RUSSIAN Oil Cancelled

Video Description

Please check out my latest food video: I Tried a 45 Year Old Vegetarian Restaurant....Unbelievable! https://youtu.be/PYffAMqSs8M The Drunken Duck video has not been published yet but is coming very soon! If you would like to support the Channel: https://www.buymeacoffee.com/JoeBlogs https://www.patreon.com/joeblogsYT YouTube Membership - https://www.youtube.com/channel/UCjniKviAJH0mENoLStpQXmQ/join YouTube Super Thanks (click below) Russia’s economy relies heavily on oil exports to fund government spending and the war effort. And for the past two years, China and India have been the two biggest buyers of Russian crude — providing billions of dollars every month to the Kremlin. But that is now changing. Following new U.S. sanctions on Rosneft and Lukoil — the core companies behind Russia’s oil export system — both China and India are now scaling back their purchases of Russian oil. Shipping costs are rising, insurance risks are increasing, and refiners are becoming more cautious. This could have major implications: Russia may be forced to offer deeper discounts Oil revenue flowing into Moscow could fall sharply The Kremlin’s budget deficit may widen Global oil markets could tighten, pushing prices higher In this video, we break down: Why the U.S. sanctions matter now How much oil China and India buy from Russia The revenue Russia risks losing each month How the Kremlin may try to respond And what it could mean for global fuel prices and your cost of living This story is still developing — and the consequences could be global. For specific details please check out the CHAPTER list below. Chapters: 0:00 Intro 0:53 SANCTIONS 2:25 WHY NOW? 4:03 CHINA & INDIA 7:21 RUSSIAN RESPONSE 8:45 SUMMARY & CONCLUSION #russia #ruble #russianeconomy #donaldtrump #globalrecession #russianoil #gdp #rouble #ukraine #uk #pricecap #GLOBALFINANCIALCRISIS #RUBLE #SWIFT #RECESSION #CHINA #USA #NATO #WW3 #WORLDWAR3