Posted:
#1051
Quote Originally Posted by wallstreetcappers:
@I_Need_A_Detox Not sure he said lost money rather revenues, so that means if they have to sell at a discount to the market that lost revenue they would have otherwise made. That was the reference point but in reality oil likely would not be higher than 80 without this issue so if they had not got this going they would be in a similar spot. But they are losing money on the value of the currency, their inability to trade and higher prices to get goods and services they need. Their stock market is closed and so those invested are in limbo, money transactions are frozen and the loss of life is also substantial.
@I_Need_A_Detox Not sure he said lost money rather revenues, so that means if they have to sell at a discount to the market that lost revenue they would have otherwise made. That was the reference point but in reality oil likely would not be higher than 80 without this issue so if they had not got this going they would be in a similar spot. But they are losing money on the value of the currency, their inability to trade and higher prices to get goods and services they need. Their stock market is closed and so those invested are in limbo, money transactions are frozen and the loss of life is also substantial.
Their currency seems to have been stabilized again back around 0.013 usd to 1 ruble
They obviously calculated that this was a better option than allowing Biden the war hawk and NATO to push further into the East
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