U.S. Treasury Secretary Bessant says that allowing the United States to buy #Russian oil is "not so beneficial to Russia.":So, which is bigger? If the price of oil jumps to $150, but #Putin gets 70% of that amount, or if the price stays at $95-10...
...0, where will he get more money from? If it jumps to $150, then, in general, his treasury will remain unchanged. And if you add a couple of billions, which in the real world is a huge amount, but for the Russian Federation, then he spends so many dollars a day on the maintenance of the government.So the idea is that once the conflict is over and the markets are well-supplied, they will be able to return to normal operations. And, again, this is a short-term period for oil that is already a...
...0, where will he get more money from? If it jumps to $150, then, in general, his treasury will remain unchanged. And if you add a couple of billions, which in the real world is a huge amount, but for the Russian Federation, then he spends so many dollars a day on the maintenance of the government.So the idea is that once the conflict is over and the markets are well-supplied, they will be able to return to normal operations. And, again, this is a short-term period for oil that is already a...