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Following the invasion of Ukraine Russia replaced lost oil sales with increased sale to INDIA and by May 2023 India was buying over 2.2 MILLION Barrels Per Day which was almost half of Russia's exports. However those exports have fallen significantly over the past 6 months due to payment problems surrounding CURRENCY, issues with the PRICE and increased enforcement of the SANCTIONS. Russia announced OIL PRODUCTION CUTS of 850,000 Barrels Per Day in 2023 and those cuts may be related to the loss of sales to India. In this video I provide more details of the current situation, discuss the problems that Russia is now facing and the impact on the Russian Economy.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
2:45 INDIAN OIL PURCHASES
6:28 CURRENCY PROBLEMS
9:38 RUSSIAN OIL PRICE
12:24 SANCTIONS
15:27 SUMMARY & CONCLUSION
#russia
#india
#sanctions
#ukraine
#opec
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3
