Sanctions, link here:
- Russian oil exports discombobulated;
- short-term: Russian oil export routes in flux
- medium-term: banking system to facilitate trades in oil in disarray
- long-term: Russia oil sector needs western technology more than western technology needs Russia
Folks who question the validity of this chart simply have no clue.
Question: with western technology now avoiding Russia, does that improved the supply chain for the rest of the world?
