Russia’s profits from exporting oil, gas and fertilizer amount to more than €10 billion ($11.54 billion) a month, the chamber said. “Russia is the big winner of the new war in the Middle East,” Matthias Schepp, the chamber’s chairman, told dpa.
Russia’s profits from exporting oil, gas and fertilizer amount to more than €10 billion ($11.54 billion) a month, the chamber said. “Russia is the big winner of the new war in the Middle East,” Matthias Schepp, the chamber’s chairman, told dpa.
Russia was selling its oil mainly to China and India, which are not western. If they get a high enough discount, then they are willing to take the risk. With oil at $100 or similar even something like $70, which is well above the price cap, would be a good deal for them and worth the risk.