Political strategist Mikhail Sheitelman stated that due to U.S. and EU sanctions, as well as Ukrainian strikes, Russian oil is now being sold at a record discount — $20 per barrel, Politeka reports.
He discussed this in his blog.
“Roughly speaking, oil costs $60 on the market. Meanwhile, Urals is not $60 but, say, $53. And then another $20 is the discount. That leaves $33. Attention, fanfare. That’s already below Russia’s production cost — or about equal to it. In other words, they’re now selling at break-even, because of the sanctions, because other companies refuse to buy, and because we’re also bombing those Baltic and Black Sea ports. That’s part of the secret — try loading anything there now. A tanker approaches Tuapse, and we can bomb it. Okay, maybe we don’t hit the tanker, but it’ll stay there for a month because we destroyed the oil-loading facilities. So sanctions against Russian oil, combined with our drone and missile strikes, are working together,” Sheitelman commented.
Meanwhile, he noted, according to the Financial Times, the Russians are trying a new trick: after being banned from selling Lukoil to themselves, they decided to sell it to Rosneft — meaning one sanctioned company selling to another sanctioned company. This, the expert explained, is a “battle of spiders in a jar”: Rosneft is a state-owned company run by Sechin, who is known for spending his entire career trying to seize other people’s businesses.
And to “save the situation,” Sheitelman emphasized, Putin himself plans to step in — on December 5, he will go to India to ask Modi to buy Russian oil. According to the expert, Putin now resembles Lukashenko, who once told his ministers at a government meeting that they should personally go and sell sugar, just as the Belarusian president himself had successfully sold 12 tractors to Venezuela and a combine harvester to Zimbabwe.
“Now Putin has turned into a collective farm director. Putin himself will travel around selling oil. That’s very useful. It really undermines the Russian power structure, you see? Before, Putin was like a god, and others just crawled around him. But now Putin himself will go to meet Modi to sell a barrel of oil. That’s very good for us, I think. Putin has turned into a pathetic traveling salesman,” Sheitelman concluded.
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