Who’s Still Buying From Russia?

[jamal18]

Pakistan has been fooled into being a goody goody.

Europe has orderd Pakistan not to buy, while still buying themselves.

 

[MajesticPug]

Pakistan not in the list?

Pakistan stands by America -- rain or shine.

Europe has orderd Pakistan not to buy, while still buying themselves.

'Europe' in your sentence should be 'U.S.'

You're welcome.

 

[SecularNationalist]

Pakistan not in the list?

Beggers can't be choosers.
Cherry Blossom

 

[MeFishToo]

China is very smart and keeps extremely cordial friendship with all oil rich countries, Russia, Iran, Iraq, Kuwait, Saudi Arabia, UAE, Venezuela....China will never be that stupid like EU to put herself into such a tight bind.

Exactly. Which is why Russia cant find an alternative market the size of EU for its gas and oil.
Europe is going to distance itself from Russia. There is no turning back. Putin completely miscalculated the situation this time, and no opportunistic move of his is going to reverse the shift in Europe.

 

[my2cents]

@Olympus81

Pakistan not in the list?

Sadly not, with IK eliminated and an imported govt in place. Had IK been around it would be a different story.

Regards

IK is all talk. He has zero power to go against the establishment. He said he will not take any loans but ended up with most loans. In his 3 year tenure he took more loans than all his predecessors combined. He said Russia offered cheaper oil but it turned out to be a lie. He took loans and gave away subsidies on oil, gas and electricity which made it worse for Shabaz Sharif to reverse and set it right. When you take a loan, you use it wisely like on infrastructure projects which will give returns in economic activity or direct revenue to exchequer. Anyway he is gone and is unlikely to come back in near future. It is next generation which has to bear the brunt of his actions.

 

[ckf]

Now imagine Russia loosing that market.

EU loosing Russia will now be taken hostage by American LNG. Either way, EU looses. I would not be surprised next year EU scraps oil ban and resume flow of NG. Sanctions against major powers never work.

 

[MeFishToo]

EU loosing Russia will now be taken hostage by American LNG. Either way, EU looses. I would not be surprised next year EU scraps oil ban and resume flow of NG. Sanctions against major powers never work.

You would have to assume Russia is a major power in the first place. If it wasnt for nuclear weapons the world wouldnt even pay attention to Russia.

Some of you dont seem to understand that North America and Europe are allies and have the largest trade and investment relationship and integrated economic relationship in the world. Not to mention the EU and USA is the largest trade or investment partner of almost every country in the world. The US investment in EU and visa versa is 3-5 times higher than the US/EU investment in entire Asia.
Nobody is taken hostage in a relation like that. Its just a made up russian propaganda story.

 

[beijingwalker]

Not to mention the EU and USA is the largest trade or investment partner of almost every country in the world. The US investment in EU and visa versa is 3-5 times higher than the US/EU investment in entire Asia.

Actually China is the biggest trading partner in almost every country in the world, including EU and US, if EU is taken as a country. China is also the biggest trading partners by a huge margin with Japan and Korea, around half of Taiwan's total trade is with the mainland China, see, trade and business do not always make close friends and allies.

 

[INS_Vikrant]

Funny thing huge amount of Russian crude oil imported by India is again being exported back to Europe after refining, so the actual figure of Europe buying Russian oil is even bigger, hypocrites. Anyways good for us, bad for naive citizens of Europe who are paying higher prices for fuel and wrongly believing that this is the price they are paying for protecting democracy and freedom LOL.

 

[ckf]

You would have to assume Russia is a major power in the first place. If it wasnt for nuclear weapons the world wouldnt even pay attention to Russia.

Some of you dont seem to understand that North America and Europe are allies and have the largest trade and investment relationship and integrated economic relationship in the world. Not to mention the EU and USA is the largest trade or investment partner of almost every country in the world. The US investment in EU and visa versa is 3-5 times higher than the US/EU investment in entire Asia.
Nobody is taken hostage in a relation like that. Its just a made up russian propaganda

I think you misinterpreted my statement which is figurative rather than 100% literal sense which can also be true due to politcal stranglehold. If EU bans Russian gas, EU will be 100% dependant on LNG imports and the risk associated with it. There's political risk (US/Qatar banning export to lower NG prices at home or a war such as libya), weather risk (hurricane season such as Katrina), fire/accidental risk (freeport), LNG feeder industry risks (ethane and cost of ethane production). It's a very complicated process. If we have a big accident anywhere, much like fukushima, environmentalist will be attacking LNG industry with a vengence. How does Europe benefit from this in the long term?

 

[MH.Yang]

Exactly. Which is why Russia cant find an alternative market the size of EU for its gas and oil.
Europe is going to distance itself from Russia. There is no turning back. Putin completely miscalculated the situation this time, and no opportunistic move of his is going to reverse the shift in Europe.

In addition to strategic reserves, it is indeed impossible for China to give all its daily oil use share to the Russians. Personally, I think the upper limit tolerated by the Chinese govt is 25%.

But you forget India. I believe Indians don't mind doing oil resale trade. And Western countries now need Indians.

In 2021, China's total oil imports were 512.98 million tons. Personally, the Chinese govt should be allowed to import 130million tons of oil from Russia. In 2021, Russia exported 230million tons of oil, if China digested 130 million tons, there were still 100 million tons left. Russia and India should be able to solve it.

 

[Path-Finder]

https://twitter.com/x/status/1542825347875360769

 

[khansaheeb]

https://twitter.com/x/status/1542825347875360769

Germany did close down most of the nuke plants so are dependent on LNG, so they have to import LNG from Russia.

 

[Hack-Hook]

Germany did close down most of the nuke plants so are dependent on LNG, so they have to import LNG from Russia.

are you sure Russia export LNG?

 

[MeFishToo]

Actually China is the biggest trading partner in almost every country in the world, including EU and US, if EU is taken as a country. China is also the biggest trading partners by a huge margin with Japan and Korea, around half of Taiwan's total trade is with the mainland China, see, trade and business do not always make close friends and allies.
View attachment 858760

As you noticed I said trade and investment partner. My guess is this map is based on chinese export.