Quote:
Originally Posted by PeteMoss
They are just capping the Russian oil from what I read. Other oil is not being capped. So China and India would pay less for oil than the West would. Basically they don't want to cut the oil available overall, just cut the price on Russian oil by using the fact that all payments flow through G7 countries financial systems.
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Interesting, so China and India buy the oil and slightly above the western price from Russia then sell it back to the west taking the profit.
I suppose that would take dollars away from Russia.