to approve a Russian oil embargo in a bid to halt the Ukraine war, a report says
EU ambassadors are expected to meet on Wednesday to finalize the proposal, weeks after EU countries discussed the measure.www.yahoo.com
If this passes (likely will in this Russia-phobic climate) then how long can Putin continue his war? Certainly going off war chest alone he can survive. But Saudi Arabia’s Yemen venture showed how easy it is to dwindle a war chest fast.
It also explains why Europe is desperate to get Iran to drop the FTO demand on IRGC. Iranian oil could play a nice role. However, I am not sure how many refineries in Europe can process Iranian crude. Back in the day (pre 2010) there were quite a few. Venezuelan oil could also be an option.
Both sides should agree that an unwritten unofficial smaller deal is the best for them. Not a nuclear deal per se but a mutually beneficial deal on negotiable and agreeable items.
US says you want to sell oil and Eu needs to buy oil. So stop nuclear activities and we buy your oil in exchange.
Well. It is a seller’s market now. Getting cash for oil is easy now. A missile fired at a refinery causes huge havoc now.
Last edited: