So, what does it mean if, as seems likely, India agrees to shift away from Russian oil, with raised odds that China follows suit?!
Well, it's a major, long-lasting catastrophe for the Russian economy. So bad that Putin might consider an immediate ceasefire or even handing off power, if well-advised... which he probably won't be. (I'm not sure he'd want to stay in power if a ceasefire & negotiation must be adopted.)
He'd probably continue the war, unless Nabiullina advised him otherwise... 1/5 🧵
@KraftTea
Do you know more of what this is?
India is dropping Russian Oil, huge loss to nearly destroyed russian economy. I dont know how Putin can stay. Dont know how Russia lets Putin stay.
Putin has screwed Russia like no moron has screwed Russia before.
plus hundreds of thousands dead.
#ukraine #PutinLosesIndia
@kevinrns Also worth pointing out that EU countries voted awhile back to lower the price cap on Russian oil to $47.60 a barrel. That's probably about $5 a barrel lower than the production cost... but that is a price Russia might be willing to accept, because of their need for overseas currency to facilitate trade with other nations, and because they either need to keep pumping their oil or cap their wells for the long term. The oil has to go somewhere, lest it freeze in the pipes and crack them.